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Cotton States Feels Effects Of Low Rates

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NU Online News Service, Aug. 7, 2003, 12:13 p.m. EDT – Cotton States Life Insurance Company, Atlanta, is reporting $1.6 million in net income for the second quarter on $13 million in revenue, compared with $1.7 million in net income on $12 million in revenue for the second quarter of 2002.

Although low interest rates hurt net income by reducing returns on Cotton States’ investments, sales were solid, the company says.