Sentences with phrase «weaker investment income»
The New York - based insurer reported a 21 percent decline in first - quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income.
https://www.reuters.com/
AIG's profit fell 21 percent due to higher catastrophe claims and weaker investment income, while Prudential got a profit boost from its annuities business.
Not exact matches
Nouriel Roubini, one of a handful of economists said to have foreseen the financial crisis, counts 10 things that could cause trouble, if they aren't doing so already, including the bursting of asset - price bubbles, unusually weak business investment, and extreme income inequality.
PARIS (Reuters)- BNP Paribas, France's biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, as a weaker dollar and sluggish fixed income trading impacted investment banking revenues.
Join Prudential Fixed Income's investment professionals as they discuss how a tightening Fed amid a weak global backdrop...
Investment income usually subsidizes insurance companies; they lose money on underwriting on average, and when the pricing cycle is weak, they lose substantial amounts.