A few more U.S. insurers — and several non-U.S. insurers that use a reporting format similar to the U.S. format – have come out with earnings.
UNITED STATES
Independence Holding Company, Stamford Conn. (NYSE:IHC)
3Q 2010 Results
NET INCOME: $5 million
REVENUE: $108 million
3Q 2009 Results
NET INCOME: $1.9 million
REVENUE: $93 million
- A drop in the bond portfolio yield hurt investment income, but the overall portfolio now has a realized gain, rather than an unrealized loss.
- The company believes implementation of the Affordable Care Act will create opportunities for its medical stop-loss business.
American Independence Corp., New York (Nasdaq:AMIC)
3Q 2010 Results
NET INCOME: $868,000
REVENUE: $22 million
3Q 2009 Results
NET INCOME: $401,000
REVENUE: $26 million
CANADA
Manulife Financial Corp., Toronto (NYSE:MFC)
3Q 2010 Results
NET INCOME: Canadian $899 million loss
REVENUE: Canadian $13 billion
3Q 2009 Results
NET INCOME: Canadian $138 million loss
REVENUE: Canadian $14 billion
