
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, July 31, 1990                   TAG: 9007310148
SECTION: BUSINESS                    PAGE: A-5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

SHENANDOAH LIFE REPORTS 161 GAIN

Shenandoah Life Insurance Co. reported a 161 percent increase in first-half net income. The Roanoke-based company said it earned $3.58 million in the first six months of this year, compared with $1.37 million for the same period a year ago.

This year's figure includes a one-time capital gain of $1.1 million from the sale of bonds.

Profits from individual policy sales were $2.24 million compared with $950,000 last year, a 136 percent increase. Profits from group plans rose by 261 percent, from $664,000 to $2.4 million. Premiums collected rose 21.6 percent, from $46.3 million to $56.3 million.

Assets grew 3.5 percent during the first half to more than $433 million. Shenandoah Life said it has more than $11.6 billion of life insurance in force. - Staff report

by CNB