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ALL » Topics » Reducing our concentration in fixed annuities and funding agreements may adversely affect reported results

This excerpt taken from the ALL 10-Q filed Nov 6, 2008.

Reducing our concentration in fixed annuities and funding agreements may adversely affect reported results

 

Due to the current capital market conditions, we are evaluating strategies to reduce our concentration in fixed annuities and funding agreements.  Lower new sales of these products, as well as our ongoing risk mitigation and return optimization programs, may lead to lower levels of income which could negatively impact DAC amortization, goodwill impairment testing and insurance reserves deficiency testing.

 

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