Life Health > Life Insurance

Ceres Reports 2nd Quarter Net Loss

Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 13, 1:49 p.m. – Ceres Group Inc., Cleveland, is reporting a $3.8 million net loss for the second quarter on $175 million in revenue, compared with $711,000 in net income on $176 million in revenue for the second quarter of 2001.

Ceres, which sells dental insurance, life insurance, annuities, long-term care insurance and Medicare supplement insurance, says products aimed at seniors did well in the second quarter, although the performance of some other operations was disappointing.

More on this topic