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Life Health > Life Insurance

Earnings: Life Partners, ULLICO

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The growing interest in life settlements helped results at Life Partners Holdings Inc. during the company’s second quarter.

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

Life Partners Holdings Inc., Waco, Texas

2 Q 2008 Results

NET INCOME: $6.6 million

REVENUE: $26 million

2 Q 2007 Results

NET INCOME: $4.3 million

REVENUE: $18 million

ULLICO Inc., Washington

2 Q 2008 Results

NET INCOME: $2.4 million

REVENUE: $72 million

2 Q 2007 Results

NET INCOME: $5.3 million

REVENUE: $77 million

- ULLICO is the parent of The Union Labor Life Insurance Company and other life and property-casualty insurers that serve labor unions.

- Overall life and health pre-tax earnings fell to $800,000, from $2.1 million, but retirement services earnings increased to $5.6 million, from $3.9 million.


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