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Fitch sees improvement for life insurance industry in 2010

May 21, 2010, 07:51 pm

A report on statutory trends in the life insurance industry from Fitch Ratings notes that 2010 should see some improvement compared to past years.

According to the company, life insurance companies should see modest gains when held up to 2009's results, although 2010 will be much improved when compared to two years ago.

"However, Fitch still anticipates further deterioration in the commercial real estate market, which will likely be a significant driver of realized losses in 2010," the firm said in its report.

The ratings company said it expects net incomes to improve for the life insurance industry, although that will be offset a bit by dividends made to parent companies. Furthermore, operational costs for life insurance costs should improve compared to the last two years.

However, Fitch said it still expects to give the industry a negative rating through the first half of this year.

Recently, Moody's Investors Services improved its rating of the life insurance industry from a negative to stable. The company did so based on trends in capital markets and improvement in the U.S. economy.

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