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References in periodicals archive ?
The success was immediate, with UPI's annualized new premium skyrocketing from $800,000 to $3 million, Wilhelm says.
MARKET ACTIVITY 2007 Percent Change In Annualized New Premium -20 or less 7 -19 to -10 3 -9.9 to -5 3 -4.9 to -.1 1 0 to 4.9 3 5 to 9.9 4 10 19.9 2 20 or more 6 Percent change * * Growth from same period prior year IN ITS SURVEY of 29 LTC insurance companies, LIMRA found that insures had double-digit sales increases last year and 6 of those had sales that rose 20% or more over the previous year.
According to LIMRA International, annualized new premium of individual LTC insurance declined 28% in the third quarter of 2004 compared to the same period the year before.
Despite an environment where, as reported by LIMRA International, annualized new premium declined 28% in the 3rd quarter of 2004 from the same period a year earlier, these professionals still have confidence about the industry's prospects.
MARKET ACTIVITY 2004 SALES--Voluntary Annualized New Premium Sales ($000,000) Year-to-date Current quarter LIFE 246 97 HEALTH 488 223 TOTAL 327 744 Percent Change Year-to-date Current quarter LIFE 3 24 HEALTH 4 4 TOTAL 4 11 Source: LIMRA International Note: Table made from bar graph.
GROWTH LINE VARIABLE UNIVERSAL LIFE MARKET SHARE SLIDES (Annualized New Premium) * '85 1% '86 3% '87 7% '88 7% '89 6% '90 6% '91 5% '92 7% '93 10% '94 13% '95 12% '96 17% '97 20% '98 25% '99 28% '00 33% '01 30% '02 22% '03 15% * Annualized premium excludes excess (dump-in) premiums on universal and variable universal life plans; includes 10% of single premium; excludes large-case corporate-owned life insurance.
GROWTH LINE VARIABLE UNIVERSAL LIFE MARKET SHARE SLIDES (Annualized New Premium) * * Annualized premium excludes excess (dump-in) premiums on universal and variable universal life plans; includes 10% of single premium; excludes large-ease corporate-owned life insurance.
Annualized new premium sales - a measure of new business activity - rose 11% to $3.7 billion.
"Total annualized new premium for the industry was approximately $3.1 billion," states Doug Feekin, ASA, MAAA, principal and consulting actuary for the firm.
From 1976 to 2007, total annualized new premium grew on average 4.6% per year.
Philam Life's victory shows the company's outstanding performance in consistently achieving its growth targets on the Value of New Business (VONB) and Annualized New Premiums (ANP) for the year.