Despite the rapidly descending darkness as the days grow shorter and the year winds to a close, there's growing light ahead for U.S. life insurers. Based on the Q3 results of publicly traded U.S. life insurers, which confirm a general improvement for the industry, Moody's Investors Service has declared a stable outlook for the sector.
In its report, "U.S. Life Insurers' Q3'10 Earnings -- Key Take-Aways," Moody's declares that life insurance sales continued to pick up both on a quarterly and yearly basis, and regained some of the ground lost in early 2009. However, the agency noted that fixed annuity sales continued to stagnate on the back of low interest rates, and there was only small increases variable annuity gross sales.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access