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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
January 17, 2003 at 07:00 PM
NU Online News Service, Jan. 17, 10:54 a.m. – The GE Financial Assurance unit of General Electric Company, Fairfield, Conn., will report about $236 million in earnings for the fourth quarter of 2002, down from $249 million for the fourth quarter of 2001, the company says.
Productivity at the unit, which sells life insurance, long-term care insurance and related products, was up, but investment spreads were down, GE says.
The GE insurance operations as a whole, which include the results for Employers Reinsurance Corp., a large property-casualty and life reinsurer, lost $1.1 billion in the fourth quarter, down from a $365 million net profit for the comparable quarter in 2001, because of a $1.5 billion loss at ERC, GE says.
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