Extract
Alfa Corporation Reports First Quarter 2003 Results.
Business Editors
MONTGOMERY, Ala.--(BUSINESS WIRE)--April 16, 2003 Alfa Corporation (Nasdaq/NM:ALFA) today announced financial results for the three months ended March 31, 2003. Operating income for the quarter was $19,896,969, or $0.25 per diluted share, compared with operating income of $17,879,100, or $0.23 per diluted share for the first quarter of 2002, an increase of 10.4% on a per share basis. Net income, which includes net realized investment gains and losses, was $18,729,628, or $0.23 per diluted share for the first quarter of 2003, compared with $18,468,147, or $0.23 per diluted share for the first quarter of 2002, an increase of 0.6%. Premiums and policy charges for the first quarter of 2003 increased 8.1% to $129,187,339. Alfa's Chairman, President and Chief Executive Officer, Jerry A. Newby, said, "Alfa Corporation...See the full content of this document
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