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:
- Earnings: Presidential Life, Security National, Scottish Re
- Earnings: Nationwide, FBL, IHC, American Independence, Hooper Holmes, Ebix
- Earnings: MetLife, Prudential, AIG, Hartford, Principal, Genworth, Protective, FBL, American Equity, Phoenix, Primerica, Unum, CNO, CIGNA, Humana, Coventry, Centene, Health Net, Triple-S, NFP, Brown
- Earnings: Ameriprise, Lincoln, Torchmark, Symetra, RGA, Aflac, Assurant, Universal, Magellan, StanCorp, WellPoint, Aetna, Coventry, HealthSpring, Centene, Aon, EHealth
- Earnings: UnitedHealth, Molina
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