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InsWeb Reports Smaller 4th Quarter Loss

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NU Online News Service, Jan. 30, 12:12 p.m. – InsWeb Corp., Sacramento, Calif., is reporting a $6 million net loss for the fourth quarter of 2002 on $6.4 million in revenue, compared with a $25 million net loss on $6.3 million in revenue for the fourth quarter of 2001.

The Web-based insurance broker ended 2002 with $29 million in cash and short-term investments, down from $36 million a year earlier.