Sales of nontraditional products and services helped National Financial Partners Corp. profits during the fourth quarter of 2005.
NFP, New York, a financial services distribution company, is reporting $21 million in net income for the latest quarter on $290 million in revenue, up from $12 million in net income on $204 million in revenue for the fourth quarter of 2004.
Securities analysts note that the company flourished partly because of growth in premium financing, life settlement and investor-owned life insurance operations.
NFP notes that $2.3 million of its income for the quarter came from a key-man life insurance policy death benefit.
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