Low yields on investment assets should temper market competition despite the presence of excess capital and keep focus on underwriting discipline.
Charlottesville, VA (Vocus) March 3, 2010
SNL Financial, the leading provider of sector-focused financial information, is the first to publish data on 2,900 statutory insurance filing companies for year-end 2009. Preliminary fourth-quarter 2009 P&C, Life and Managed Care data reveals continued top line pressure but a significantly improved capital position in part from realized investment gains.
- P&C companies (excluding mortgage insurers) reported underwriting profits of $4.2 billion in the fourth quarter and $1.6 billion in after-tax realized losses.
- With a 15% increase in Total Adjusted Capital over fourth-quarter 2008, Life filers find themselves in a much better position to deploy capital in 2010.
- Health care entities reported a 5% decline in enrollment in fourth-quarter 2009 compared to the same period in 2008.
"In the current low interest rate environment, restraint is so important," said Jon Wright, SNL’s Director of Insurance. "Low yields on investment assets should temper market competition despite the presence of excess capital and keep focus on underwriting discipline."
SNL’s statutory data includes detailed financial data on each filer, reinsurance, investment and loss reserve schedules, data by state and line of business and hundreds of ratios, snapshots and analytics, available exclusively as part of SNL Unlimited service for Financial Institutions. SNL is the only information provider to offer clients a comprehensive insurance product, linking statutory data with public company data, mergers & acquisitions data, proprietary news, documents and more. To find out more about SNL Unlimited, contact sales(at)snl(dot)com or call 866.296.3743.
About SNL Financial
SNL Financial is a leading provider of financial information on more than 3,300 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit http://www.snl.com.
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