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Conning: Life Industry Still Profitable

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The U.S. life insurance industry is generating net income this year but continues to face the after-effects of 2008 capital losses, according to analysts at Conning Research and Consulting.

Conning, Hartford, has published the analysts’ views in a review of the U.S. life and annuity industry.

The industry will report about $16 billion in 2009 after-tax income despite the $20 billion in capital losses, but 2009 after-tax income will be less than half of the 2007 total, Conning analysts predict.