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U.S. Life Insurance Midyear 2010 Outlook: A Struggling Sector Could Be Poised For A Turnaround Jun 10
Standard & Poors, June 2010
Abstract
For more than two and a half years, the U.S. life insurance sector has endured somewhat weak credit quality, and it continues to do so--now largely as a result of an uncertain economic recovery. Standard & Poor's Ratings Services revised its outlook on this group to negative in October 2008, predominately as a result of the steep economic downturn and its effect on life insurers' earnings, investments, and capital. And we are maintaining our negative outlook based on our expectation that downgrades will continue through the second half of 2010, even as the overall industry should continue to improve its capital adequacy and earnings. If economic conditions keep improving, along with stronger earnings and capital, we might consider revising the...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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