The Marketing Alliance, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2020
March 15, 2021 at 08:30 am EDT
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The Marketing Alliance, Inc. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was USD 8.047 million compared to USD 7.818 million a year ago. Operating income was USD 581,519 compared to USD 679,376 a year ago. Net income was USD 462,708 compared to USD 156,933 a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.02 a year ago. For the nine months, total revenue was USD 23.805 million compared to USD 23.680 million a year ago. Operating income was USD 1.934 million compared to USD 1.699 million a year ago. Net income was USD 1.347 million compared to USD 555,836 a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.07 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. 