Investment income across the insurance sector has been lifted by the robust performance of fixed-income securities, which are delivering steady and strong returns during a high interest rate environment. Meanwhile, firming bets on a soft landing for the U.S. economy drove a rally across major Wall Street indexes at the end of 2023 helping investment portfolios.
The McKinney, Texas-based company said quarterly net investment income rose 6% to $271.61 million compared to the year-ago quarter.
Net operating income was at $2.80 per diluted share in the three months ending Dec. 31, compared with $2.55 last year.
Source: Economy - investing.com
