It looks as if the life industry is gaining momentum as a whole as we enter the last part of the decade. Some of the key findings from the report include:
- Recent gains have enabled the industry to boost overall capital substantially, with surplus rising to almost $281 billion in 2005, up 3.5% from the 2004 figure.
- Conning predicts statutory net gains will rise to $33 billion this year, $35 billion in 2007 and $38 billion in 2008.
The firm expects operating margins for the industry to fall to about 6% in 2006, from 6.2% in 2005, then rise to 6.1% in 2007 and 6.3% in 2008.
- Net premiums for all lines could rise 4.7% this year, to $553 million, from $528 million last year, Conning estimates.
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