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Article: Pan-American Life Insurance Company Continues to Build on Financial Results in 2007.
- Article from:
- Business Wire
- Article date:
- February 27, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A $25 Million Increase in Total Sales and $21.1 Million Contribution to Surplus Highlight Another Year of Sustained Growth
NEW ORLEANS -- Pan-American Life Insurance Company reported today that the company achieved statutory revenues of $275 million, and $21.1 million in contribution to surplus during 2007. The gains attained in the past year build on the record levels reached during 2006, and place the company's total capital at an all-time high of $331 million.
In its first year operating under a new mutual holding company structure - the Pan-American Life Insurance Group - the company also recorded an increase of $25 million in sales, nearing $146 ...