Life insurers suffered a steep decline in gross investment returns over the last five years, led by falling interest rates as well as corporate defaults and rating agency downgrades in the early years of the period, according to a new study by Conning Research & Consulting, Inc.
Gross investment income returns for the period 2000 to 2004 dropped from 7.5% in 2000 to 5.9% in 2004. However, lower investment expenses somewhat cushioned the blow, improving each year during the study period.
Life Insurers Suffer Continuing Decline in Gross Investment Returns
Source: Insurance News Net
Life Insurers Suffer Continuing Decline in Gross Investment Returns
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