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Portfolios Buoy Life Profits

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Investment earnings accounted for about 6% of U.S. life and health insurers’ profits during the first 9 months of 2005, up from 2% during the comparable period in 2004.

Researchers at Weiss Ratings Inc., Jupiter, Fla., say profits for the 838 life and health insurers it rates increased to $28 billion during the period studied in 2005, from about $26 billion during the first 9 months of 2004.

The companies’ investment profits increased to $1.8 billion, from $552 million.