From Wire Studies
U.S. life insurance coverage utility exercise rose three.three% in June 12 months over 12 months, nudging the MIB Life Index above par on a year-to-date foundation for the primary time since final February.
June's efficiency was the strongest month-to-month % achieve of 2019, ending the third consecutive month of slowly growing year-over-year exercise in what was an uneven first six months of 2019, MIB stated in a information launch.
On the shut of the second quarter 2019, the MIB Life Index composite is up Zero.2% for the 12 months. Second-quarter exercise was up 1.5% total over 2Q 2018, offsetting a first-quarter -1.Zero% decline (in comparison with 1Q 2018). June's utility exercise was up 2.2% from that of Could.
Older age life insurance coverage patrons as soon as once more predominated, MIB stated. Whereas nonetheless adverse on the shut of 2Q, utility exercise ages Zero-44 continued to point out enchancment and ages 45-59 stepped up a bit in June.
Software exercise ages Zero-44 had been off -1.three%, ages 45-59 had been up Four.1%, and ages 60+ had been up 15.6% for June 12 months over 12 months. On the second quarter's shut, year-to-date utility exercise ages Zero-44 was off -Four.5%, ages 45-59 rose 1.2%, and ages 60+ surged 12.9%.
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