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Portfolio > Economy & Markets > Fixed Income

Earnings: Nationwide, FBL, IHC, American Independence, Hooper Holmes, Ebix

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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

- Roy Thung, the chief executive officer, says the medical stop-loss market seems to be hardening.

American Independence Corp., New York. (Nasdaq:AMIC)

1Q 2011 Results

NET INCOME: $1.1 million

REVENUE: $22 million

1Q 2010 Results

NET INCOME: $1 million

REVENUE: $23 million

Hooper Holmes Inc., Basking Ridge, N.J. (NYSE Amex:HH)

1Q 2011 Results

NET INCOME: $57,000 loss

REVENUE: $41 million

1Q 2010 Results

NET INCOME: $704,000 loss

REVENUE: $42 million

Ebix Inc., Atlanta (Nasdaq:Ebix)

1Q 2011 Results

NET INCOME: $15 million

REVENUE: $40 million

1Q 2010 Results

NET INCOME: $12 million

REVENUE: $32 million

- Allison Bell

Other Earnings Coverage from National Underwriter Life & Health:


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