NU Online News Service, April 14, 2003, 12:44 p.m. EDT – Savings Bank Life Insurance Company of Massachusetts, Woburn, Mass., is reporting $4.2 million in net income for 2002 on $262 million in revenue, down from $10 million in net income on $236 million in revenue for 2001.
The net results include $8 million in investment losses. Net gain, which excludes those losses, increased to $12 million, from $11 million, Savings Bank Life says.