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M Financial Reports Strong 2003 Results

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NU Online News Service, Feb. 10, 2004, 5:07 p.m. EST – M Financial Group, Portland, Ore., says sales were great in 2003.[@@]

The national financial services marketing consortium increased insurance sales 13%, to $877 million.[@@]

Sales of annuities increased 36%, to $179 million, and sales of long term care insurance increased 25%, to $1.8 million.

Revenue at M Holdings Securities, the group’s broker-dealer, rose only 4%, but proprietary mutual fund assets climbed 48%, to $437.8 million.


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