NU Online News Service, April 16, 2004, 4:55 p.m. EDT – Strong annuity sales helped the Savings Bank Life Insurance Company of Massachusetts generate strong 2003 profits.[@@]
The Woburn, Mass., life insurer is reporting $13.1 million in net income for 2003 on $294 million in revenue, up from $4.2 million in net income on $261 million in revenue for 2002.