Despite the recent economic turmoil, Hartford Financial Services Group Inc. attracted substantially more retirement plan deposits during the second quarter than it attracted during the second quarter of 2007.

Here is a summary of the latest insurance industry earnings news.

Hartford Financial Services Group Inc., Hartford:

2 Q 2008 Results

NET INCOME: $543 million

REVENUE: $7.5 billion

NET REALIZED CAPITAL CHANGE: $282 million loss

2 Q 2007 Results

NET INCOME: $627 million

REVENUE: $7.7 billion

NET REALIZED CAPITAL CHANGE: $243 million loss

- Retirement plan deposits increased 72%, to $2.4 billion. Part of the increase was the result of the acquisition of Sun Life Retirement Services Inc. from Sun Life Financial Inc., Toronto, and Princeton Retirement Group, Atlanta, from Merrill Lynch & Company Inc., New York. But Hartford says the retirement services unit also generated 17% in organic growth.

- Fully insured group benefits sales increased 13%, to $135 million. Fully insured group disability sales increased 35%.

- Variable annuity deposits fell to $2.2 billion, from $3.5 billion, and net outflows of VA assets increased to $1.6 billion, from $419 million.

MetLife Inc., New York

2 Q 2008 Results

NET INCOME: $946 million

REVENUE: $14 billion

NET INVESTMENT CHANGE: $362 million loss

2 Q 2007 Results

NET INCOME: $1.2 billion

REVENUE: $13 billion

NET INVESTMENT CHANGE: $239 million loss

- Institutional revenue was up 16%.

- “Higher pension closeout sales” helped lead to a 65% increase in institutional retirement and savings revenue.

- Annuity operating earnings fell to $146 million, from $270 million, in part because of a deferred acquisition cost adjustment.

- MetLife spent $1.2 billion during the first half on buying back 21 million shares of common stock. The company still has authorization to spend $1.3 billion on buying back its own stock. The company now has 726 million shares of common stock outstanding, down from 764 million in the second quarter of 2007.

Lincoln National Corp., Philadelphia

2 Q 2008 Results

NET INCOME: $125 million

REVENUE: $2.6 billion

REALIZED INVESTMENT CHANGE: $78 million loss

IMPAIRMENT OF INTANGIBLES: $139 million

2 Q 2007 Results

NET INCOME: $376 million

REVENUE: $2.7 billion

NET INVESTMENT CHANGE: $4 million gain

IMPAIRMENT OF INTANGIBLES: 0

- Net flows into individual annuities increased 40%, to $1.6 billion, in part because of improving fixed annuity asset inflows.

- Customers spent $642 million on electing the i4LIFE Advantage retirement income management option, up 9% from the total spent during the second quarter of 2007.

- The MoneyGuard product, a universal life insurance policy with a long-term care rider, experienced strong sales growth.

- Annualized premiums from individual life insurance sales fell 15%, to $153 million, reflecting “weak economic conditions and a competitive pricing environment,” Lincoln says.

Genworth Financial Inc., Richmond, Va.

2 Q 2008 Results

NET INCOME: $109 million loss

REVENUE: $2.4 billion

NET INVESTMENT CHANGE: $518 million loss

2 Q 2007 Results

NET INCOME: $379 million

REVENUE: $2.8 billion

NET INVESTMENT CHANGE: $51 million loss

- Net operating income, a figure that excludes investment losses, fell to $212 million, from $351 million.

- The Genworth retirement and protection unit is reporting $150 million in net operating income on $1.4 billion in revenue, compared with $180 million in net operating income on $1.9 billion in revenue for the second quarter of 2007.

- The long term care insurance unit is reporting $34 million in net operating income and $66 million in sales on $722 million in revenue, compared with $41 million in net operating income and $54 million in sales on $706 million in revenue for the second quarter of 2007. The LTC results reflect “a combination of new business growth, lower expenses, higher terminations and claims development in older blocks,” the company says.

- Growth in LTC insurance sales by career agents offset lower LTC sales by independent agents.

- Life insurance net operating income increased to $87 million, from $75 million.

- “Term life sales decreased 14%, reflecting intense pricing competition,” Genworth says.