An increase in life and health operating profits helped results at Principal Financial Group Inc. during the second quarter.
Here is a summary of the latest life and health insurance industry earnings news:
Principal Financial Group Inc., Des Moines, Iowa
2 Q 2008 Results
NET INCOME: $177 million
REVENUE: $2.7 billion
NET CAPITAL CHANGE: $112 million loss
2 Q 2007 Results
NET INCOME: $312 million
REVENUE: $2.8 billion
NET CAPITAL CHANGE: $55 million gain
- Strong individual life and individual disability results helped increase life and health operating earnings to $67 million, from $60 million.
- U.S. assets under management in the asset accumulation operation held steady at $173 billion.
Health Net Inc., Woodland Hills, Calif.
2 Q 2008 Results
NET INCOME: $77 million
REVENUE: $3.8 billion
MEDICAL MEMBERS: 3.8 million
2 Q 2007 Results
NET INCOME: $92 million
REVENUE: $3.5 billion
MEDICAL MEMBERS: 3.7 million
- Cash flow fell to negative $80 million, from positive $136 million, because of litigation settlement and operations strategy payments and fluctuations in Medicare Part D prescription drug program payments.
Triple-S Management Corp., San Juan, Puerto Rico.
2 Q 2008 Results
NET INCOME: $12 million
REVENUE: $437 million
MEDICAL MEMBERS: 993,609
2 Q 2007 Results
NET INCOME: $21 million
REVENUE: $392 million
MEDICAL MEMBERS: 980,521
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