More U.S. life insurers, health insurers and insurance distributors took their turn on the hot seat this week.

Lincoln National Corp., Radnor, Pa.

4 Q 2008 Results

NET INCOME: $506 million loss

NET REALIZED INVESTMENT CHANGE: $190 million loss

INTANGIBLES IMPAIRMENT: $166 million

REVENUE: $2.3 billion

4 Q 2007 Results

NET INCOME: $113 million

NET REALIZED INVESTMENT CHANGE: $146 million loss

INTANGIBLES IMPAIRMENT: 0

REVENUE: $2.6 billion

- The company variable annuity hedging program produced a gain of $147 million.

- The company has spent $15 million on severance and related expenses to achieve an estimated $75 million in annual savings. The company hopes to cut enough expenses to reduce annual expenses by another $50 million to $75 million by the end of the year.

- Individual annuities attracted $376 million more cash than they lost, but the net flow of cash into individual annuities was down from $1.8 billion in the fourth quarter of 2007.

Genworth Financial Inc., Richmond, Va.

4 Q 2008 Results

NET INCOME: $321 million loss

RETIREMENT AND PROTECTION OPERATING RESULTS: $189 million loss

NET REALIZED INVESTMENT CHANGE: $89 million loss

REORGANIZATION COSTS: $25 million

REVENUE: $2.6 billion

4 Q 2007 Results

NET INCOME: $178 million

RETIREMENT AND PROTECTION OPERATING RESULTS: $174 million

NET REALIZED INVESTMENT CHANGE: $134 million loss

REORGANIZATION COSTS: 0

REVENUE: $2.8 billion

- Long term care insurance operating income increased to $49 million, from $36 million, but LTC insurance sales fell to $64 million, from $66 million.

- Net operating results for the latest quarter include a $238 million “impairment of all goodwill associated with retirement income lines.”

- Fixed annuity sales more than doubled, to $426 million.

Principal Financial Group Inc., Des Moines, Iowa

4 Q 2008 Results

NET INCOME: $800,000

NET REALIZED CAPITAL CHANGE: $226 million loss

REVENUE: $2.3 billion

4 Q 2007 Results

NET INCOME: $42 million

NET REALIZED CAPITAL CHANGE: $332 million loss

REVENUE: $2.6 billion

- Operating earnings increased to $51 million, from $42 million, at the life and health insurance unit.

- The company notes that it controlled risk by continuing “to limit the size of the variable annuities with guaranteed living benefits business, minimizing the impact of equity markets on life company capital ratios.”

- Principal notes that claims costs at its high-deductible health plans tend to be higher during the fourth quarter than they are during the rest of the year.

Protective Life Corp., Birmingham, Ala.

4 Q 2008 Results

NET INCOME: $16 million loss

NET REALIZED INVESTMENT CHANGE: $73 million loss

REVENUE: $585 million

4 Q 2007 Results

NET INCOME: $61 million

NET REALIZED INVESTMENT CHANGE: $5.7 million loss

REVENUE: $725 million

- Operating income fell to $57 million, from $67 million.

- Annuity sales were strong, and fund flows were positive.

- Stable value products operating income increased to $29 million, from $13 million.

Aetna Inc., Hartford

4 Q 2008 Results

NET INCOME: $195 million

REVENUE: $7.8 billion

NET REALIZED CAPITAL CHANGE: $218 million loss

SEVERANCE AND FACILITY CHARGE: $36 million

MEDICAL MEMBERS: 18 million

4 Q 2007 Results

NET INCOME: $448 million

REVENUE: $7.1 billion

NET REALIZED CAPITAL CHANGE: $9.3 million loss

SEVERANCE AND FACILITY CHARGE: 0

MEDICAL MEMBERS: 17 million

- Revenue at the unit that sells group life, disability and long term care products fell to $494 million, from $544 million, in part because of the lapse of several large group life contracts.

Coventry Health Care Inc., Bethesda, Md.

4 Q 2008 Results

NET INCOME: $88 million

REVENUE: $3 billion

MEDICAL MEMBERS: 4.6 million

4 Q 2007 Results

NET INCOME: $184 million

REVENUE: $2.8 billion

MEDICAL MEMBERS: 4.7 million

National Financial Partners Corp., New York

4 Q 2008 Results

NET INCOME: $11 million loss

REVENUE: $299 million

SAME STORE REVENUE CHANGE: -13%

4 Q 2007 Results

NET INCOME: $19 million

REVENUE: $356 million

SAME STORE REVENUE CHANGE: +7.7%

- Net results for the fourth quarter of 2008 include $31 million in impairments of goodwill and intangible assets.

- Growth in the employee benefits business has helped offset drops in the life insurance and financial advisory businesses.

EHealth Inc., Mountain View, Calif.

4 Q 2008 Results

NET INCOME: $3.6 million

REVENUE: $29 million

COVERAGE APPLICATIONS: 115,600

4 Q 2007 Results

NET INCOME: $22 million

REVENUE: $24 million

COVERAGE APPLICATIONS: 97,900

- Net income for the fourth quarter of 2007 included about $17 million in income tax benefits.