GREENSBORO, N.C. - Jefferson Pilot Corporation, parent of the Jefferson Pilot Financial companies and one of the nation's leading providers of universal and variable universal life insurance and annuities, today reported results for the fourth quarter of 2003. Jefferson Pilot earned $1.01 per share before realized investment losses in the quarter, up 35 percent from fourth-quarter 2002 earnings of $0.75 before realized investment losses. Net income per share for the fourth quarter of 2003 increased 78 percent to $0.82, including net realized investment losses of $0.19 per share, versus net income per share of $0.46 in the fourth quarter of 2002, which included net realized investment losses of $0.29.
For the year 2003, Jefferson Pilot's earnings before realized investment losses increased 17 percent to $3.66 per share from $3.14 per share in 2002. Net income per share for 2003 including realized investment losses of $0.22 per share was $3.44, up 13 percent from $3.04, including realized investment losses of $0.10, for 2002.
Results for the fourth quarter of 2002 and year 2002 included a litigation accrual of $0.11 per share.
Source: Jefferson Pilot Corp.
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