Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

Weiss: 2Q Industry Earnings Soared

Your article was successfully shared with the contacts you provided.

NU Online News Service, Dec. 21, 2004, 5:20 p.m. EST

A Jupiter, Fla., insurance rating firm says U.S. life and health insurers did great between April 1 and June 30.[@@]

Total second-quarter industry profits increased 63% from the total for the second quarter of 2003, to $17 billion, Weiss says.

A big improvement in investment earnings contributed to the strong earnings.

The industry lost $4 billion when it sold, wrote off or wrote down investments during the second quarter of 2003. During the second quarter of 2004, the industry realized $814 million in gains on portfolio transactions, Weiss says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.