Friday, January 09, 2009

 

Life Insurer Surplus Drops $77 Billion, Erasing Gain

U.S. life insurers, led by MetLife Inc. and Prudential Financial Inc., lost $76.8 billion in surplus in 2008 on investment declines and costs guaranteeing retirement products, erasing six years of gains, Conning & Co. said.

Life Insurer Surplus Drops $77 Billion, Erasing Gain
Source: Bloomberg

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