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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
October 14, 2008 at 11:32 AM
U.S. life insurers have taken a wide variety of approaches to reporting their exposure to low-rated mortgages.
Analysts in the Chicago office of Fitch Ratings have reported that finding in a summary of results from an analysis of the 10 U.S. life insurers with the largest known exposure to “non-prime residential mortgage-backed securities.”
The ratio of low-rated residential MBS exposure to statutory capital ranges from 16% to 227% at the companies studied, the Fitch analysts report.
Some insurers have recorded “significant impairments” related to declines in residential MBS prices, but others have recorded only minimal impairments, the analysts write.
If the prices of low-rated residential mortgage-backed securities continue to stay low during the second half of the year, many insurers are likely to recognize material impairments on their residential MBS investments, the analysts predict.
The charges should not affect shareholder equity, but the charges would affect statutory capital levels, the analysts write.
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