As worries over the solvency of pension funds spread throughout both the private and public sectors, the insurance industry is well situated, a new report from Fitch Ratings finds.
According to the report, the funded status of U.S. life and non-life insurers' defined benefit pensions plans improved in 2009 almost without exception. Of the 37 insurance companies that Fitch analyzed, the average funded status of these pension plans was 81% at year-end 2009, up from 73% at year-end 2008.
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