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GE Financial Earnings Fall

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NU Online News Service, Jan. 17, 10:54 a.m. – The GE Financial Assurance unit of General Electric Company, Fairfield, Conn., will report about $236 million in earnings for the fourth quarter of 2002, down from $249 million for the fourth quarter of 2001, the company says.

Productivity at the unit, which sells life insurance, long-term care insurance and related products, was up, but investment spreads were down, GE says.