NU Online News Service, Feb. 6, 5:24 p.m. – UnumProvident Corp., Portland, Maine, is reporting $124 million in net income for the fourth quarter of 2000 on $2.3 billion in revenue, compared with $150 million in net income on $2.3 billion in revenue for the fourth quarter of 2000.
Net results for the latest quarter include $19 million in investment losses and a $5.4 million write-off of goodwill connected with operations in Argentina, the company says.
Excluding unusual losses and charges, operating income would have increased to $151 million, from $149 million, UnumProvident says.