LIFE/HEALTH INSURANCE INDUSTRY INCOME ANALYSIS, 2005-THIRD QUARTER 2010

($ millions, end of period)

  2005 2006 2007 2008 2009 First quarter, 2010 Second quarter, 2010 Third quarter, 2010
Income statement                
Premiums, consideration and deposits $521,514,924 $576,610,020 $611,220,202 $625,174,903 $510,448,713 $135,743,099 $147,391,051 $170,228,190
Net investment income 155,644,768 161,534,352 168,035,232 162,189,779 156,618,379 39,627,730 40,928,816 40,650,316
Separate accounts revenue 16,373,538 20,168,249 22,908,499 21,177,404 20,375,256 5,597,284 5,753,382 5,803,280
Total revenue $726,496,586 $785,643,697 $815,086,533 $844,654,719 $776,740,653 $182,641,920 $197,029,715 $195,853,474
                 
Benefits 187,958,947 214,234,506 228,334,392 240,185,875 244,142,234 62,164,704 61,543,930 61,578,614
Surrenders 226,012,081 271,991,585 305,165,095 291,562,349 228,695,583 52,567,725 52,630,600 51,706,152
Increase in reserves and deposits 103,577,818 69,793,034 35,327,056 144,209,482 99,040,250 16,108,446 37,939,915 23,085,333
Commissions 47,824,184 49,732,236 50,688,371 51,652,763 48,913,210 11,705,391 11,944,081 12,002,986
General and administrative expense 46,533,914 49,309,002 52,085,473 53,596,284 54,217,508 13,280,185 13,603,707 13,904,927
Net transfers to separate accounts 42,754,675 61,028,569 66,100,829 22,654,948 11,116,048 4,891,411 9,154,995 9,421,858
Policyholder dividends 15,939,513 16,450,216 17,497,121 17,739,431 15,004,998 3,778,443 4,137,321 3,679,901
Income tax 8,353,689 10,976,627 11,495,920 (61,657) 10,714,369 3,194,532 1,542,450 2,299,481
Net realized capital gains (losses) 3,151,958 6,538,344 (1,488,754) (50,949,974) (28,729,648) -6,231,886 -1,449,021 -2,986,776
Net income 36,594,652 37,008,441 31,630,947 (52,312,286) 21,528,259 5,254,701 -875,791 12,389,565
                 
Pre-tax operating income  41,796,382 41,446,724 44,615,621 (1,423,877) 60,972,276 14,681,119 2,115,680 17,675,822

Source: SNL Financial LC.