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August 30, 2002 at 08:00 PM
NU Online News Service, Aug. 30, 4:20 p.m. – U.S. group disability insurers made modest gains in the first half of the year in spite of the weak economy.
The 35 carriers that participated in the survey, which was conducted by John Hewitt & Associates Inc., Portland, Maine, increased earned premium revenue 8% from the first half of 2001, to $4.6 billion.
Total new group disability sales increased 6%, to $1.1 billion. New short-term disability sales fell 5%, to $357 million, but new long-term disability sales rose 12%, to $787 million.
