Many life and health insurers and distributors released earnings reports this week.

LIFE/ANNUITY/MULTILINE

Ameriprise Inc., Minneapolis (NYSE:AMP)

1Q 2011 Results

NET INCOME: $223 millionMoney, to symbolize earnings

REVENUE: $2.7 billion

1Q 2010 Results

NET INCOME: $296 million

REVENUE: $2.3 billion

- Operating net revenue per advisor increased to $95,000, up 23% from the average recorded in the first quarter of 2010.

- Variable annuity sales through the Ameriprise channel were strong.

- “The company discontinued sales of variable annuities through non-Ameriprise channels in the fourth quarter of 2010 to further strengthen the risk return characteristics of the business,” the company says.

Lincoln National Corp., Radnor, Pa. (NYSE:LNC)

1Q 2011 Results

NET INCOME: $339 million

REVENUE: $2.7 billion

1Q 2010 Results

NET INCOME: $283 million

REVENUE: $2.5 billion

- Individual annuity operating income increased to $147 million, from $119 million in the first quarter of 2010, and annuity account values increased 14%.

Torchmark Corp., McKinney, Texas (NYSE:TMK)

1Q 2011 Results

NET INCOME: $106 million

REVENUE: $829 million

1Q 2010 Results

NET INCOME: $122 million

REVENUE: $846 million

- Life insurance premium revenue increased 4%, to $431 million.

Symetra Financial Corp., Bellevue, Wash. (NYSE:SYA)

1Q 2011 Results

NET INCOME: $55 million

REVENUE: $491 million

1Q 2010 Results

NET INCOME: $46 million

REVENUE: $453 million

- Income annuity sales fell to $65 million, from $66 million in the first quarter of 2010; income annuity operating income increased to $8.9 million, from $6.4 million.

REINSURANCE

Reinsurance Group of America Inc., Chesterfield, Mo. (NYSE:RGA)

1Q 2011 Results

NET INCOME: $51 million

REVENUE: $13 billion

1Q 2010 Results

NET INCOME: $289 million

REVENUE: $12 billion

- Net derivatives losses increased to $1.5 billion in the latest quarter, from $782 million in the fourth quarter of 2009.

- U.S. retirement product fees increased 23%.

- U.S. variable annuity sales climbed 38%, to $5.1 billion, and total annuity sales increased 28%.

- Revenue from corporate benefit funding fell to $513 million, from $930 million, partly because fewer companies needed products for backing terminated pension plans.

DISABILITY/SPECIALTY HEALTH

Aflac Inc., Columbus, Ga. (NYSE:AFL)

1Q 2011 Results

NET INCOME: $395 million

REVENUE: $5.1 billion

1Q 2010 Results

NET INCOME: $636 million

REVENUE: $5.1 billion

- Net results for the latest quarter include the effects of efforts to reduce the level of risk in the investment portfolio.

- Sales were strong in Japan despite the effects of the Great Tohoku Earthquake.

- U.S. premium revenue increased 2.5%, to $1.2 billion.

Assurant Inc., New York (NYSE:AIZ)

1Q 2011 Results

NET INCOME: $142 million

REVENUE: $2.0 billion

1Q 2010 Results

NET INCOME: $157 million

REVENUE: $2.2 billion

- Net earned premiums, fees and other revenue fell 9% at Assurant Health, to $435 million, and 6% at Assurant Employee Benefits, to $274 million.

- The health unit had to revamp its product line due to changes resulting from the federal Patient Protection and Affordable Care Act of 2010 (PPACA).

Universal American Corp., Rye Brook, N.Y. (NYSE:UAM)

1Q 2011 Results

NET INCOME: $32 million loss

REVENUE: $1.2 billion

1Q 2010 Results

NET INCOME: $1.4 million

REVENUE: $1.5 billion

- The company now has completed selling its Part D Medicare business to CVS Caremark Corp., Woonsocket, R.I.

Magellan Health Services Inc., Avon, Conn. (Nasdaq:MGLN)

1Q 2011 Results

NET INCOME: $34 million

REVENUE: $693 million

1Q 2010 Results

NET INCOME: $25 million

REVENUE: $728 million

- Magellan manages behavioral health care and other forms of health care, such as radiology services.

- Radiology benefits management increased to $109 million, from $89 million in the first quarter of 2010.

StanCorp Financial Group Inc., Portland, Ore. (NYSE:SFG)

1Q 2011 Results

NET INCOME: $24 million

REVENUE: $718 million

1Q 2010 Results

NET INCOME: $85 million

REVENUE: $679 million

- Group long-term disability claims (LTD) incidence increased.

- The company increased the discount rate for new LTD claim reserves to 5.5%, from 5%, by using tax-advantaged investments with higher yields, the company says.

- Annualized premiums from new group insurance sales increased to $160 million, from $155 million.

HEALTH INSURANCE

WellPoint Inc., Indianapolis (NYSE:WLP)

1Q 2011 Results

NET INCOME: $927 million

HEALTH PLAN MEMBERS: 34 million

REVENUE: $15 billion

1Q 2010 Results

NET INCOME: $877 million

HEALTH PLAN MEMBERS: 34 million

REVENUE: $15 billion

- The benefit expense ratio increased to 81.1% for the latest quarter, from 81.8% for the first quarter of 2010.

- National commercial health plan enrollment was up, but individual and local group enrollment was down.

Aetna Inc., Hartford (NYSE:AET)

1Q 2011 Results

NET INCOME: $586 million

HEALTH PLAN MEMBERS: 1.5 million

REVENUE: $8.4 billion

1Q 2010 Results

NET INCOME: $563 million

HEALTH PLAN MEMBERS: 1.5 million

REVENUE: $8.6 billion

- Excluding prior-period development, the medical benefit ratio fell to 81.8%, from 84.6%.

Coventry Health Care Inc., Bethesda, Md.. (NYSE:CVH)

1Q 2011 Results

NET INCOME: $110 million

HEALTH PLAN MEMBERS: 3.4 million

REVENUE: $3.0 billion

1Q 2010 Results

NET INCOME: $97 million

HEALTH PLAN MEMBERS: 3.2 million

REVENUE: $2.9 billion

- The medical loss ratio fell 82.6%, from 82.3%.

GOVERNMENT HEALTH PROGRAMS

HealthSpring Inc., Nashville, Tenn. (NYSE:HS)

1Q 2011 Results

NET INCOME: $44 million

HEALTH PLAN MEMBERS: 10 million

REVENUE: $1.4 billion

1Q 2010 Results

NET INCOME: $34 million

HEALTH PLAN MEMBERS: 10 million

REVENUE: $760 million

- HealthSpring runs Medicare Advantage plans and Medicare prescription drug plans.

- The Medicare Advantage medical loss ratio increased to 80.5%, from 78.3% for the first quarter of 2010.

Centene Corp., St. Louis (NYSE:CNC)

1Q 2011 Results

NET INCOME: $23 million

HEALTH PLAN MEMBERS: 1.5 million

REVENUE: $1.2 billion

1Q 2010 Results

NET INCOME: $24 million

HEALTH PLAN MEMBERS: 1.5 million

REVENUE: $1.1 billion

- Centene specializes in running Medicaid plans and other government health plans.

- The health benefits ratio fell to 83%, from 84% in the first quarter of 2010.

DISTRIBUTION

Aon Corp., Chicago (NYSE:AON)

1Q 2011 Results

NET INCOME: $255 million

REVENUE: $2.7 billion

1Q 2010 Results

NET INCOME: $186 million

REVENUE: $1.9 billion

- The human resources unit increased operating income to $123 million, from $49 million in the first quarter of 2010.

EHealth Inc., Mountain View, Calif. (Nasdaq:EHTH)

1Q 2011 Results

NET INCOME: $2 million

REVENUE: $38 million

1Q 2010 Results

NET INCOME: $3.2 million

REVENUE: $36 million

- EHealth runs the ehealthinsurance.com website.

- Site membership increased to 801,200 at the end of the quarter, up 6% from the total recorded a year earlier.

- Individual and family application submission volume fell 12%, to 119,000.

- Allison Bell

Other life insurer earnings coverage from National Underwriter Life & Health: