RBC CM: Reducing Estimates of Life Insurance Cos on Disclosed Credit Exposures

RBC Capital Markets, 22 September 2008EPS estimates of Life Insurance Companies lowered for the second time in a weekQ3/08 estimates down to reflect exposures to AIG/LEH/WaMuWe have lowered our Q3/08 earnings per share estimates on disclosed credit exposures to Lehman Brothers and AIG, while Manulife and Industrial Alliance have also communicated their exposures to Washington Mutual.� We estimate