Fixed maturities at amortized cost by asset class are as follows:Fixed Maturitiesdollars in millions BelowInvestment InvestmentGradeGrade TotalCorporate
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Fixed maturities at amortized cost by asset class are as follows:Fixed Maturities(dollars in millions) BelowInvestment InvestmentGradeGrade TotalCorporate bonds $6,583 $856$7,439Redeemable preferred stock*:U.S. 1,063300 1,363Foreign 83 31 114Municipal261--- 261Government-sponsored enterprises 182--- 182Government and agencies 24---24Residential mortgage-backed securities22---22Commercial mortgage-backed securities 16---16Collateralized debt obligations 30 79 109Other asset-backed securities 39---39Total $8,303 $1,266$9,569* Torchmark's redeemable preferred stock portfolio does not include anyperpetual preferreds.The market value of Torchmark's fixed maturity portfolio was $7.3 billion;$2.2 billion lower than amortized cost of $9.6 billion.The $2.2 billion ofnet unrealized losses compares to $1.8 billion at December 31, 2008. Interest on debt declined 3% due to a lower average rate on short-term debt.Investment Portfolio The composition of the investment portfolio at March 31, 2009 is as follows: Invested Assets (dollars in millions)$% of TotalFixed maturities (at amortized cost) $9,569 93%Equities 17---Mortgage loans 17---Investment real estate2---Policy loans3644%Other long-term investments40---Short-term investments2923%Total $10,300100%The investment portfolio contains no securities backed by sub-prime mortgages. Torchmark has no counterparty risk as it is not a party to any credit defaultswaps or other derivatives contracts and does not participate in securitieslending. Quarter Ended March 31, (dollars in millions, except per share data) %20092008 Change Net investment income$169.0$166.81 Required interest: Interest credited on net policyliabilities(73.2)(67.3) 9 Interest on debt(15.6)(16.1)(3) Total required interest (88.8)(83.4) 6 Excess investment income$80.2 $83.4 (4) Per share $0.96 $0.915In the current year quarter, net investment income increased 1% while averageinvested assets increased 3%.The lower percentage increase in incomeoccurred because more cash was held in the first quarter of 2009 than in theyear-ago quarter and the yield on short-term investments was less than 1%compared to 3% in the year-ago quarter.Interest credited on net policyliabilities increased 9% along with a 6% increase in the related liabilities.
Reconciliations between net income and net operating income are shown in theFinancial Summary below. Sales data and agent counts are still presented separately for the LNL and UABranch Office Agencies.LNL Agency producing agents grew to 3,563, up 27%from a year ago, and up 6% during the quarter.Net life sales for the LNLAgency were $13 million, up 27%.UA Branch Office Agency producing agentsfell to 1,567, down 41% from a year ago and down 5% during the quarter.Nethealth sales for UA Branch Office Agency were $6 million, down 74%. Based inStamford, Connecticut, ISG has a proven leadership team with global experiencein information-based services and a track record of creating significant valuefor shareowners, clients and employees. For more, visit Services Group, Inc.Barry Holt, +1-203-517-3110, or for Investors, FrankMartell, +1-203-517-3104, . MCKINNEY, Texas, April 22 /PRNewswire-FirstCall/ -- Torchmark Corporation(NYSE: TMK) reported today that for the quarter ended March 31, 2009, netincome was $.91 per share (after a charge of $.49 per share for impairment ofinvested assets) compared with $1.29 per share for the year-ago quarter.Netoperating income for the quarter was $1.49 per share, a 4% per share increasecompared with $1.43 per share for the year-ago quarter. In November 2007, ISGacquired TPI, the largest sourcing advisory firm in the world. Eastern Time.ISG will host a conference call with investors and analysts on Friday, May 8,2009 at 2:00 p.m Eastern Time.
Dial in details follow:--Participants in the United States call 1-888-211-0193.--International participants call 001-913-312-0412.--Security code to access the call is 9059494.Participants are requested to dial in at least five minutes before thescheduled start time.A recording of the conference call will be accessible on ISG's website() for approximately four weeks following the call.About Information Services Group, Inc.ISG was founded in 2006 to build an industry-leading, high-growth,information-based services company by acquiring and growing businesses inadvisory, data, business and media information services. “It’s unfortunate that sometimes things like this come to an end,” Rangers general manager Glen Sather said.Well, what can you say, an era that saw the Rangers go from laughing stock to Stanley Cup contender has come to pass. But before all is said and done and the Rangers head to Prague to open the season, Mr Sather, PLEASE NOW GET MATS SUNDIN. . STAMFORD, Conn., April 22 /PRNewswire-FirstCall/ -- Information ServicesGroup, Inc. (ISG) (Nasdaq: III, IIIIU, IIIIW) confirmed today that it willrelease its first quarter 2009 financial results on Thursday, May 7, 2009 atapproximately 4:30 p.m. The Company does not undertake toupdate forward-looking statements to reflect circumstances or events thatoccur after the date the forward-looking statements are made. Consolidated Balance SheetsMonarch Financial Holdings, Inc. iRobot`s consumer and military robotsfeature iRobot AWARE robot intelligence systems, proprietary technologyincorporating advanced concepts in navigation, mobility, manipulation andartificial intelligence.
For more information about iRobot, please visit. For iRobot InvestorsCertain statements made in this press release that are not based on historicalinformation are forward-looking statements which are made pursuant to the safeharbor provisions of the Private Securities Litigation Reform Act of 1995. Thispress release contains express or implied forward-looking statements relatingto, among other things, iRobot Corp.'s expectations regarding anticipatedrevenue, Adjusted EBITDA and earnings per share for fiscal year 2009 and for thesecond quarter ending June 27, 2009, and demand for and market acceptance of itsproducts. These statements are neither promises nor guarantees, but are subjectto a variety of risks and uncertainties, many of which are beyond our control,which could cause actual results to differ materially from those contemplated inthese forward-looking statements.
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