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Life Investors reports up year to date earnings despite diluted per share
Cedar Rapids based Life Investors Inc reports third quarter earnings up 4.9 percent to 4.66 million and year to date earnings up 7 percent to 12.15 million. Per share operating earnings for the quarter dropped to 53 cents due to more than 1.7 million additional shares, largely from selling 2 million authorized shares to AGO Holding N.V. Net income per share was reduced by two adverse court decisions and a 1.62 million reserve.
MENTIONED IN THIS ARTICLE
Life Investors Inc
Cedar Rapids
AGO Holding N.V
Netherlands
Life Investors
Equitable Savings and Loan Association
Equitable