Conning Research Projects Increased Operating Gains and Continued Surplus Growth for the Life Insurance Industry Through 2009

Monday, November 12, 2007 General News J E 4
HARTFORD, Conn., Nov. 12 Conning Research and Consultinghas released its latest forecast for the life-health insurance industry. Thisedition forecasts the life-health industry financial results for 2007 through2009.

"Analysis of 2006 results for the life insurance industry shows statutorynet operating gains of $27.4 billion, down $5.4 billion from the record 2005results. Separately, our GAAP estimate for 2006 results indicates netoperating income of $61.4 billion," said Stephan Christiansen, director ofresearch at Conning Research & Consulting. "We forecast statutory netoperating gain increases for the period 2007 through 2009, despite the single-year drop in 2006, as individual life sales improve and group annuitiesstabilize."

The semi-annual Conning Research report, "Life-Health Forecast & Analysisby Line of Business, 2007-2009" reports on 2006 final results for the industryand forecasts results for the life-health insurance industry and its top linesof business through 2009 on a statutory basis. The report also includes anestimated industry GAAP income and balance sheet for 2001 through 2006.

"Overall, the industry should continue to sustain historically strongmargins, even in the face of lower investment returns and the need to supporta growing capital base," said Terence Martin, senior analyst at ConningResearch. "The insurance and annuity lines are undergoing fundamental productshifts toward equity based variable products, and the industry appears to bemanaging this change well. We anticipate that greater emphasis on thesevariable equity products will result in net premium compound annual growth of7.3 percent through 2009."

"Life-Health Forecast & Analysis by Line of Business, 2007-2009" isavailable on a subscription basis or online at Conning Library, from ConningResearch & Consulting. Please call (888) 707-1177 or

About Conning Research & Consulting, Inc.

Conning provides insurance industry analysis to insurers and industrystakeholders. The Conning name has represented excellence in independentinsurance industry research for 50 years. As a result of its wealth ofexperience and intimate knowledge of the insurance industry, Conningunderstands industry challenges and opportunities and provides in-depthinsights and analyses on a wide range of industry products and issues. Conningis headquartered in Hartford, CT.Contact: Anne Steinberg Kitchen Public Relations, LLC 212-687-8999

SOURCE Conning Research & Consulting, Inc.


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