An acquisition and strong disability claims management helped profits at CIGNA Corp. during the second quarter.

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

CIGNA Corp., Philadelphia

2 Q 2008 Results

NET INCOME: $303 million

REVENUE: $4.9 billion

REALIZED INVESTMENT CHANGE: $19 million loss

MEDICAL MEMBERS: 12 million

2 Q 2007 Results

NET INCOME: $284 million

REVENUE: $4.4 billion

REALIZED INVESTMENT CHANGE: $11 million loss

MEDICAL MEMBERS: 9.8 million

- The health care unit is reporting $181 million in after-tax earnings for the quarter on $3 billion in revenue, compared with 168 million in after-tax earnings on $2.7 billion in revenue for the second quarter of 2007.

- The acquisition of Great-West Healthcare helped increase medical membership and added $16 million in health care earnings.

- Favorable disability insurance claims contributed to an increase in disability and life division earnings to $73 million, from $68 million.

- Excluding the effects of the Great-West acquisition, medical membership will grow about 1%.

Universal American Corp., Rye Brook, N.Y.

2 Q 2008 Results

NET INCOME: $28 million

REVENUE: $1.2 billion

NET REALIZED INVESTMENT CHANGE: $13 million loss

2 Q 2007 Results

NET INCOME: $22 million

REVENUE: $703 million

NET REALIZED INVESTMENT CHANGE: $300,000 loss

- The Medicare Advantage private fee-for-service and Medicare Part D prescription plans did well. Private FFS pre-tax income increased to $33 million, from $20 million, and Part D income increased to $11 million, from $9.2 million.

- The senior administrative services unit, which includes CHCS Services, is reporting $6.4 million in income for the quarter, up from $5.5 million in income for the second quarter of 2007.

American Financial Group Inc., Cincinnati

2 Q 2008 Results

NET INCOME: $60 million

REVENUE: $1 billion

REALIZED INVESTMENT CHANGE: $63 million loss

2 Q 2007 Results

NET INCOME: $67 million

REVENUE: $1.1 billion

REALIZED INVESTMENT CHANGE: $14 million gain

- Retirement annuity premiums increased to $530 million, from $439 million.

- Indexed annuity premiums fell 32%, to $199 million.

- Fixed annuity premiums increased 24%, to $157 million.

Kansas City Life Insurance Company, Kansas City, Mo.

2 Q 2008 Results

NET INCOME: $1.7 million

REVENUE: $98 million

2 Q 2007 Results

NET INCOME: $12 million

REVENUE: $110 million

- Net investment losses totaled $8.4 million.

- Sales were strong, and immediate annuity premiums increased 29%.

- Group life sales increased 62%.