Thursday, January 26, 2006

 

Analyst Expects To See Sluggish Earnings

A number of U.S. life insurers may report soft profits for the fourth quarter of 2005.

Andrew Kligerman, an analyst at UBS Securities L.L.C., New York, makes that prediction in an earnings preview.

For one thing, mortality was higher than expected, Kligerman notes. He points to a survey by the Centers for Disease Control and Prevention, Atlanta, showing that average deaths for the quarter were up about 7% compared with the total for the fourth quarter of 2004.

Analyst Expects To See Sluggish Earnings
Source: National Underwriter (subscription required)

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