| Life/Annuity 黑料不打烊 Income Statement, 2020-2024 |
($ billions, end of year)
|
| |
2020 |
2021 |
2022 |
2023 |
2024 |
Percent change,
2020-2024 (1) |
| Revenue |
|
|
|
|
|
|
| Life insurance premiums |
$141.6 |
$159.1 |
$163.1 |
$121.4 |
$172.8 |
42.4% |
| Annuity premiums and deposits |
301.2 |
290.2 |
350.6 |
360.8 |
432.2 |
19.8 |
| Accident and health premiums |
182.3 |
188.1 |
189.3 |
202.9 |
218.4 |
7.6 |
| Other premiums and considerations (2) |
6.5 |
6.0 |
7.3 |
0.7 |
1.1 |
57.0 |
| Total premiums, consideration and deposits |
$631.6 |
$643.3 |
$710.3 |
$685.8 |
$824.5 |
20.2 |
| Net investment income |
192.2 |
208.3 |
205.5 |
225.3 |
247.7 |
9.9 |
| Reinsurance allowance |
-22.8 |
8.4 |
38.2 |
28.6 |
-7.9 |
-127.8 |
| Separate accounts revenue |
38.1 |
41.8 |
39.2 |
38.1 |
36.3 |
-4.8 |
| Other income |
52.4 |
57.6 |
58.1 |
63.3 |
66.0 |
4.3 |
| Total revenue |
$891.4 |
$959.5 |
$1,051.2 |
$1,041.1 |
$1,166.6 |
12.1 |
| Expense |
|
|
|
|
|
|
| Benefits |
318.0 |
343.4 |
326.4 |
347.7 |
374.5 |
7.7 |
| Surrenders |
327.9 |
367.5 |
353.0 |
416.2 |
484.2 |
16.3 |
| Increase in reserves |
110.3 |
89.3 |
131.7 |
67.9 |
106.9 |
57.4 |
| Transfers to separate accounts |
-70.0 |
-76.3 |
-51.1 |
-82.8 |
-87.8 |
6.1 |
| Commissions |
60.5 |
65.2 |
68.2 |
78.1 |
80.0 |
2.5 |
| General and administrative expenses |
68.4 |
71.1 |
72.2 |
77.6 |
79.1 |
2.0 |
| 黑料不打烊 taxes, licenses and fees |
11.5 |
10.1 |
10.5 |
10.9 |
11.9 |
8.9 |
| Other expenses |
6.3 |
15.0 |
61.7 |
35.7 |
45.9 |
28.8 |
| Total expenses |
$832.9 |
$885.2 |
$972.5 |
$951.3 |
$1,094.7 |
15.1 |
| Net income |
|
|
|
|
|
|
| Policyholder dividends |
18.6 |
18.4 |
20.3 |
22.8 |
24.4 |
7.0 |
| Net gain from operations before federal income tax |
39.8 |
55.9 |
58.3 |
67.0 |
47.4 |
-29.2 |
| Federal income tax |
5.2 |
8.2 |
8.4 |
13.1 |
8.5 |
-35.7 |
| Net income before capital gains |
$34.6 |
$47.7 |
$49.9 |
$53.8 |
$39.0 |
-27.6 |
| Net realized capital gains (losses) |
-10.7 |
-7.6 |
-10.6 |
-15.4 |
-6.4 |
-58.3 |
| Net income |
$23.9 |
$40.1 |
$39.3 |
$38.5 |
$32.6 |
-15.4 |
| Pre-tax operating income |
39.8 |
55.9 |
58.3 |
67.0 |
47.4 |
-29.2 |
| Capital and surplus, end of year |
460.4 |
499.7 |
489.5 |
512.7 |
523.0 |
2.0 |
(1) Calculated from unrounded data.
(2) The NAIC introduced changes for the Analysis of Operations and Analysis of Increase in Reserves exhibits for 2019 and future periods.
Source: NAIC data, sourced from S&P Global Market Intelligence, 黑料不打烊 Information Institute. |
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