The Marketing Alliance, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2023
September 29, 2023 at 04:05 pm EDT
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The Marketing Alliance, Inc. reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was USD 0.180802 million compared to USD 0.205661 million a year ago. Revenue was USD 4.11 million compared to USD 4.38 million a year ago.
Net income was USD 0.139508 million compared to net loss of USD 0.243574 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Basic earnings per share was USD 0.02 compared to basic loss per share of USD 0.03 a year ago.
Marketing Alliance, Inc. is a consortium of independent life insurance general agents located throughout the United States. The Company provides the benefits of pooled production and resources, including access to carriers and services. The Company, through a subsidiary, provides construction, heavy equipment and trenching services in Iowa. Its business includes life insurance, annuity and long-term care insurance. It provides its members with a comprehensive multi-level approach to their annuity business. It offers Individual Long Term Care Insurance, Group Long Term Care, Linked Benefit Products (Linked to Life Insurance or an Annuity), Underwriting Guidelines, Marketing Materials and others. It has built a disability insurance portfolio of products to serve the clients of its distributorsâ brokers. It also offers Mutual of Omaha Medicare Supplement products. Its subsidiaries include TMA Marketing, Inc., TMA Realty, Inc., TMA Play Pines, Inc., TMA Play Gastonia, Inc. and others.
THE MARKETING ALLIANCE, INC. 