(Credit: NIH)
The Marketing Alliance (TMA) came close to holding its life insurance and annuity distribution revenue steady during the quarter that ended March 31, and eHealth produced a big increase in its health insurance distribution revenue for the quarter ending June 30.
TMA is a St. Louis-based company with stock that trades on the Over the Counter system. It has a fiscal year that starts April 1.
The heart of the company is a business that distributes life insurance, annuities, long-term care insurance, disability insurance and Medicare supplement insurance.
The company also has an excavation business, and a business that owns and runs indoor playrooms.
Resources
- Links to eHealth earnings resources are available here.
- Links to TMA earnings resources are available here.
- An earlier article about eHealth's earnings is available here.
- An earlier article about TMA's earnings is available here.
TMA as a whole is reporting a $1.8 million net loss for its fourth quarter, which was the first quarter of the calendar year, on $9.9 million in revenue. That compares with $950,841 in net income on $11 million in revenue for the first quarter of calendar year 2019.
COVID-19 quarantine rules have been cruel to indoor playrooms, and family entertainment revenue fell to $562,170 for the first quarter of this calendar year, down from $1.2 million in the first quarter of calendar year 2019.
Construction revenue increased to $150,608, from $28,516.
Insurance commission and fee revenue edged lower, to $8.8 million, from $9 million.
The company paid its own affiliated distributors $7.2 million in bonuses and commissions, up from $6.9 million in the first quarter of calendar year 2019.
Timothy Klusas, TMA's chief executive officer, said in a comment about the results, which was included in the company's earnings announcement, that the company had to shift to digital sales processes quickly.
