Highline Data Analysis Shows fiscal year P & C Industry Net Income Down 67.7%, the bulk loss in net realized capital totaled $ 51.7 billion ... CAMBRIDGE, Massachusetts, March 5

Highline Data Analysis Shows fiscal year P & C Industry Net Income Down 67.7%, the bulk loss in net realized capital totaled $ 51.7 billion in 2008

CAMBRIDGE, Massachusetts, March 5 / PRNewswire / - The nation's top 100 property and casualty insurers ended 2008 with net income levels not seen in over seven years, while the top 100 life insurers unprecedented losses suffered in unrealized capital, according to Highline.

Highline Data 2008 Top 100 Performance Monitor showed a 67.7 per cent over the year decline in net income in 2008 across the industry from the top of the insurers of dollars, against 48 , 8 billion to 15.8 billion dollars. The last time the top property and casualty insurers reported a net annual decline of this magnitude was in 2001, when losses from the attack of September 11 and multiple hurricanes.

The Performance Monitor has also revealed a surprising decline in unrealized capital gains (losses) among the top 100 life insurers, a 2007 gain of $ 1.4 billion to a loss of $ 51.7 billion December 31, 2008. This precipitate compared to the year in the decline of life sciences has been fueled by sharp drops in stock values. Capital paid in, however, instead of the surplus fell to 4.7%.

The 2008 Top 100 Performance Monitor has been made possible by Highline Data unprecedented 48 hours of delivery of key financial data of the Law of the annual financial statements of all the top 100 insurers, net premiums, classified in writing, and 98 of the top 100 life insurers, ranked by total net assets (two companies have received filing extensions). Highline Data was once again the first company to offer each year the insurance industry statutory financial data on the market this year to accelerate delivery of data from 2008.

More results from Performance reveal other worrying signs for the insurance industry being in 2009, including the decline in excess of 11.3% for property and casualty insurers and 4.7% for life insurers. P & C have also experienced an increase in the combined ratio of 94% in 2007 to 102% in 2008. Life companies reported a return on equity of -0.3% in 2008, which was a decrease of 12.8% in 2007.

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           DATA TOP 2008 Highline 100 PERFORMANC E MONITOR KEY FINDINGS

      Property & Casualty Insurance Life Insurance
                 Industry Industry

                    Every year same period last year
                        Change
      -67.7% Net income of the general account assets of 3.2%
      -4.9% Assets separate -28.1%
      Surplus Surplus -4.7% -11.3%
      Net premiums
       Won 0.3% of net premiums of 2.4%
      The net losses of 13.4% Net Investment Income -4.3%
      LAE -1.5% Net operating -74.9%
      Combined ratio 102.3% * Net unrealized
                                    Capital losses - $ 51.7 billion *

      * Refers to the 2008 figure, and not from year to year percent change.



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SOURCE Highline Data

CONTACT: MEDIA, Regina Marie Glick, +1-201-526-1252, rglick@highlinedata.com, or the sale, toll free, +1-877-299-9424 or +1-617-441-5976, all of Highline Data
Copyright © 2009 PR Newswire Highline Data Analysis Shows fiscal year P & C Industry Net Income Down 67.7%, the bulk loss in net realized capital totaled $ 51.7 billion in 2008 CAMBRIDGE, Mass.