Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Earnings: National Western, ULLICO, Ebix

By staff Writer

X
Your article was successfully shared with the contacts you provided.

More life and life-related companies report second-quarter profits this week.

National Western Life Insurance Company, Austin, Texas (Nasdaq:NWLI)

2 Q 2010 Results

NET INCOME: $21 million

REVENUE: $97 million

2 Q 2009 Results

NET INCOME: $19 million

REVENUE: $141 million

- Annuity sales were 101% higher than in the second quarter of 2009.

- Total life insurance sales increased 13%.

- “The climate for our industry remains very challenging, so it is gratifying to see growth in the midst of the current market environment,” National Western President Ross Moody says.

ULLICO Inc., Washington

2 Q 2010 Results

NET INCOME: $200,000

REVENUE: $86 million

2 Q 2009 Results

NET INCOME: $4.1 million net loss

REVENUE: $78 million

- Ullico is a union-owned company and the parent of Union Labor Life Insurance Company.

- Life and health business unit revenue fell 5%, to $36 million, but the unit is reporting $1.4 million in pre-tax earnings for the quarter, up from a pre-tax loss of $1 million, mainly because of improved medical stop-loss loss ratios, the company says.

Ebix Inc., Atlanta (Nasdaq:Ebix)

2 Q 2010 Results

NET INCOME: $14 million

REVENUE: $32 million

2 Q 2009 Results

NET INCOME: $9 million

REVENUE: $22 million

- The financial services trading exchange and technology company says demand for exchange services was strong despite weakness in the property-casualty and annuity markets and uncertainty in the health insurance industry.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.