Security Plan Life Finalizes Purchase of Magnolia Guaranty Life Insurance, Citizens Posts 4th Quarter and Full-Year 2013 Results
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In a release on
Riley added, "Our invested assets increased by 4.2 percent to
"Further, book value per share of Class A common stock decreased 6 percent to
Riley commented, "We recognized investment losses of
Turning to operating income, Riley noted, "Income for the year was boosted by improved investment yield as noted previously. In addition our claims experience was favorable in the current year compared to 2012 thereby reducing benefits and surrender expense."
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