Life&Health Insurers' Earn $26B in First Nine Months of 2004 Jump $161B [View All]

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March 15, 2005 08:00 AM US Eastern Timezone

Life and Health Insurers' Earn $26 Billion in First Nine Months of 2004, According to Weiss Ratings; Industry Separate Accounts Jump $161 Billion

JUPITER, Fla.--(BUSINESS WIRE)--March 15, 2005--Profits of the nation's life and health insurers climbed $7.6 billion, or 42 percent, to $25.7 billion in the first nine months of 2004, according to Weiss Ratings, Inc., the nation's leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks. Industry profitability for the first nine months of the year reached its highest level in a decade due to the strong performance of insurers' investment returns, which rose $9.2 billion to $112.2 billion compared to the first nine months of 2003.


Insurers reporting the largest year-over-year increases in earnings include:

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