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Life Health > Health Insurance

Earnings: NIM, Health Benefits Direct

By Staff Writer

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Company executives say solid growth at operations held for more than a year helped results at National Investment Managers Inc. during the second quarter.

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

National Investment Managers Inc., Dublin, Ohio

2 Q 2008 Results

NET INCOME: $339,684

REVENUE: $12 million

2 Q 2007 Results

NET INCOME: $902,737 loss

REVENUE: $10 million

- National Investment, a retirement plan administration and investment management company, says it now administers $11 billion in assets for about 10,500 retirement plans.

Health Benefits Direct Corp., Radnor, Pa.

2 Q 2008 Results

NET INCOME: $1.3 million loss

REVENUE: $6.4 million

2 Q 2007 Results

NET INCOME: $2.7 million loss

REVENUE: $5.1 million

- Health Benefits Direct, a health insurance sales and marketing company, says it started to generate revenue from sales of its Insurint agent health insurance sales tool.

- Telephone sales fell, but the company says it reduced telesales operating by closing a New York sales office and cutting expenses in a Florida sales office.

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