Largest aggregate surplus
gains in 2008 were: New York Life & Annuity, $847 million; MetLife Insurance Company CT (formerly Travelers), $846 million; Genworth Life Insurance, $601 million; Principal Life, $539 million; and Aetna Life, $385 million.
Canadian property/casualty insurers experienced favorable investment income and strong capital
gains in 2003.
By 1960, African-Americans had made
gains in the struggle for civil rights.
The biggest
gains in values are in the lower medium sector which includes
Analysts cautioned that the
gains in stock prices occurred on low volume trading days, caused by the holiday schedule at the close of the year.
Excluding surplus paid-in, the largest percentage
gains in surplus for 9 months of 2008 were MetLife CT, 20%; Swiss Re, 10%; and Standard Insurance, 9%.
While 36 of the Townsend 100 Companies had surplus
gains in the first 3 months of 2008, only 29 companies had surplus gains for the first 6 months of 2008.
Only 26 of The Townsend 100 had net capital
gains in the first quarter of 2008.
Largest aggregate surplus
gains in 2007 were Metropolitan Life, $3.6 billion; Teachers Insurance & Annuity, $3.2 billion; Hartford Life, $1.2 billion; Northwestern Mutual, $1.1 billion; and Prudential Insurance, $1.1 billion.
Excluding surplus paid-in, the largest percentage
gains in surplus for 9 months of 2007 were reported by Monumental Life, 21%; Protective Life, 20%; and John Hancock Variable Life, 18%.
The improvement in capital ratio can be attributed to both high operating earnings and achieving net capital
gains in each year 2003-2006.
Excluding surplus paid-in, the largest percent
gains in surplus for 9 months of 2006 were reported by Transamerica Occidental, 32%; Great-West L&A, 22%; United Healthcare, 18%; and AFLAC, 18%.
According to data produced by Insurance Consulting & Analysis, LLC, the decline in surplus in the second quarter held growth in total surplus funds to 1.3% for 6 months of 2006, one of the lowest percent
gains in the last 12 years.
Earnings
gains in the last four years arose from reductions in crediting rates by life insurers on interest-sensitive products, and increased assets and management fees on variable products resulting from a recovery in the stock market, and net capital gains.
Capital
gains in 2005 were also the result of a number of TIAA funds that sold properties, he adds.
