Earnings: StanCorp, Genworth, WellPoint

NET REALIZED INVESTMENT CHANGE: $900,000 gain

REVENUE: $689 million

4 Q 2008 Results

NET INCOME: $24 million

NET REALIZED INVESTMENT CHANGE: $54 million loss

REVENUE: $639 million

- StanCorp is the parent of Standard Insurance Company

- The insurance services division is reporting $85 million in pretax income on $506 million in premiums for the latest quarter, compared with $95 million in premiums on $519 million in premiums for the fourth quarter of 2008.

- Group insurance premiums fell 3.1%, to $465 million, because of "the ongoing effects of a highly competitive market and the impact of challenging economic conditions on wage rates and employment levels," StanCorp says.

- Individual disability insurance premiums increased 6.8%, to $41 million.

- StanCorp decreased the discount rate for new long-term disability claim reserves to 4.5%, down from 5.75% in the fourth quarter of 2008. The cut in the discount rate reduced the company's pretax income by about $10 million, the company says.

Genworth Financial Inc., Richmond, Va. (NYSE:GNW)

4 Q 2009 Results

NET INCOME: $75 million

REVENUE: $2.5 billion

4 Q 2008 Results

NET INCOME: $321 million loss

REVENUE: $2.6 billion

- The Genworth long term care insurance business is reporting $49 million in operating income on $63 million in sales for the latest quarter, compared with $54 million in operating income on $64 million in sales for the fourth quarter of 2008.

- At the LTC insurance unit, "profit emergence from favorable new block business growth and higher premiums from the rate increase on old block policies was more than offset by higher claims in the Medicare Supplement line and lower current quarter terminations in the old LTC block," Genworth reports. "Individual LTC sales decreased $3 million year-over-year, primarily reflecting an overall industry decline in LTC new business. Sales on a sequential quarter basis increased $2 million through improvements in sales through brokerage general agencies and financial institutions. "

- Genworth says it has adopted a "targeted annuity strategy."

WellPoint Inc., Indianapolis (NYSE:WLP)

4 Q 2009 Results

NET INCOME: $2.7 billion

HEALTH PLAN MEMBERS: 34 million

OTHER-THAN-TEMPORARY-INVESTMENT-IMPAIRMENT LOSSES: $56 million

REVENUE: $15 billion

4 Q 2008 Results

NET INCOME: $331 million

HEALTH PLAN MEMBERS: 35 million

OTHER-THAN-TEMPORARY-INVESTMENT-IMPAIRMENT LOSSES: $446 million

REVENUE: $15 billion

- Local group health plan enrollment fell 989,000, "primarily due to lapse and in-group enrollment losses resulting from the recession and rise in unemployment," WellPoint says.

- Enrollment in state government health plans fell 259,000 "as the company withdrew from certain programs for which actuarially sound reimbursement could not be obtained."

- The H1N1 flu and the federal health benefits continuation subsidy program contributed to an increase in the ratio of benefits expenses to premium revenue to 83.4%, up from 82% a year earlier.

- WellPoint is taking a $57 million impairment charge in connection with the decision to pull its UniCare subsidiaries out of the commercial health insurance markets in Texas and Illinois.