Reported net income for Moody’s-rated U.S. publicly traded life insurers increased by 188 percent in Q3 2013 when compared to the prior-year period. Net income increased in Q3 2013 to $6.4 billion compared to $2.2 billion in Q3 2012, with the increase lead by large earnings at AIG’s Retirement and Life segment ($1.24 billion), Prudential ($981 billion) and MetLife ($942 billion), according to new financial figures released by Moody’s.
“The increase was driven by positive performance all around, although the three largest players contributed half of the gains,” the ratings firm said.
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