Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

LabOne Sells More Underwriting Support Services

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 5, 2004, 5:36 p.m. EDT

LabOne Inc., Lenexa, Kan., sold more insurance underwriting support services during the second quarter.[@@]

The laboratory services company is reporting $6.3 million in net income for the latest quarter on $117 million in revenue, up from $5 million in net income on $84 million in revenue for the second quarter of 2003.

Although volume at the unit that processes applicant lab tests for life insurers, disability insurers and other insurers was up only 1%, paramedical exam volume was up 23%, LabOne says.

Volume at a unit that sells “other insurance services,” such as teleunderwriting, increased 47%.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.