51.   Improved capital market conditions will lift investment income, offsetting the lower underwriting result, Allianz said.

52.   Improved capital market conditions will lift investment income, Allianz said.

53.   Investment income was surprisingly strong, said Ryan.

54.   Instead, it is mainly a tax on investment income.

55.   It earns its money on investments, and Bermuda does not tax investment income, so Cigna has moved its corporate parent to Bermuda.

56.   Investment income fell because of lower interest rates and slower growth in assets.

57.   Investment income has increased steadily at Microsoft over at least the past five quarters.

58.   Investment income offset part of the operating loss.

59.   Investment income was also surprisingly strong, said Ryan.

60.   It is hard to feel much sorrow about the demise of the double tax rate on investment income.