Many life, health and distribution companies reported earnings this week, and most posted profits.

LIFE AND ANNUITY

Prudential Financial Inc., Newark, N.J. (NYSE:PRU)

2 Q 2010 Results

NET INCOME: $1.1 billion

REVENUE: $8.7 billion

2 Q 2009 Results

NET INCOME: $163 million

REVENUE: $6.3 billion

- Net U.S. variable annuity sales increased to $3.5 billion, from $2 billion.

- Total U.S. annuity account value increased to $87 billion, from $68 billion.

Hartford Financial Services Group Inc., Hartford (NYSE:HIG)

2 Q 2010 Results

NET INCOME: $76 million

REVENUE: $3.3 billion

2 Q 2009 Results

NET INCOME: $15 million loss

REVENUE: $7.6 billion

- Retirement plan deposits increased 12%, to $2 billion, and retirement plan assets increased 13%, to $44 billion.

- U.S. annuity assets increased 1%, to $88 billion.

Ameriprise Financial Inc., Minneapolis (NYSE:AMP)

2 Q 2010 Results

NET INCOME: $398 million

REVENUE: $2.6 billion

2 Q 2009 Results

NET INCOME: $87 million

REVENUE: $1.9 billion

- The number of advisors fell 7%, to 11,684, because low-producing advisors left. The productivity of the remaining advisors increased 32%.

Principal Financial Group Inc., Des Moines, Iowa (NYSE:PFG)

2 Q 2010 Results

NET INCOME: $144 million

REVENUE: $2.2 billion

2 Q 2009 Results

NET INCOME: $164 million

REVENUE: $2.2 billion

- Terry Lillis, chief financial officer, says the economy looks stronger. “Sales pipelines continue to build, and retirement plan terminations continue to decline, suggesting increasing stability among small and medium-sized businesses,” Lillis says. “And in specialty benefits, premium and fees increased sequentially for the first time since fourth quarter 2008.”

Protective Life Corp., Birmingham, Ala. (NYSE:PL)

2 Q 2010 Results

NET INCOME: $41 million

REVENUE: $712 million

2 Q 2009 Results

NET INCOME: $91 million

REVENUE: $785 million

- Annuity sales increased to $738 million, from $610 million.

The Phoenix Companies Inc., Hartford (NYSE:PNX)

2 Q 2010 Results

NET INCOME: $10 million

REVENUE: $528 million

2 Q 2009 Results

NET INCOME: $14 million

REVENUE: $519 million

- Annuity deposits increased to $27 million, from $18 million.

FBL Financial Group Inc., West Des Moines, Iowa (NYSE:FBL)

2 Q 2010 Results

NET INCOME: $22 million

DERIVATIVE INCOME: $54 million loss

REVENUE: $198 million

2 Q 2009 Results

NET INCOME: $24 million

DERIVATIVE INCOME: $17 million gain

REVENUE: $304 million

- Farm Bureau Life unit variable annuity sales increased 19%.

Primerica Inc., Duluth, Ga. (NYSE:PRI)

2 Q 2010 Results

NET INCOME: $36 million

REVENUE: $234 million

2 Q 2009 Results

NET INCOME: $198 million

REVENUE: $548 million

- Primerica went public April 1.

- Operating revenue increased to $234 million in the latest quarter, from $227 million in the second quarter of 2009.

- The life licensed sales force fell 2.9%, to 60,406, but the number of recruits increased about 14%.

American Equity Investment Life Holding Company, West Des Moines, Iowa (NYSE:AEL)

2 Q 2010 Results

NET INCOME: $1.5 million loss

CHANGE IN FAIR VALUE OF DERIVATIVES: $209 million loss

REVENUE: $67 million

2 Q 2009 Results

NET INCOME: $9 million

CHANGE IN FAIR VALUE OF DERIVATIVES: $30 million gain

REVENUE: $279 million

- The indexed annuity player says its investment spread – the difference between what it pays annuity holders and what it earns on its own investments – increased to 3.23 percentage points, from 2.97.

- The company helped win the battle to keep the U.S. Securities and Exchange Commission from regulating indexed annuities as securities, but it also registered its first SEC-registered indexed annuity contract during the quarter.

Presidential Life Corp., Nyack, N.Y. (Nasdaq:PLFE)

2 Q 2010 Results

NET INCOME: $1.7 million

REVENUE: $61 million

2 Q 2009 Results

NET INCOME: $1.6 million loss

REVENUE: $59 million

- Investment spreads widened to 0.86 percentage points, from 0.7% percentage points.

DISABILITY

Unum Group Corp., Chattanooga, Tenn. (NYSE:UNM)

2 Q 2010 Results

NET INCOME: $210 million

REVENUE: $2.5 billion

2 Q 2009 Results

NET INCOME: $267 million

REVENUE: $2.6 billion

- Colonial Life operating income increased 3.6%, to $74 million.

- Unum US group disability operating income increased 23%, to $84 million, partly because the ratio of benefits to premiums fell to 84.6%, from 87%.

- Group disability claim recoveries were up; group long-term and short-term disability claims were also up.

- Sales of new group long-term disability plans fell 41%, to $32 million, and sales of new group short-term disability plans fell 12%, to $17 million.

- Group disability premium revenue fell 3.8%, to $521 million.

- Group life and accidental death and dismemberment insurance fell 25%, to $40 million; overall premium revenue increased 2%, to $298 million.

HEALTH

Humana Inc., Louisville, Ky. (NYSE:HUM)

2 Q 2010 Results

NET INCOME: $599 million

HEALTH PLAN MEMBERS: 10 million

REVENUE: $17 billion

2 Q 2009 Results

NET INCOME: $487 million

HEALTH PLAN MEMBERS: 10 million

REVENUE: $16 billion

- Commercial health care services utilization and rates were higher. The ratio of benefits payments to premiums fell 5.2 percentage points, to 80.8%.

CIGNA Corp., Philadelphia (NYSE:CI)

2 Q 2010 Results

NET INCOME: $294 million

HEALTH PLAN MEMBERS: 11 million

REVENUE: $5.3 billion

2 Q 2009 Results

NET INCOME: $435 million

HEALTH PLAN MEMBERS: 11 million

REVENUE: $4.5 billion

- Health care segment earnings increased to $247 million on $3.3 billion in premiums and fees, from $177 million on $2.9 billion in premiums and fees. Utilization was lower than expected.

- The disability and life unit earned $89 million on $650 million in premiums and fees, compared with $90 million on $661 million in premiums and fees.

Health Net Inc., Woodland Hills, Calif. (NYSE:HNT)

2 Q 2010 Results

NET INCOME: $45 million

HEALTH PLAN MEMBERS: 2.9 million

REVENUE: $3.4 billion

2 Q 2009 Results

NET INCOME: $16 million

HEALTH PLAN MEMBERS: 3.6 million

REVENUE: $3.4 billion

- Commercial health care cost trends were better than Health Net had expected.

Molina Healthcare Inc., Long Beach, Calif. (NYSE:MOH)

2 Q 2010 Results

NET INCOME: $11 million

HEALTH PLAN MEMBERS: 1.5 million

REVENUE: $999 million

2 Q 2009 Results

NET INCOME: $15 million

HEALTH PLAN MEMBERS: 1.4 million

REVENUE: $928 million

- A less severe flu season helped the public health plan manager hold down medical costs.

- Molina is selling 4 million shares of common stock to pay off money it has borrowed through a credit facility.

DISTRIBUTION

National Financial Partners Corp., New York (NYSE:NFP)

2 Q 2010 Results

NET INCOME: $12 million

REVENUE: $235 million

2 Q 2009 Results

NET INCOME: $10 million

REVENUE: $224 million

- NFP created a large distribution organization by acquiring many previously independent firms. During the latest quarter, “revenue increases at existing firms largely offset the declines stemming from dispositions,” the company says.

The Marketing Alliance Inc., St. Louis (Pink Sheets:TMA)

2 Q 2010 Results

NET INCOME: $1.5 million

REVENUE: $4.8 million

2 Q 2009 Results

NET INCOME: $1.2 million

REVENUE: $5.8 million

- The weak economy hurt revenue at the insurance brokerage support services firm, but the average gross profit margin on the products sold during the quarter increased to 47.5%, from 42.2%.