Several more companies in the life insurance industry and related industries released earnings this week.
Nationwide Mutual Insurance Company, Columbus, Ohio
1Q 2011 Results
NET INCOME: $512 million
REVENUE: $5.2 billion
1Q 2010 Results
NET INCOME: $396 million
REVENUE: $5.1 billion
- The financial services unit is reporting $128 million in operating income for the latest quarter on $4.8 billion in premiums and deposits, up from $114 million in operating income on $4.3 billion in premiums and deposits for the first quarter of 2010.
FBL Financial Group Inc., West Des Moines, Iowa (NYSE:FFG)
1Q 2011 Results
NET INCOME: $26 million
REVENUE: $291 million
1Q 2010 Results
NET INCOME: $18 million
REVENUE: $269 million
- The Farm Bureau Life distribution channel traditional annuity sales increased 52%; variable annuity sales fell 27%, because of a company decision to discontinue variable annuity sales.
Independence Holding Company, Stamford, Conn. (NYSE:IHC)
1Q 2011 Results
NET INCOME: $3.2 million
REVENUE: $104 million
1Q 2010 Results
NET INCOME: $16 million
REVENUE: $116 million