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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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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
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
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 26, 2003 at 07:00 PM
NU Online News Service, Feb. 26, 10:37 a.m. – Total profits of U.S. life and health insurers fell to $3.4 billion for the first three quarters of 2002, down 61% from the profit total for the first three quarters of 2001, according to Weiss Ratings Inc., Palm Beach Gardens, Fla.
Weiss says it has not recorded such a low industry profit total for the first three quarters of a year in at least a decade.
Profits fell so low partly because life and health insurers suffered $9.6 billion in capital losses on investments sold during the first three quarters of 2002, up from $3.3 billion in investment losses for the comparable period in 2001, Weiss says.
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