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Industry Report Card: North American Life Insurance Companies Aug 02
Standard & Poors, Aug 2002
Abstract
In its midyear 2002 outlook on the U.S. life insurance industry, Standard & Poor's warned that stock-market shocks could lead to rating consequences for companies that are heavily dependent on equity market appreciation. Since then, the downtrend in equity markets has accelerated sharply, with both immediate and long-term adverse effects for a number of insurers included in the tables below. The life insurance industry at large still has a number of fundamental strengths working in its favor. These overall strengths include extremely strong capital, very strong business position, strong operating performance, high-quality investment portfolios, and the general stability of protection-based products. In addition, the industry has responded well to capital pressures, with companies improving their capital deployment through use of...
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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