Article: Ceres Group Reports $3.9 Million Net Income For Third Quarter 2000; $12.3 Million For First Nine Months.

* 3Q2000 pre-tax income increases 49 percent to $6.1 million, compared to

3Q99 $4.1 million; pre-tax income for first nine months up 56 percent to

$19.0 million, compared to $12.2 million

* Net income per diluted share increases 24 percent to 21 cents for 3Q2000

vs. 17 cents in 3Q99; 79 cents for first nine months vs. 51 cents

* Gross premium revenue before reinsurance ceded increases 23 percent to

$203.9 million vs. $165.8 million; $561.2 million for first nine months

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