The Marketing Alliance, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
December 14, 2022 at 02:40 am IST
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The Marketing Alliance, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 0.724084 million compared to USD 0.215845 million a year ago. Revenue was USD 4.84 million compared to USD 5.75 million a year ago. Net income was USD 0.199015 million compared to USD 0.459245 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago. Basic earnings per share was USD 0.02 compared to USD 0.06 a year ago.
For the six months, sales was USD 0.929745 million compared to USD 0.705992 million a year ago. Revenue was USD 9.22 million compared to USD 12.24 million a year ago. Net loss was USD 0.069059 million compared to net income of USD 1.12 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.1 a year ago. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.14 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. 