Moody’s: Insurers’ credit losses declined in 2012
July 9, 2013 by Warren S. Hersch
U.S. life insurance companies’ 2012 statutory credit losses declined in 2012, according to a new report.
Moody’s Investors Service, New York, arrives at this conclusion in a June 2013 report that analyzes the realized investment losses of U.S. life insurers’ bond and commercial mortgage loan (CML) holdings in 2012.
On a statutory basis, Moody’s-rated life insurance companies report average pre-taxed realized bond/preferred stock credit losses in 2012 of 22 basis points (compared to 38 bps in 2011) of fixed income invested assets (excluding CMLs). Click here to read…