NU Online News Service, Nov. 12, 8:13 a.m. – The Ceres Group Inc., Cleveland, is reporting $7.3 million in net income for the third quarter on $176 million in revenue, compared with $5.6 million in net income on $185 million in revenue for the third quarter of 2001.
The company’s senior segment, which sells Medicare supplement insurance, long-term care insurance, dental insurance, life insurance and annuities, generated $9.3 million in pre-tax income for the quarter on $66 million in net premium revenue, up from $9 million in pre-tax income on $59 million in net premium revenue for the comparable quarter in 2001.