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Article: M Financial Group Reports Record-breaking Sales for 2001; Company Continues to Surpass the Insurance Industry Trend.
- Article from:
- Business Wire
- Article date:
- February 4, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 4, 2002
M Financial Group today announced that its insurance sales for 2001 totaled a record $681 million.
This is a 27% increase over sales reported by the company in 2000. New records were set in life insurance sales at $590 million, disability insurance sales at $41 million, and annuity sales at $50 million. M Financial Group continues to significantly surpass the industry trend for life insurance sales, as evidenced by a compound growth rate of 23% since 1996, compared to 3% for the industry in the same period.
According to M Financial Group President Fred Jonske, the company's ...