VAGLB Followup, xxx lines

The percentage of the top 10 companies increased in 2002, at least in part, because net admitted assets in 2002 declined less for these top insurers than for the top 100 as a group.

For the top 100 insurers as a whole, 2002 net admitted assets for separate accounts declined to $927.2 billion, 91.2% of 2001s $1.01 trillion total. The top 10 insurers witnessed a decline to $418.5 billion in 2002, 93% of the $450.1 billion total in 2001.

In 2003, net admitted assets for separate accounts improved with a rebound in the stock market. For the top 100 insurers, according to National Underwriter Insurance Data Services, the total increased to $1.15 trillion, 124% of 2002s $927.2 billion.

The top 10 insurers 2003 net admitted assets for separate accounts also grew 124% to $519.4 billion over 2002s $418.5 billion. But the increase was based on a 2002 total that had declined less than for the group as a whole.

Reproduced from National Underwriter Edition, July 2, 2004. Copyright 2004 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.