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A.M. Best Co.
A.M. Best Special Report: U.S. Health—2008 GAAP Financial Review
May 22nd, 2009
The health care industry had a difficult 2008. Trends remained stable, but it was the first year in many that several companies had revised their yearly earnings projections. Previously, underwriting income declines could be offset by positive investment returns. However, 2008’s challenging investment environment, resulting in lower investment income and write-downs from investments in formerly highly rated companies, could not make up for the shortfall in underwriting. Overall, the managed care industry’s net income fell by 36.5%, year over year, due to a 22.5% decline in underwriting income and an almost 60% decline in investment income. In the...
Source: Health Business Week (2009-05-22)
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