The Top 50 Owe The Tax Man More

Connolly, Jim
April 2005
National Underwriter / Life & Health Financial Services;4/11/2005, Vol. 109 Issue 14, p10
The article informs that according to 2004 data from the National Association of Insurance Commissioners annual database compiled as of March 15 by National Underwriter Insurance Data Services/Highline Data life and health insurers are incurring more in federal and foreign income taxes. The findings do not include taxes on capital gains. These top 50 companies reported incurring $9.27 billion in taxes in 2004, a 77% increase from 2003's $5.25 billion. That increase follows a 113% rise in 2003 from 2002's $2.46 billion. The last decline in taxes paid was 9% in 2002 over 2001's $2.72 billion.


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