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Jefferson Pilot

Jefferson-Pilot is one of the publicly traded companies having a good stock performance result. Jefferson-Pilot is a fortune 500 stock listed company trading under JP.


Jefferson-Pilot Corporation is one of the nation's largest shareholder-owned life insurance companies. Jefferson-Pilot Corporation is parent of the Jefferson Pilot Financial companies and one of the nation's leading life insurance, annuity, employee benefits, and broadcast companies.


The first nine months of 2005, Jefferson Pilot's earnings per share before realized investment gains increased 11 percent to 3.13 dollars from 2.81 dollars for the same period of 2004. Net income for the nine months increased to 3.15 dollars from 2.99 dollars excluding the cumulative effect of a change in accounting principle in the 2004 period.


Jefferson Pilot's Individual Products business reported excellent sales results again in the third quarter, with annualized premium sales growing to 80.5 million dollars in the quarter and bringing the year-to-date sales increase to 31 percent. Universal life policyholder fund balances grew 5 percent to 11.6 billion dollars and total life fund balances increased 6 percent to 13.4 billion dollars.


For the quarter, Individual Product earnings increased to 77.5 million dollars from 75.3 million dollars in the third quarter of 2004, bringing year-to-date earnings to 237.7 million dollars, 5 percent above nine-month 2004 earnings of 225.5 million dollars. For both the quarter and nine months, good gains in universal life profits were offset somewhat by declines in traditional product results, a typical pattern as the traditional business has been running off.


During the third quarter Jefferson Pilot bought back 836,500 common shares for a total investment of 41.5 million dollars, bringing year-to-date buybacks to 3,175,500 shares at a cost of 156.0 million dollars.


Jefferson Pilot's return on equity remained excellent at 16.2 percent in the third quarter and 17.2 percent for the year to date. Jefferson Pilot CEO Dennis Glass commented on the quarter. This was another good quarter for Jefferson Pilot, and results for the quarter and year to date once again demonstrate the value of company’s diverse sources of earnings. Highly experienced employees around the world are dedicated to customers’ success which enables the company to sustain profitable growth.   

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