ULLICO Inc., a company that focuses on selling insurance to labor organizations, turned a profit in the third quarter.
Here is a summary of the latest earnings news from ULLICO and other companies in the life and health insurance industry:
ULLICO Inc., Washington
3 Q 2008 Results
NET INCOME: $2.1 million
REVENUE: $69 million
3 Q 2007 Results
NET INCOME: $19 million loss
REVENUE: $76 million
- ULLICO is the parent of The Union Labor Life Insurance Company and other life and property-casualty insurers that serve labor unions.
- Low group life and direct marketing mortality helped the life and health unit increase pretax earnings to $2.6 million, from $1.4 million.
- Revenue was down because of a decision to stop actively marketing group health coverage.
Access Plans USA Inc., Irving, Texas
3 Q 2008 Results
NET INCOME: $828,000 loss
REVENUE: $8.7 million
3 Q 2007 Results
NET INCOME: $7.8 million loss
REVENUE: $7.5 million
- Access Plans is in the process of merging with Alliance HealthCard Inc., Norman, Okla.
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