Torchmark Corp. is hoping new producers will help its earnings.[@@]
Torchmark, Birmingham, Ala., is reporting $119 million in net income for the third quarter on $621 million in revenue, compared with $124 million in net income on $616 million in revenue for the third quarter of 2004.
First-year life sales were up at some distribution units but down 28% at an agency that serves military personnel, Torchmark says.