2011- First Nine Months Results (Life Insurance Industry)

2011- First Nine Months Results (Life Insurance Industry)

LIFE/HEALTH INSURANCE INDUSTRY INCOME ANALYSIS, 2008-THIRD QUARTER 2011

($000, end of period)

Income statement 2008 2009 2010 First quarter, 2011 Second quarter, 2011 Third quarter, 2011 First nine months, 2011
Premiums, consideration
and deposits
$625,174,903 $510,448,713 $581,194,491 $157,708,439 $157,734,981 $161,397,932 $476,811,544
Net investment income 162,189,779 156,618,379 164,137,870 40,957,214 42,306,410 42,131,521 125,382,851
Separate accounts revenue 21,177,404 20,375,256 23,360,670 6,328,865 6,565,473 6,403,096 19,297,434
Total revenue $844,654,719 $776,740,653 $773,322,505 $206,140,538 $207,907,944 $215,226,535 $629,228,085
Benefits 240,185,875 244,142,234 246,942,971 65,185,413 63,745,535 63,236,012 192,146,963
Surrenders 291,562,349 228,695,583 216,846,811 58,777,983 58,963,264 58,450,620 176,187,529
Increase in reserves and deposits 144,209,482 99,040,250 96,168,553 24,463,605 30,653,887 58,636,531 113,750,486
Commissions 51,652,763 48,913,210 49,293,593 11,990,057 13,028,400 13,500,735 38,511,112
General and administrative expense 53,596,284 54,217,508 56,814,057 13,987,619 14,410,025 14,568,820 42,954,180
Net transfers to separate accounts 22,654,948 11,116,048 29,273,192 10,484,529 7,354,914 5,902,666 23,742,109
Policyholder dividends 17,739,431 15,004,998 14,985,542 3,823,854 3,845,366 3,843,782 11,512,769
Income tax (61,657) 10,714,369 9,009,219 3,030,616 3,019,775 (4,001,563) 2,048,514
Net realized capital gains (losses) (50,949,974) (28,729,648) (16,025,852) (3,152,086) (2,072,469) 2,274,862 (2,949,780)
Net income (52,312,286) 21,528,259 28,049,199 8,763,465 4,934,954 (3,849,590) 9,851,982
Pre-tax operating income (1,423,877) 60,972,276 53,084,270 14,946,167 10,027,198 (10,126,015) 14,850,276

Source: SNL Financial LC.