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
ThinkAdvisor

Life Health > Life Insurance

Separate Accounts Power Life Asset Growth

X
Your article was successfully shared with the contacts you provided.

Insurers watched pools of assets earmarked for specific customers grow much more quickly than their general account assets during the first quarter.

Analysts at TheStreet.com Ratings, New York, a successor to the old Weiss Ratings, say total life and health insurance company assets increased to $4.9 trillion at the end of the first quarter, up 6.7% from the total recorded a year earlier.

General account assets increased only 3%, to $3 trillion, while separate account assets increased 14%, to more than $1.8 trillion, TheStreet.com analysts report.

Industry earnings increased 3.2% from the total for the first quarter of 2006, to $10 billion, and much of the growth in earnings came from gains obtained from the sale of investments, the analysts report.


NOT FOR REPRINT

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