In some years, its investment earnings did not even cover its grants.

Meanwhile, the investment earnings from the insurance policy accumulate free of taxes.

Both contributions from the government and the investment earnings would accumulate free of taxes.

There was an encouraging increase in net investment earnings at the half year.

There was an encouraging increase in net investment earnings during the quarter.

This year, parents of children who have investment earnings get a small break.

Under his plan, all of an individual's investment earnings would be exempt from taxation.

But at $51 billion before taxes, those investment earnings would be among the industry's better results over the last decade.

Another is that only the investment earnings not the amount converted will then be taxable.

And when investment earnings are added to those from premiums, industry financial records show a profit in 5 of the last 16 years.