More life and health insurers and insurance distributors reported earnings this week.
HEALTH
Universal American Corp., Rye Brook, N.Y. (NYSE:UAM)
4Q 2010 Results
NET INCOME: $104 million
REVENUE: $1.4 billion
4Q 2009 Results
NET INCOME: $89 million
REVENUE: $1.2 billion
- Revenue from sales of traditional insurance fell to $74 million, from $80 million.
GOVERNMENT HEALTH
WellCare Health Plans Inc., Tampa, Fla. (NYSE:WCG)
4Q 2010 Results
NET INCOME: $26 million
HEALTH PLAN MEMBERS: 2.2 million
REVENUE: $1.4 billion
4Q 2009 Results
NET INCOME: $11 million
HEALTH PLAN MEMBERS: 2.3 million
REVENUE: $1.6 billion
- WellCare manages health plans for government programs.
- The company’s overall ratio of medical benefits to premium revenue fell to 82.5%, from 86.0%.
Molina Healthcare Inc., Long Beach, Calif. (NYSE:MOH)
4Q 2010 Results
NET INCOME: $18 million
HEALTH PLAN MEMBERS: 1.6 million
REVENUE: $1.1 billion
4Q 2009 Results
NET INCOME: $4.5 million loss
HEALTH PLAN MEMBERS: 1.6 million
REVENUE: $964 million
- Molina manages health plans for government programs.
- The ratio of medical care costs to premium revenue fell to 82.7%, from 87.5%.
HealthSpring Inc., Nashville, Tenn. (NYSE:HS)
4Q 2010 Results
NET INCOME: $51 million
HEALTH PLAN MEMBERS: 304,604
REVENUE: $882 million