Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Earnings: ULLICO, Access Plans

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

ULLICO Inc., a company that focuses on selling insurance to labor organizations, turned a profit in the third quarter.

Here is a summary of the latest earnings news from ULLICO and other companies in the life and health insurance industry:

ULLICO Inc., Washington

3 Q 2008 Results

NET INCOME: $2.1 million

REVENUE: $69 million

3 Q 2007 Results

NET INCOME: $19 million loss

REVENUE: $76 million

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

- Low group life and direct marketing mortality helped the life and health unit increase pretax earnings to $2.6 million, from $1.4 million.

- Revenue was down because of a decision to stop actively marketing group health coverage.

Access Plans USA Inc., Irving, Texas

3 Q 2008 Results

NET INCOME: $828,000 loss

REVENUE: $8.7 million

3 Q 2007 Results

NET INCOME: $7.8 million loss

REVENUE: $7.5 million

- Access Plans is in the process of merging with Alliance HealthCard Inc., Norman, Okla.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.