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February 26, 2009 at 07:00 PM
Two more life insurers reported earnings this week.
American Equity Investment Life Holding Company, West Des Moines, Iowa
4 Q 2008 Results
NET INCOME: $4.2 million
NET REALIZED INVESTMENT CHANGE: $23 million loss
NET CHANGE IN DERIVATIVES VALUE: 58 million loss
REVENUE: $166 million
4 Q 2007 Results
NET INCOME: $5 million
NET REALIZED INVESTMENT CHANGE: $4.8 million loss
NET CHANGE IN DERIVATIVES VALUE: $140 million loss
REVENUE: $62 million
- Net investment income climbed to $215 million, from $191 million.
- “Statutory capital and surplus of the principal life subsidiary was $983 million at Dec. 31, 2008, compared to $991 million at Dec. 31, 2007,” the companys says. “The company’s risk based capital ratio, which was estimated to be approximately 345% of company action level at Sept. 30, 2008, remained unchanged at Dec. 31, 2008.”
Phoenix Companies Inc., Hartford
4 Q 2008 Results
NET INCOME: $424 million loss
NET REALIZED INVESTMENT CHANGE: $164 million loss
