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Great American States Higher 3rd Quarter Results

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NU Online News Service, Oct. 21, 2004, 11:00 a.m. EST

Great American Financial Resources Inc. reports net income of $47 million for the 3rd quarter of 2004 on $135 million in revenues.[@@]

The figures are up from the 3rd quarter of 2003, when it reported $20 million in net income on $127 million in revenues.

First American, Cincinnati, says premiums rose more than 10% in the third quarter of 2004 over the same period last year due mostly to increased sales of its fixed annuities.

The company markets fixed and variable annuities as well as supplemental, long term care and life insurance through Great American Life Insurance Company, Annuity Investors Life Insurance Company, United Teacher Associates Insurance Company and other subsidiaries.