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May 06, 2011 at 08:00 PM
Life and health earnings reports continued to pour out onto the wires this week.
LIFE/ANNUITY
MetLife Inc., New York (NYSE:MET)
1Q 2011 Results
NET INCOME: $1 billion
REVENUE: $16 billion
1Q 2010 Results
NET INCOME: $834 million
REVENUE: $13 billion
- U.S. annuity sales were higher 34% higher than in the first quarter of 2010.
Prudential Financial Inc., Newark, N.J. (NYSE:PRU)
1Q 2011 Results
NET INCOME: $608 million
REVENUE: $10 billion
1Q 2010 Results
NET INCOME: $697 billion
REVENUE: $9.2 billion
- Group insurance annualized new business premiums increased to $500 million, from $346 million in the first quarter of 2010.
- Individual life annualized new business premiums fell to $65 million, from $68 million.
American International Group Inc., New York (NYSE:AIG)
1Q 2011 Results
NET INCOME: $473 million
REVENUE: $17 billion
1Q 2010 Results
NET INCOME: $2.4 billion
REVENUE: $19 billion
- The domestic life unit reported $338 million in pretax income on $2 billion in revenue, up from $227 million in pretax income on $2.1 billion in revenue for the first quarter of 2010.
- The domestic retirement unit reported $602 million in pretax income on $1.9 billion in revenue, compared with $100 million in pretax income on $1.9 billion in revenue for the first quarter of 2010.
Hartford Financial Services Group Inc., Hartford (NYSE:HIG)
1Q 2011 Results
NET INCOME: $511 million
REVENUE: $6.3 billion
1Q 2010 Results
NET INCOME: $319 million
REVENUE: $6.3 billion
- Wealth management product sales were strong.
- Individual life sales were 13% higher than in the first quarter of 2010.
- “Elevated disability loss ratios and intense competition” were a challenge for the group benefits business, the company says.
Principal Financial Group Inc., Des Moines, Iowa (NYSE:PFG)
1Q 2011 Results
NET INCOME: $196 million
REVENUE: $2 billion
1Q 2010 Results
NET INCOME: $191 million
REVENUE: $2 billion
- U.S. retirement and investor services product sales were strong.
- Special benefits sales were strong, and individual life sales increased 35%.
Genworth Financial Inc.., Richmond, Va. (NYSE:GNW)
1Q 2011 Results
NET INCOME: $116 million
REVENUE: $1.4 billion
1Q 2010 Results
NET INCOME: $212 million
REVENUE: $1.5 billion
- Long term care insurance sales increased to $65 million, from $56 million.
Protective Life Corp., Birmingham, Ala. (NYSE:PL)
1Q 2011 Results
NET INCOME: $67 million
REVENUE: $837 million
1Q 2010 Results
NET INCOME: $70 million
REVENUE: $792 million
Phoenix Companies Inc., Hartford (NYSE:PNX)
1Q 2011 Results
NET INCOME: $6.1 million loss
REVENUE: $488 million
1Q 2010 Results
NET INCOME: $12 million loss
REVENUE: $544 million
American Equity Investment Life Holding Company, West Des Moines, Iowa (NYSE:AEL)
1Q 2011
NET INCOME: $31 million
REVENUE: $453 million
1Q 2010 Results
NET INCOME: $26 million
REVENUE: $350 million
- Annuity sales increased 58%, to $1.3 billion.
Primerica Inc., Duluth, Ga. (NYSE:PRI) DONE
1Q 2011 Results
NET INCOME: $81 million
REVENUE: $276 million
1Q 2010 Results
