Syntax Error? Life Insurers and Earnings

A remarkable thing about second-quarter earnings reports coming from big life insurers is this: Analysts actually are talking about earnings.

Not that red ink will fade entirely, given continuing realized investment-portfolio losses. But since the world turned upside down last summer, these are the first quarterly results where the focus won't be entirely on capital cushions and cash hoards. Some insurers are expected to post modest net income...

WSJ: Syntax Error? Life Insurers and Earnings (Subscription required)