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February 25, 2011 at 07:00 PM
A few more life and health insurers have released their earnings.
LIFE AND ANNUITY
American International Group Inc., New York (NYSE:AIG)
4Q 2010 Results
NET INCOME: $12 billion
REVENUE: $21 billion
4Q 2009 Results
NET INCOME: $9 billion loss
REVENUE: $19 billion
- In the United States, AIG’s SunAmerica financial unit is reporting $1.3 billion in pretax income on $4.9 billion in premiums, deposits and other considerations for the fourth quarter of 2010, compared with $670 million in pretax income on $5.3 billion in premiums, deposits and other considerations for the fourth quarter of 2009.
- SunAmerica life sales and deposits increased to $496 million, from $437 million, with term life sales increasing to $27 million, from $20 million, and universal life sales increasing to $34 million, from $28 million.
- SunAmerica deferred annuity sales and deposits increased to $256 million, from $196 million.
CNO Financial Group Inc., Carmel, Ind. (NYSE:CNO)
4Q 2010 Results
NET INCOME: $168 million
REVENUE: $1.1 billion
4Q 2009 Results
NET INCOME: $18 million
REVENUE: $1.1 billion
- Washington National sales of supplemental health products, such as hospital indemnity insurance, increased 15%, to $18 million.
American Equity Investment Life Holding Company, West Des Moines, Iowa (NYSE:AEL)
4Q 2010 Results
NET INCOME: $9 million
REVENUE: $484 million
4Q 2009 Results
NET INCOME: $36 million
REVENUE: $385 mllion
- Net realized gains on investments, excluding other than temporary impairment losses, fell to $1.5 million in the latest quarter, from about $41 million in the fourth quarter of 2009.
- Annuity sales increased 73% in the fourth quarter, to $1.5 billion, net of coinsurance.
- The company’s investment spread margin was 3.14% over the cost of money. American Equity says it has responded to falling rates by cutting rates on new annuities and now is starting to see its own yields rise again.
MULTILINE
American National Insurance Company, Galveston, Texas (Nasdaq:ANAT)
4Q 2010 Results
NET INCOME: $36 million
REVENUE: $784 million
4Q 2009 Results
NET INCOME: $35 million
REVENUE: $786 million
GOVERNMENT HEALTH
Amerigroup Corp., Virginia Beach, Va. (NYSE:AGP)
4Q 2010 Results
