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Life Health > Annuities

Great American Reports Second Quarter Profit

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NU Online News Service, Aug. 2, 4:38 p.m. – Great American Financial Resources Inc., Cincinnati, is reporting $5.6 million in net income for the second quarter on $219 million in revenue, up from $1.9 million in net losses on $197 million in revenue for the second quarter of 2000.

Operating income, which excludes $15 million in losses on investments sold during the quarter, increased 4%, to $20 million.

Great American is a holding company for subsidiaries that sell fixed annuities, equity-indexed annuities, variable annuities, and life, supplemental health and long-term care insurance.


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