SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Fitch Releases Special Report on U.S. Life Insurers' GAAP Results

[May 12, 2014]

Fitch Releases Special Report on U.S. Life Insurers' GAAP Results

CHICAGO --(Business Wire)--

Link to Fitch Ratings' Report: 2013 GAAP Results - U.S. Life Insurance
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=748117

Fitch Ratings today released a special report summarizing GAAP results for U.S. life insurance companies.

In this report, Fitch analyzes key drivers of 2013 operating results for publicly traded life insurance organizations. The report compiles data from 17 publicly traded life insurers in Fitch's debt rating universe.

Average operating results for the U.S. life insurance industry improved in 2013, driven by higher fee income, earnings from recent acquisitions, and the impact of expense control initiatives. However, investment margin pressures still remain a concern.

Most companies' pre-tax operating income and operating profitability increased in 2013, in contrast to 2012 when they were flat to down. Improvement was seen in variable annuities, retirement plan, and asset management businesses, which benefited from improved equity markets and higher account balances.

The full report 'U.S. Life Insrance - GAAP Results' dated May 12, 2014, is available at 'www.fitchratings.com' under 'Insurance' and 'Special Reports'.


Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Insurance Rating Methodology' (November 2013).

Applicable Criteria and Related Research:

Insurance Rating Methodology

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=723072

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.