Pan-American Life Insurance Group, which provides life and health insurance in Latin America and the U.S. Hispanic market, reports a strong year in 2010. Revenues grew 9.5% to $455 million, while pre-tax operating earnings increased 16% to $30.8 million. Additionally, net income amounted to $34.1 million, a 19% gain, reflecting the continued strong performance of the company’s investment portfolio. Total assets stand at $2.2 billion and GAAP equity grew 11% to $521 million. “Our balance sheet is now even stronger than before the global financial crisis,” says Chairman, President & CEO Jose S. Suquet. “The results that Pan-American Life Insurance Group delivered in 2010 demonstrate that our focused strategy is producing sizable dividends.”
New Orleans insurance company reports strong year
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