2010 Financial Results:  Life/Health Industry Rebounding

2010 Financial Results: Life/Health Industry Rebounding

As March Madness heads into its final rounds, it seems an appropriate time to share with clients the good news that NCAA cagers aren’t the only ones rebounding.

According to A. M. Best, the life/health industry continues to recover from the financial crisis as evidenced by the improvement of key economic indicators.  Among the highlights:

  • Total admitted assets improved 7.1% to $5.3 trillion;
  • After tax net operating gain was $42.2 billion;
  • Capital and surplus increased 8.7% to $338.4 billion;
  • Net Premium Written (NPW) increased 14.5% to $543.5 billion;
    • This reflects the first time annual NPW has increased since 2008

The life insurance companies currently offering structured settlement and fixed annuity products continue to represent the creme de la creme of the life/health industry.  Highly capitalized with sound investment philosophies and long  histories of making payments on time, there’s no safer choice for your settlement proceeds or 401(k) rollovers.

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