NU Online News Service, Aug. 5, 2003, 5:06 p.m. EDT – The MONY Group Inc., New York, is reporting $21 million in net income for the second quarter on $604 million in revenue, up from an $11 million net loss on $513 million in revenue for the second quarter of 2002.
MONY benefited from strong sales of life insurance and $44 million in sales of a fixed annuity product that was introduced in mid-2002.