The Marketing Alliance, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2022
September 13, 2022 at 01:40 am IST
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The Marketing Alliance, Inc. reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was USD 0.205661 million compared to USD 0.490147 million a year ago. Revenue was USD 4.38 million compared to USD 6.49 million a year ago.
Net loss was USD 0.243574 million compared to net income of USD 0.65723 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Basic loss per share was USD 0.03 compared to basic earnings per share of USD 0.08 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.