The life and health insurers that released earnings this week reported profits.

MetLife Inc., New York (NYSE:MET)
3Q 2010 Results
NET INCOME: $320 million
REVENUE: $12 billion
3Q 2009 Results
NET INCOME: $625 million loss
REVENUE: $10 billion
– MetLife is in the process of acquiring American Life Insurance Company and a related company, Delaware American Life Insurance Company (ALICO), from American International Group Inc., New York (NYSE:AIG). MetLife has removed the warning about “difficult and adverse conditions in the global and domestic capital and credit markets” that was at the top of the list of disclaimers accompanying the second-quarter earnings release. Warnings about the ALICO deal are now at the top of the list, and the number of ALICO warnings has increased to about 15, from 1.
– U.S. annuity sales increased 25%, to $5 billion.
– The net inflow of cash increased to $39 million for group life, up from $28 million, but fell to $193 million, from $210 million, for individual life. Total individual life sales fell to $117 million, from $127 million.

Ameriprise Financial Inc., Minneapolis (NYSE:AMP)
3Q 2010 Results
NET INCOME: $312 million
REVENUE: $2.5 billion
3Q 2009 Results
NET INCOME: $260 million
REVENUE: $2 billion
– Fixed annuities suffered net outflows, but a new RAVA 5 variable annuity and an updated guaranteed minimum withdrawal benefit rider sold well. Annuity persistency has been better.
– Ameriprise executives said during the company’s earnings call that they have concerns about an increase in disability insurance and long term care (LTC) insurance claims. Executives said they believe the increase in disability claims was the result of a random fluctuation. They are responding to the increase in LTC insurance claims by repricing the policies.

Genworth Financial Inc., Richmond, Va. (NYSE:GNW)
3Q 2010 Results
NET INCOME: $122 million
REVENUE: $2.7 billion
3Q 2009 Results
NET INCOME: $45 million
REVENUE: $2.4 billion
– Combined sales of term life and a new “TermUL” product were 68% higher than in the third quarter of 2009.
– Individual long term care insurance sales increased 36%.
– The wealth management unit attracted $461 million in net inflows, increasing total assets under management to about $21 billion.

Symetra Financial Corp., Bellevue, Wash. (NYSE:SYA)
3Q 2010 Results
NET INCOME: $57 million
REVENUE: $486 billion
3Q 2009 Results
NET INCOME: $44 million
REVENUE: $452 billion
– Fixed annuity sales were soft because of a decrease in interest rates, but sales of bank-owned life insurance were strong.

Reinsurance Group of America Inc., Chesterfield, Mo. (NYSE:RGA)
3Q 2010 Results
NET INCOME: $128 million
REVENUE: $2 billion
3Q 2009 Results
NET INCOME: $118 million
REVENUE: $1.8 billion
– U.S. mortality was in line with expectations, and mortality in Canada and the Asian Pacific region was better than expected.

Aflac Inc., Columbus, Ga. (NYSE:AFL)
3Q 2010 Results
NET INCOME: $690 million
REVENUE: $5.4 billion
3Q 2009 Results
NET INCOME: $363 million
REVENUE: $4.5 billion
– Aflac generates a majority of its revenue in Japan and benefited during the latest quarter from the strength of the yen. Overall operating earnings were 16% higher than in the third quarter of 2009; excluding the effects of exchange rate fluctuations, the increase was about 11%.
– In Japan, sales of ordinary life insurance, medical insurance and child endowment products were strong. Sales through the bank channel were also strong.
– In the United States, total new sales fell 5.3%, to $324 million. Recruitment of new sales associates was weak, and sales “continued to reflect weak economic conditions in the United States,” Aflac says.

Assurant Inc., New York (NYSE:AIZ)
3Q 2010 Results
NET INCOME: $142 million
REVENUE: $2.1 billion
3Q 2009 Results
NET INCOME: $145 million
REVENUE: $2.2 billion
– Operating income at the Assurant Health unit increased to $5.3 million, from a $4.8 million net loss in the third quarter of 2009. Individual health insurance premiums were slightly higher.
– Operating income at the Assurant Employee Benefits unit increased to $17 million, from $12 million.
– Employee benefits life insurance mortality rates were favorable, and disability incidence was “very low,” Assurant says.

Torchmark Corp., McKinney, Texas (NYSE:TMK)
3Q 2010 Results
NET INCOME: $115 million
REVENUE: $839 million
3Q 2009 Results
NET INCOME: $101 million
REVENUE: $762 million
– Sales of health insurance through the direct response channel increased 158%, to $2.7 million, and sales of life insurance through the American Income Agency channel increased 15%, to $28 million.
– Medicare Part D prescription drug plans sales increased 83%, to $13 million.
– Sales of life insurance through the direct response sale increased 5%, to $22 million.

CIGNA Corp., Philadelphia (NYSE:CI)
3Q 2010 Results
NET INCOME: $299 million
HEALTH PLAN MEMBERS: 11 million
REVENUE: $5.3 billion
3Q 2009 Results
NET INCOME: $311 million
HEALTH PLAN MEMBERS: 11 million
REVENUE: $4.5 billion
– Health insurance and disability insurance client retention was strong, and sales of a new disability management program went well.

Molina Healthcare Inc., Long Beach, Calif. (NYSE:MOH)
3Q 2010 Results
NET INCOME: $16 million
HEALTH PLAN MEMBERS: 1.6 million
REVENUE: $1 billion
3Q 2009 Results
NET INCOME: $8.6 million
HEALTH PLAN MEMBERS: 1.4 million
REVENUE: $917 million
– Molina runs Medicaid health plans and similar types of government health plans.
– The ratio of medical care costs to premium revenue fell to 84.2%, from 86.7%.
– The medical care ratio of the California plan fell to 80.3%, from 92.3%, because of provider network restructuring and medical management changes that cut inpatient costs, the company says. In Ohio, the ratio fell to 81.2%, from 85.6%, because of a 6% rate increase.

Centene Corp., St. Louis (NYSE:CNC)
3Q 2010 Results
NET INCOME: $23 million
HEALTH PLAN MEMBERS: 1.5 million
REVENUE: $1.1 billion
3Q 2009 Results
NET INCOME: $21 million
HEALTH PLAN MEMBERS: 1.4 million
REVENUE: $1 billion
– Centene has been focusing mainly on managing Medicaid plans, Children’s Health Insurance Program plans and other types of government health program plans.
– The ratio of health benefits to revenue increased to 84.2%, from 83.7%.

Aon Corp., Chicago (NYSE:AON)
3Q 2010 Results
NET INCOME: $2.6 million
REVENUE: $37 million
3Q 2009 Results
NET INCOME: $3.5 million
REVENUE: $35 million
– Aon completed the acquisition of Hewitt Associates Inc. after the end of the quarter.
– Income from continuing consulting operations increased to $54 million, from $33 million.

EHealth Inc., Mountain View, Calif. (Nasdaq:EHTH)
3Q 2010 Results
NET INCOME: $2.6 million
REVENUE: $37 million
3Q 2009 Results
NET INCOME: $3.5 million
REVENUE: $35 million
– The Web-based health insurance brokerage firm says submitted individual and family application volume increased to 143,200 in the latest quarter, up 9% from the total recorded in the third quarter of 2009.
– Membership increased 7%, to 778,800.
– Operating profit margins shrank because the company spent more on marketing, advertising and customer service.