Life Insurance Cos are Trading Close to Trough Levels

RBC Capital Markets, 11 March 2008Shares of lifecos are trading close to trough levels after having fallen considerably in 2008 - down 5% in the past week, and almost 17% year-to-date. We believe that valuations are such that adding to lifeco positions at current levels has more upside potential than downside risk in spite of the difficult macro environment.� The YTD decline is worse than the 13%