Clear Choice Health Plans Inc. released second-quarter results this week, and the parent company of Jackson National Life Insurance Company discussed the first half.
Clear Choice Health Plans Inc., Bend, Ore.
2 Q 2009 Results
NET INCOME: $56,000 loss
REVENUE: $53 million
2 Q 2008 Results
NET INCOME: $426,000
REVENUE: $54 million
Jackson National Life Insurance Company, Lansing, Mich.
– Jackson National, a unit of Prudential P.L.C., London, did not break out detailed second-quarter results, but its parent company says the stock market rebound and decisions by some insurers to scale back product offerings due to capital constraints created favorable market conditions for companies with strong financial ratings and a “relatively consistent product set” to sell variable annuities.