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Article: Net income showed gains at these life insurers in 1989.
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- April 9, 1990
- Author:
CopyrightCOPYRIGHT 1990 Summit Business Media. 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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Net Income Showed Gains At These Life Insurers In 1989
For most of the insurers in this week's survey, the 1989 numbers were quite an improvement over the year before.
Travelers 1989 net income zoomed to $455 million from $55 million the previous year. Premium of $7.79 billion generated in 1989 was roughly equal to 1988's $7.77 billion.
In its annual report, Travelers said that the increase in 1989 net income "reflected significantly fewer impairments of investments, and improvement in all life insurance lines and certain noninsurance subsidiaries' results."
Among the improvements were gains in fixed maturities, equity securities and a ...