Book values are unchanged from last week. The S&P 500 Banks Index implied book value continues to show a 32 percent aggregate decline from December 31, 2007. The Guy Carpenter Global Composite’s implied book value remains down 15 percent. As the composite is an index of 141 carriers from around the world, the 15 percent decrease indicates that global insurance industry capital could be down by a similar amount relative to year-end 2007.(Chart after the jump)

Compare to last week’s results >>