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Life Health > Life Insurance

Earnings: StanCorp, UnitedHealth, Molina, Healthways, Brown & Brown, Absolute Life

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Life and health insurers and distributors started to release second-quarter earnings reports this week.

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

2Q 2011 Results

NET INCOME: $19 million

REVENUE: $706 million

2Q 2010 Results

NET INCOME: $41 million

REVENUE: $691 million

- Group insurance claims continued to be high, as they were in the first quarter, and the company says it has increased prices to reflect the changing claims environment.

- Group insurance sales fell to $38 million, from $43 million in the second quarter of 2010.

UnitedHealth Group Inc., Minneapolis, Minn. (NYSE: UNH)

2Q 2011 Results

NET INCOME: $1.3 billion

HEALTH PLAN MEMBERS: 34 million

REVENUE: $25 billion

2Q 2010 Results

NET INCOME: $ 1.1 billion

HEALTH PLAN MEMBERS: 35 million

REVENUE: $23 billion

- Total group and individual commercial enrollment increased 5%, to 26 million.

Molina Healthcare Inc., Long Beach, Calif. (NYSE:MOH)

2Q 2011 Results

NET INCOME: $17 million

REVENUE: $1.2 million

2Q 2010 Results

NET INCOME: $11 million

REVENUE: $1 million

- Molina helps states run Medicaid plans.

- The ratio of medical claims to revenue fell to 84.5% during the latest quarter, from 85.1% during the second quarter of 2010.

Healthways Inc., Nashville, Tenn. (Nasdaq: HWAY)

2Q 2011 Results

NET INCOME: $6 million

REVENUE: $170 million

2Q 2010 Results

NET INCOME: $12 million

REVENUE: $176 million

- Healthways is a wellness and health management company.

Brown & Brown Inc., Daytona Beach, Fla. (NYSE: BRO)

2Q 2011 Results

NET INCOME: $37 million

REVENUE: $247 million

2Q 2010 Results

NET INCOME: $41 million

REVENUE: $244 million

Absolute Life Solutions Inc., New York (OTC BB:ALSO)

2 Q 2011 Results

NET INCOME: $6.3 million

UNREALIZED GAIN ON INVESTMENT IN LIFE SETTLEMENT CONTRACTS, NET OF PREMIUMS PAID AND REALIZED GAIN ON MATURITY OF LIFE SETTLEMENT CONTRACT: $21 million

- Absolute Life, a life settlement company, started operations in mid-2010. The quarter that ended May 31, 2011, was the third full quarter in the company’s 2011 fiscal year.

- The company’s net loss applicable to common shareholders was $12 million.

Other earnings columns from National Underwriter Life & Health:


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