| 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 |
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|
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|
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| 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. |
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