The first life and health insurers to report first-quarter earnings reported profits.

StanCorp Financial Group Inc., Portland, Ore. (NYSE:SFG)

1 Q 2010 Results

NET INCOME: $50 million

REVENUE: $679 million

1 Q 2009 Results

NET INCOME: $33 million

REVENUE: $686 million

- Group insurance sales increased to $155 million, from $100 million.

- Overall group insurance premiums fell 4%, to $466 million. “The decrease in premiums reflected the ongoing effects of challenging economic conditions on wage rates and job growth,” according to StanCorp, the parent of Standard Insurance Company. “The increase in sales for the first quarter of 2010 compared to the first quarter of 2009 reflected strong demand for the company’s products and services, including a number of new and enhanced offerings.”

- Total premiums for individual disbability insurance fell to about $40 million, from $58 million, but the individual disability benefits ratio, or percentage of premiums going to pay claims, fell to 61.2%, from 72.2%.

UnitedHealth Group Inc., Minnetonka, Minn. (NYSE:UNH)

1 Q 2010 Results

NET INCOME: $1.2 billion

HEALTH PLAN MEMBERS: 24.5 million

REVENUE: $23 billion

1 Q 2009 Results

NET INCOME: $984 million

HEALTH PLAN MEMBERS: 25.4 million

REVENUE: $22 billion

- UnitedHealth saw a decrease of 900,000 people served in the commercial benefits market, “principally reflecting the significant decline in U.S. employment over the past year.”

- The ratio of medical claims to premiums fell to 79.1%, from 81.5%, in part because of a lighter-than-expected flu and “increasingly effective clinical engagement programs,” the company says.