The Marketing Alliance, Inc. Reports Earnings Results for the Full Year Ended March 31, 2023
July 27, 2023 at 01:45 am IST
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The Marketing Alliance, Inc. reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was USD 2.02 million compared to USD 1.03 million a year ago. Revenue was USD 17.94 million compared to USD 23.69 million a year ago.
Net income was USD 0.653219 million compared to USD 2.62 million a year ago. Basic earnings per share was USD 0.08 compared to USD 0.32 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.