“In a review of 2013 year end statutory financial statements of 765 life and annuity insurers, Weiss Ratings found the effective tax rate of the largest 25 insurers by asset size was negative 8.4 percent. The effective rate for the overall industry, including the top 25 insurers, was 15 percent. This is an industry of giants with $6.1 trillion in assets; comparable to China’s 2010 Gross Domestic Product (GDP). The top 25 generated $96.6 billion in investment income during 2013. The largest insurers took more risk with the bond portfolios, investing 6 percent in junk bonds compared with the average of just 2.9 percent invested in junk.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Grooveshark co-founder Josh Greenberg found dead at 28
Homicide convictions upheld for faith-healer parents whose daughter died
Second California county joins push to form state of ‘Jefferson’
Anti-Muslim Bigots Are “Useful Idiots” for ISIS
The Business of War: SOFEX
Write A House Is Giving Writers Free Homes In Detroit
Sweden’s War on Cash: News from the Frontlines
Former Fed Chair: 'We Are Running Out Of Buffer In The Economy'
Senators Demand that Banks Be Punished – but Not the Fed
After Crackdown, a New Bitcoin King Emerges in China
German Family Seeking Asylum to Continue Homeschooling Kids in US Fights Deportation
The Real Cyprus Template (the one you're not supposed to notice)
Colorado: Court Endorses Handcuffing of Innocent Motorists During Robbery Search
Germany recognizes Bitcoin as a “private money,” subject to capital gains tax
Feds Steal $35K From Small Grocer's Bank Account Despite 'No Violations'