L/H Impairments bounced in 2007.The life/health industry's financial impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. results for 2007 represent a bounce off exceptionally low results in 2006. The impairment trend may have reached the bottom of the trough Trough The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. , due to a deteriorating de·te·ri·o·rate v. de·te·ri·o·rat·ed, de·te·ri·o·rat·ing, de·te·ri·o·rates v.tr. To diminish or impair in quality, character, or value: economy. (A.M. Best Special Report, L/H Impairments Bounce Off '06 Low, May 26, 2008) [GRAPHIC OMITTED] |
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