U.S. life and health insurance industry profits climbed 29% in 2004.[@@]
Weiss Ratings Inc., Jupiter, Fla., says total industry profits increased to $39 billion last year, up from $30 billion in 2003.
Profits for the individual annuity and group life lines were down, but the performance of the individual life and group health lines was strong, Weiss says. Industry profits increased 11% in the group life market, to $7.9 billion, and 32% in the group health market, to $4.4 billion.