Wednesday, March 05, 2008

 

Life Insurers' Profits Rise, but They're Hardly Recession Proof

Despite a 9% increase in the profits of life insurers in the first nine months of 2007 (the most recent full set of available data), the industry now faces challenges from recessionary pressures.

Through Sept. 30, 2007, life insurers -- including annuities, life insurance, disability insurance, long-term care insurance, and health insurance -- earned $30.2 billion, up from $27.7 billion for the same period in 2006.

Life Insurers' Profits Rise, but They're Hardly Recession Proof
Source: The Street

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