Pan-American Life Reports Continued Income Growth In 2014
Strong Performance across All Core Business Lines
Revenues grew 8 percent to
“I am very encouraged by the strong organic growth we have experienced across all our lines of business in all of our jurisdictions,” said
Total sales for 2014 closed at
Key growth drivers include continuous product development, geographic expansion, and strengthening of the company’s operational and service platforms. Additionally, a number of key initiatives put in place over the years have produced positive returns, among them, Pan-American Life’s
“There is no better reflection of the cumulative impact of our successful initiatives than the fact that in 2014 each one of our three main businesses , Global Life,
2014 financial and sales highlights follow:
2014 Financial Highlights
- Total Assets:
$3.3 billion - Total Equity:
$659 million est. - Net Income:
$49 million est. - Total Revenues:
$704 million
2014 Sales Highlights
- Overall sales in 2014 increased 9 percent
- Global Life showed a 5 percent increase
International Group increased 14 percent- Domestic Markets grew by 4 percent, led by 10 percent growth in U.S. Benefits
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