The Street.com Ratings Announce Life and Health Insurers Return to Double-Digit Profit Growth

Net income of the nation’s life and health insurers jumped 17.4% in the first six months of 2007 compared to a decline of 0.8% for the year-ago period, according to TheStreet.com Ratings’ quarterly review of 1,048 life and health insurers. TheStreet.com Ratings is a wholly owned subsidiary of TheStreet.com, Inc., a leading provider of financial news and ratings, business and investment content and custom advertising solutions.

Insurers earned $20.9 billion through the second quarter of 2007, up $3.1 billion from $17.8 billion through the second quarter of 2006. The industry has not experienced double-digit income growth since 2004, when it was up 63.2% for the first half of the year.

The Street.com Ratings Announce Life and Health Insurers Return to Double-Digit Profit Growth
Source: Business Wire