Fitch Publishes U.S. Life Insurance 2014 Results Dashboard

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has released a dashboard summarizing GAAP results for U.S. life insurance companies.

In this report, Fitch analyzes key drivers for 2014 operating results for publicly traded life insurance organizations. The report compiles data from 17 publicly traded life insurers in Fitch's debt rating universe.

Pretax operating income declined by 7% in 2014 for U.S. publicly traded life insurers in Fitch's rated universe. The deterioration was primarily driven by long term care-related reserve charges for select companies. Excluding these companies, the group reported a 3% increase in pretax operating income during the year. The industry benefited from higher account values caused by improved equity markets and strong sales, partially offset by modest interest margin compression.

The dashboard 'U.S. Life Insurance - GAAP Results' dated April 9, 2015, is available at 'www.fitchratings.com' under 'Insurance' and 'Special Reports', or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Insurance Rating Methodology' (September 2014).

Applicable Criteria and Related Research: U.S. Life Insurance GAAP Results Dashboardhttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864354

Insurance Rating Methodologyhttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=756650

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Fitch Ratings
Dafina M. Dunmore, CFA, +1-312-368-3136
Director
Fitch Ratings, Inc.
70 West Madison St.
Chicago, IL 60602
or
Douglas R. Baker, +1-312-368-3207
Analyst
or
Media Relations, New York
Alyssa Castelli, +1-212-908-0540
[email protected]
Elizabeth Fogerty, +1-212-908-0526
[email protected]

Source: Fitch Ratings

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