Life and health earnings reports poured out this week.

LIFE/ANNUITY

Prudential Financial Inc., Newark, N.J. (NYSE:PRU)

2Q 2011 Results

NET INCOME: $867 million

REVENUE: $12 billion

2Q 2010 Results

NET INCOME: $1.1 billion

REVENUE: $11 billion

-A increase in asset-based fees and growth in variable annuity account values helped annuity unit operating income.

- At the individual U.S. life insurance business, mortality experience was better during the latest quarter than it was during the second quarter of 2010.

- Prudential set aside $20 million to increase the reserves backing annuity minimum income and death benefit guarantees.

American International Group Inc., New York (NYSE:AIG)

2Q 2011 Results

NET INCOME: $1.8 billion

REVENUE: $17 billion

2Q 2010 Results

NET INCOME: $2.7 billion loss

REVENUE: $18 billion

- Variable annuity deposits increased 68% from the second quarter of 2010, to $832 million.

Lincoln National Corp., Radnor, Pa. (NYSE:LNC)

2Q 2011 Results

NET INCOME: $325 million

REVENUE: $2.8 billion

2Q 2010 Results

NET INCOME: $255

REVENUE: $2.6 billion

- Individual annuities operating income rose 21%, to $150 million.

- Life insurance sales rose 12%, to $152 million.

Principal Financial Group Inc., Des Moines, Iowa (NYSE:PFG)

2Q 2011 Results

NET INCOME: $258 million

REVENUE: $2.1 billion

2Q 2010 Results

NET INCOME: $134 million

REVENUE: $1.9 billion

- Individual life insurance earnings fell to $24 million in the second quarter, from $26 million in the second quarter of 2010, because of unfavorable mortality rates.

Phoenix Companies Inc., Hartford (NYSE:PNX)

2Q 2011 Results

NET INCOME: $4.4 million

REVENUE: $475 million

2Q 2010 Results

NET INCOME: $10 million

REVENUE: $503 million

- Annuity deposits increased to $191 million in the second quarter, up from $27 million in the second quarter of 2010.

American Equity Investment Life Holding Company, West Des Moines, Iowa (NYSE:AEL)

2Q 2011 Results

NET INCOME: $18 million

CHANGE IN FAIR VALUE OF DERIVATIVES: $22 million loss

REVENUE: $295 million

2Q 2010 Results

NET INCOME: $1.5 million loss

CHANGE IN FAIR VALUE OF DERIVATIVES: $209 million loss

REVENUE: $67 million

FBL Financial Group Inc., West Des Moines, Iowa (NYSE:FFG)

2Q 2011 Results

NET INCOME: $38 million

DERIVATIVE INCOME: $300 thousand

REVENUE: $268 million

2Q 2010 Results

NET INCOME: $22 million

DERIVATIVE INCOME: $54 million loss

REVENUE: $198 million

Universal American Corp., Rye Brook, N.Y. (NYSE:UAM)

2Q 2011 Results

NET INCOME: $4.9 million loss

REVENUE: $577 million

2Q 2010 Results

NET INCOME: $21 million

REVENUE: $875 million

- Universal American sells Medicare health coverage, administrative services for long term care insurance plans and other senior products and services.

- Net results include expenses related to the sale of the company's Medicare Part D prescription drug business. Net income from continuing operations was $7.9 million.

Kansas City Life Insurance Company, Kansas City, Mo. (Nasdaq: KCLI)

2Q 2011 Results

NET INCOME: $11 million

REVENUE: $104 million

2Q 2010 Results

NET INCOME: $ 10 million

REVENUE: $ 107 million

NON-MEDICAL HEALTH

Unum Group Corp., Chattanooga, Tenn. (NYSE:UNM)

2Q 2011 Results

NET INCOME: $230 million

REVENUE: $2.6 billion

2Q 2010 Results

NET INCOME: $210 million

REVENUE: $2.5 billion

- Group disability reported operating income of $78.5 million, down from $84.1 million for the second quarter of 2010 The company says the economic climate and high employment levels led to the decline in premium income.

- Individual disability reported operating income of $10 million, down from $12 million for the second quarter of 2010.

Magellan Health Services Inc., Avon Conn. (Nasdaq:MGLN)

2Q 2011 Results

NET INCOME: $35 million

REVENUE: $742 million

2Q 2010 Results

NET INCOME: $34 million

REVENUE: $698 million

- Magellan manages behavioral health care and other forms of health care, such as radiology services.

HEALTH

Humana Inc, Louisville, Ky. (NYSE:HUM)

2Q 2011 Results

NET INCOME: $460 million

HEALTH PLAN MEMBERS:11 million

REVENUE: $9.3 billion

2Q 2010 Results

NET INCOME: $340 million

HEALTH PLAN MEMBERS: 10 million

REVENUE: $8.6 billion

- The retail benefit ratio decreased to 81.4%, from 81.5%.

- Group commercial medical membership declined 8%, to 1.2 million.

CIGNA Corp., Philadelphia (NYSE:CI)

2Q 2011 Results

NET INCOME: $408 million

HEALTH PLAN MEMBERS: 11 million

REVENUE: $5.5 billion

2Q 2010 Results

NET INCOME: $294 million

HEALTH PLAN MEMBERS: 11 million

REVENUE: $5.3 billion

- Health care segments earnings increased to $280 million on $3.3 billion in premiums and fees, up from $247 million on $3.3 billion in premiums and fees in the second quarter of 2010.

- The disability and life unit earned $88 million on $717 million in premiums and fees, compared with $89 million on $650 million in premiums and fees.

Health Net Inc., Woodland Hills, Calif. (NYSE:HNT)

2Q 2011 Results

NET INCOME: $58 million

HEALTH PLAN MEMBERS: 2.9 million

REVENUE: $2.8 billion

2Q 2010 Results

NET INCOME: $45 million

HEALTH PLAN MEMBERS: 2.9 million

REVENUE: $3.4 billion

- In the commercial market, Health Net is finding that plans with tighter "tailored" networks are doing well.

Coventry Health Care Inc., Bethesda, Md. (NYSE:CVH)

2Q 2011 Results

NET INCOME: $224 million

REVENUE: $3 billion

2Q 2010 Results

NET INCOME: $1 million

REVENUE: $2.9 billion

WellCare Health Plans Inc., Tampa, Fla. (NYSE:WCG)

2Q 2011 Results

NET INCOME: $70 million

HEALTH PLAN MEMBERS: 2.4 million

REVENUE: $1.5 billion

2Q 2010 Results

NET INCOME: $129 million loss

HEALTH PLAN MEMBERS: 2.2 million

REVENUE: $1.3 billion

- WellCare runs health plans for government programs.

Amerigroup Corp., Virginia Beach, Va. (NYSE:AGP)

2Q 2011 Results

NET INCOME: $44 million

REVENUE: $1.5 billion

2Q 2010 Results

NET INCOME: $67 million

REVENUE: $1.4 billion

- Amerigroup runs health plans for government programs.

HealthSpring Inc., Nashville, Tenn. (NYSE:HS)

2Q 2011 Results

NET INCOME: $84 million

REVENUE: $1.4 billion

2Q 2010 Results

NET INCOME: $56 million

REVENUE: $768 million

- HealthSpring runs Medicare Advantage plans and Medicare prescription drug plans and recently acquired Bravo Health, another Medicare plan provider.

- The company's medical loss ratio rose to 79.4%, from 77.9%.for the 2010 second quarter

Triple S Management Corp., San Juan, Puerto Rico (NYSE:GTS)

2Q 2011 Results

NET INCOME: $17 million

REVENUE: $537 million

2Q 2010 Results

NET INCOME: $15 million

REVENUE: $523 million

- Triple-S is the Blue Cross and Blue Shield licensee in Puerto Rico.

DISTRIBUTION

Aon Corp., Chicago (NYSE:AON)

2Q 2011 Results

NET INCOME: $258 million

REVENUE: $2.8 billion

2Q 2010 Results

NET INCOME: $153 million

REVENUE: $1.9 billion

- "Organic revenue in consulting services was flat as growth in global compensation and investment management consulting was offset by a decline in U.S. retirement and health and benefits consulting," Aon says. "Organic revenue in outsourcing was flat as new client wins and growth in point solutions revenue was offset by price compression and a decline in project-related revenue."

Primerica Inc., Duluth, Ga. (NYSE:PRI)

2Q 2011 Results

NET INCOME: $44 million

REVENUE: $275 million

2Q 2010 Results

NET INCOME: $22 million

REVENUE: $234 million

National Financial Partners Corp, New York (NYSE:NFP)

2Q 2011 Results

NET INCOME: $9.5 million

REVENUE: $239 million

2Q 2010 Results

NET INCOME: $12 million

REVENUE: $235 million

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