LIFE/HEALTH INSURANCE INDUSTRY INCOME ANALYSIS, 2005-FIRST QUARTER 2010 |
($ millions, end of period)
|
|
2005 |
2006 |
2007 |
2008 |
2009 |
First quarter,
2010 |
Income statement |
|
|
|
|
|
|
Premiums, consideration and deposits |
$526,289.9 |
$578,970.4 |
$617,692.0 |
$632,201.3 |
$512,901.4 |
$135,628.3 |
Net investment income |
155,173.0 |
161,862.0 |
167,744.7 |
161,737.5 |
156,449.9 |
39,926.5 |
Separate accounts revenue |
16,373.5 |
20,169.0 |
22,897.6 |
21,177.3 |
20,375.3 |
5,597.3 |
Total revenue |
$731,239.3 |
$791,929.7 |
$821,582.6 |
$851,658.9 |
$779,032.6 |
$183,473.6 |
|
|
|
|
|
|
|
Benefits |
191,439.6 |
216,113.5 |
233,126.9 |
245,492.7 |
246,015.8 |
62,125.90 |
Surrenders |
226,013.2 |
272,108.8 |
305,165.6 |
291,708.9 |
228,671.2 |
52,567.27 |
Increase in reserves and deposits |
103,615.1 |
69,776.8 |
35,284.6 |
144,163.6 |
99,045.4 |
16,037.48 |
Commissions |
48,104.8 |
49,847.9 |
51,057.7 |
51,993.5 |
49,031.7 |
11,702.23 |
General and administrative expense |
46,877.9 |
49,490.4 |
52,558.5 |
54,093.9 |
54,364.5 |
13,272.75 |
Net transfers to separate accounts |
42,753.8 |
60,911.4 |
66,100.6 |
22,654.6 |
11,098.0 |
4,891.41 |
Policyholder dividends |
15,939.5 |
16,450.2 |
17,497.0 |
17,736.4 |
15,005.0 |
3,778.44 |
Income tax |
8,612.2 |
11,090.7 |
11,848.7 |
187.2 |
11,280.4 |
2,742.56 |
Net realized capital gains (losses) |
3,151.4 |
6,532.0 |
-1,498.8 |
-50,471.2 |
-28,746.1 |
-6,232.3 |
Net income |
36,474.9 |
37,689.9 |
31,832.3 |
-51,834.6 |
21,108.5 |
6,099.4 |
|
|
|
|
|
|
|
Pre-tax operating income |
41,935.5 |
42,365.7 |
45,179.9 |
-1,174.8 |
61,135.0 |
14,973.9 |
Source: SNL Financial LC. |
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