The State of the Life/Health Insurance Industry

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This PowerPoint report by Steven Weisbart, senior vice president and chief economist of the Insurance Information Institute, reviews the current state of the U.S. life insurance industry, noting that annuities now provide the majority of industry profits. Slides show income, net profits and return on equity for insurers versus financial firms and other key industries. Sections of the presentation deal with revenues and revenue drivers, expenses and general U.S. and insurance industry employment trends. The presentation discusses how older generations might boost economic growth and the purchase of life and annuity products by prolonging their working lives. The report concludes with a discussion of the financial strength of the industry, noting that it has weather the recent recession well.

 

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