Friday, May 29, 2009

 

A Bleak Start to 2009 for Earnings of Biggest Life Insurers

The start of 2009 was bleak for the biggest U.S. life insurers, as MetLife, Prudential Financial, Hartford and Lincoln National Corp. all posted first-quarter net losses on many of the same problems that plagued them throughout 2008. These include hefty credit-related losses and impairments in their investment portfolios triggered by the credit crisis and resulting economic downturn.

A Bleak Start to 2009 for Earnings of Biggest Life Insurers
Source: Trading Markets

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