2000 Three Months Ended
March 31, June 30, September 30, December 31,
(In thousands)
Total revenue $ 70,770 $ 71,826 $ 71,469 $ 70,026
Total benefits, claims & other expenses 61,956 62,990 63,203 62,876
Operating income (loss) before
income taxes 8,814 8,836 8,266 7,150
Federal income tax expense 3,155 3,207 2,853 966
Net income applicable to common
shareholders $ 5,659 $ 5,629 $ 5,413 $ 6,184
Basic earnings per share $ 0.12 $ 0.12 $ 0.12 $ 0.13
Diluted earnings per share $ 0.12 $ 0.12 $ 0.12 $ 0.13
1999 Three Months Ended
March 31, June 30, September 30, December 31,
(In thousands)
Total revenue $ 13,850 $ 14,713 $ 50,188 $ 69,385
Total benefits, claims & other expenses 12,783 13,640 45,002 60,655
Operating income (loss) before
income taxes 1,067 1,073 5,186 8,730
Federal income tax expense 356 371 1,953 3,563
Net Income 711 702 3,233 5,167
Redemption accrual on Series C
Preferred Stock 180 - - -
Net income applicable to common
shareholders $ 531 $ 702 $ 3,233 $ 5,167
Basic earnings per share $ 0.07 $ 0.07 $ 0.10 $ 0.12
Diluted earnings per share $ 0.05 $ 0.05 $ 0.09 $ 0.11
1998 Three Months Ended
March 31, June 30, September 30, December 31,
(In thousands)
Total revenue $ 13,815 $ 14,331 $ 14,068 $ 13,875
Total benefits, claims & other expenses 13,040 13,071 13,050 12,996
Operating income (loss) before
income taxes 775 1,260 1,018 879
Federal income tax expense 242 450 346 286
Net Income 533 810 672 593
Redemption accrual on Series C
Preferred Stock 108 109 108 109
Net income applicable to common
shareholders $ 425 $ 701 $ 564 $ 484
Basic earnings per share $ 0.06 $ 0.09 $ 0.07 $ 0.07
Diluted earnings per share $ 0.04 $ 0.06 $ 0.05 $ 0.05
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