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A.M. Best Co.
A.M. Best Special Report: Fair-Value Standard Impacts Insurers' Balance Sheets
August 1st, 2008
Dislocation in the capital markets and rising investment risk continue to place stress on the balance sheets of publicly traded life and annuity companies. Despite a challenging first quarter, A.M. Best Co. does not expect industry-wide distress. -- Comparing the change in accumulated other comprehensive income (AOCI) of year-end 2007 to first quarter 2008, there was a 5.7% overall decrease in adjusted shareholders' equity for this report's group of companies. -- Increased investment impairments and equity-market volatility were the primary drivers of the first quarter, year-over-year net operating income decline of 8% (on average). ...
Source: Health Business Week (2008-08-01)
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