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Life Insurer Stocks May Falter: Analyst

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NU Online News Service, Oct. 16, 3:35 p.m. – The stock prices of publicly traded life insurers were up 12% for the period from Oct. 8 to Oct. 15, vs. 10.3% for the S&P 500, notes Andrew Kligerman, an analyst with Bear Stearns & Company Inc., New York.

However, deferred acquisition costs, credit losses and company payoffs of guaranteed minimum death benefits will put a damper on third-quarter earnings and on stock prices in the life sector, Kligerman predicts.