Conning Research

The U.S. life insurance industry--which includes companies that provide annuity -based products--has stabilized somewhat during 2009. Conning Research predicts net after tax statutory income of $16 billion in 2009. This is despite $20 billion in capital losses for the industry in 2009. Annuities were the most painful and volatile segement for insurers, producing a $4 billion loss in the combined 2008 - 2009 period. Much of this came from losses on living benefit guarantees associated with...