Filed Under:Health Insurance, Medicare

Earnings Results: Aflac, Ameriprise, Assurant Genworth, Principal, Symetra

(AP Photo/Richard Drew)
(AP Photo/Richard Drew)

Aflac Inc., Columbus, Ga. (NYSE: AFL) reported fourth quarter 2011 revenue of $6.0 billion, a 12.9% rise compared with $5.3 billion in the fourth quarter of 2010. Net earnings totaled $546 million, or $1.17 per diluted share, compared with $437 million, or $.92 per share, a year ago.  

Operating earnings in the fourth quarter were $691 million, compared with $628 million in the fourth quarter of 2010. Operating earnings per diluted share rose 11.3% to $1.48 in the quarter, compared with $1.33 a year ago.

Total revenues were up 6.9% to $22.2 billion, compared with $20.7 billion a year ago. Net earnings were $2.0 billion, or $4.18 per diluted share, compared with $2.3 billion, or $4.95 per share, in 2010.

Operating earnings for the full year were $3.0 billion, or $6.33 per diluted share, compared with $2.6 billion, or $5.53 per diluted share, in 2010.

Ameriprise Financial, Inc., Minneapolis (NYSE: AMP), reported fourth quarter 2011 operating earnings of $312 million, or $1.33 per diluted share, compared to $340 million, or $1.31 per diluted share, a year ago. Net income from continuing operations attributable to Ameriprise Financial for the fourth quarter of 2011 was $240 million, or $1.02 per diluted share, compared to $306 million, or $1.18 per diluted share, a year ago.

On a full-year basis, the company delivered “record” operating earnings and net revenues driven by strong growth in its fee-based advisory and asset management businesses. Compared to 2010, operating net revenues grew 10 percent to $10.1 billion, operating earnings grew 4 percent to $1.2 billion, and operating earnings per diluted share increased 10 percent to $5.00.

Assurant, Inc., New York (NYSE: AIZ) reported net operating income of $154.3 million, or $1.65 per diluted share, compared to fourth quarter 2010 net operating income of $115.8 million, or $1.08 per diluted share. Assurant’s net operating income for the year totaled $444.7 million, or $4.55 per diluted share, compared to $560.1 million, or $5.02 per diluted share in 2010.

Net income for 2011 was $545.8 million, or $5.58 per diluted share, compared to $279.2 million, or $2.50 per diluted share in 2010. After-tax net realized gains were $21.1 million in 2011, compared to $31.5 million in 2010.

Genworth Financial, Inc., Richmond, Va. (NYSE: GNW), reported net income of $107 million or $0.22 per diluted share for the fourth quarter of 2011. This compares with a net loss of $161 million, or $0.33 per diluted share, in the fourth quarter of 2010. Genworth’s net operating income for the fourth quarter of 2011 was $86 million, or $0.17 per diluted share, compared with a net operating loss of $135 million, or $0.28 per diluted share, in the fourth quarter of 2010.

Principal Financial Group, Inc. (NYSE: PFG), Des Moines, Iowa, reported net income available to common stockholders of $682.0 million, or $2.15 per diluted share for the twelve months ended Dec. 31, 2011, compared to $666.3 million, or $2.06 per diluted share for the twelve months ended Dec. 31, 2010. Operating revenues for the year 2011 were $8,325.1 million compared to $8,041.9 million for the same period last year.

The company reported operating earnings of $217.1 million for the three months ended Dec. 31, 2011, compared to $214.1 million for the three months ended Dec. 31, 2010. Operating earnings per diluted share (EPS) were $0.71 for the three months ended Dec. 31, 2011, compared to $0.66 for the three months ended Dec. 31, 2010.

The company reported net income available to common stockholders of $164.0 million, or $0.54 per diluted share for the three months ended Dec. 31, 2011, compared to $199.3 million, or $0.62 per diluted share for the three months ended Dec. 31, 2010. Operating revenues for the fourth quarter 2011 were $2,103.1 million compared to $2,106.5 million for the same period last year.

Symetra Financial Corporation, Bellevue, Wash. (NYSE: SYA), reported fourth quarter 2011 net income of $74.2 million, or $0.54 per diluted share. This compares with $62.2 million, or $0.45 per diluted share, in fourth quarter 2010. For full-year 2011, Symetra produced net income of $199.6 million, or $1.45 per diluted share, compared with $200.9 million, or $1.48 per diluted share, in 2010.

Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting

Provided by LIFEHEALTHPRO

Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.