Lower VA reserves on guarantees boosted life insurer income in 2012: Fitch

By Thu, May 23, 2013

The majority of the 2012 net income change for life insurers--to $34 bn from $9 bn in 2011--came from large variable annuity companies who reported lower reserves on guaranteed benefits, which more than offset the negative impact of low interest rates, Fitch Ratings said.

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