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

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

2 Q 2010 Results

NET INCOME: $41 million

REVENUE: $691 million

2 Q 2009 Results

NET INCOME: $56 million

REVENUE: $694 million

- Group insurance sales increased to $43 million, from $35 million.

- The ratio of benefits to premium revenue increased to 79.9%, from 74.2%, mainly because of an increase in long-term disability insurance incidence rates in the education and manufacturing sectors. “Claims experience within other industry sectors of the company’s long-term disability business was within the company’s expected range,” StanCorp says.

- The benefit ratio for the company’s relatively small block of individual disability insurance business increased to 66.1%, from 50%.

- Asset management income increased to $13 million before taxes, from $7.7 million, because of a combination of increased revenue and lower operating expenses.

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

2 Q 2010 Results

NET INCOME: $2.3 billion

HEALTH PLAN MEMBERS: 32.5 million

REVENUE: $23 billion

2 Q 2009 Results

NET INCOME: $1.8 billion

HEALTH PLAN MEMBERS: 32.1 million

REVENUE: $22 billion

- In the health benefits unit, “the year-over-year revenue advance was driven by growth of 1.1 million people served across the public and senior markets in the past year, partially offset by a year-over-year decrease of 0.4 million people served in the commercial benefits market, largely due to the significant decline in U.S. employment in 2009,” the company says.

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