- Net loss of $2.4 billion driven by mark-to-market impact of lower equity markets and lower interest rates in the quarter - reserves for non-cash losses expected to mostly reverse in the future, if interest rates increase and markets recover faster than the long-term growth rates used in the valuation of policy liabilities - Underlying business performed well: - Continued to re-balance the business mix with strong growth in high-return businesses - Asia insurance sales increased 30 per cent,...
Full Story: Insurance Newsnet
