The insurers that sell group disability to U.S. employers have clawed their way up to hard-won stability.
Analysts in the South Portland, Maine, office of Gen Re have reported that finding in a summary of results from a survey of 31 insurers in the U.S. benefits market.
Gen Re asked the insurers about mid-year 2011 benefits sales. They also asked about earned premium revenue, or revenue from in-force policies.
Group long-term disability (LTD) sales increased 4% during the first half, to $769 million. That compares with a 21% plunge during the first half of 2010.
Group short-term disability (STD) sales fell 1%, to $369 million, but that represents a rebound from an 8% drop in sales reported for the comparable period in 2010.
Gen Re also charted improvement in the first-half earned premium figures.
Group LTD held steady at $4.9 billion. A year ago, group LTD earned premium was down 2%.