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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 13, 2009 at 07:00 PM
A few more life insurers reported earnings this week.
Independence Holding Corp., Stamford, Conn. (NYSE:IHC)
3 Q 2009 Results
NET INCOME: $1.9 million
REVENUE: $93 million
3 Q 2008 Results
NET INCOME: $8.8 million loss
REVENUE: $82 million
– Health claims were higher than IHC had expected. IHC is restructuring its medical stop-loss segment and has terminated relationships with some managing general underwriters.
American Independence Corp., New York (Nasdaq:AMIC)
3 Q 2009 Results
NET INCOME: $401,000
REVENUE: $26 million
3 Q 2008 Results
NET INCOME: $765,000
REVENUE: $30 million
– Tighter underwriting guidelines hurt medical stop-loss revenue.
Presidential Life Corp., Nyack, N.Y., (NASDAQ:PLFE)
3 Q 2009 Results
NET INCOME: $63,000
REVENUE: $60 million
3 Q 2008 Results
NET INCOME: $625,000
REVENUE: $63 million
– Revenue from sales of single-premium deferred annuities has been strong.
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