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This excerpt taken from the ALL 10-Q filed May 7, 2009. Net loss in the first quarter of 2009 of $327
million compared to $111 million in the same period of 2008. The increase in the net loss of $216 million
was primarily the result of DAC and DSI amortization acceleration for changes
in assumptions, lower investment spread and an increase in the valuation
allowance relating to the deferred tax asset on capital losses, partially
offset by lower realized capital losses.
56
This excerpt taken from the ALL 10-Q filed Nov 6, 2008. Net loss in
the third quarter of 2008 of $196 million compared to net income of $70 million
in the same period of 2007, and
a net loss of $686 million in the first nine months of 2008 compared to net
income of $434 million in the first nine months of 2007. The change in both periods was primarily
the result of the recognition of higher net realized capital losses in the
current year periods compared to the prior year periods.
This excerpt taken from the ALL 10-Q filed Aug 6, 2008. Net loss in the second quarter of 2008 of $379 million compared to net income
of $200 million in the same period of 2007, and a net loss of $490 million in
the first six months of 2008 compared to net income of $364 million in the
first six months of 2007. The change was
the result of the recognition of net realized capital losses in 2008 compared
to net realized capital gains in 2007.
This excerpt taken from the ALL 10-Q filed May 8, 2008. Net loss in
the first quarter of 2008 of $111 million compared to net income of $164
million in the same period of 2007. The
change was mostly the result of the recognition of net realized capital losses
in the first quarter of 2008 compared to net realized capital gains in the
first quarter of 2007.
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