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LabOne Sells More Underwriting Support Services

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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.

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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%.