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JEFFERSON-PILOT RESPONDS TO INQUIRIES CONCERNING DECLINE IN COMPANY STOCK PRICE

 JEFFERSON-PILOT RESPONDS TO INQUIRIES CONCERNING
 DECLINE IN COMPANY STOCK PRICE
 GREENSBORO, N.C., March 9 /PRNewswire/ -- In response to inquiries concerning the drop in Jefferson-Pilot's (NYSE: JP) stock price today, a spokesman stated: "The only explanation we can find for the stock price decline is a reaction by the investment community to Louise Price Parsons' suggestion that Jefferson-Pilot consider acquiring the assets of Mutual Benefit Life. The investment community has clearly recognized that Louise Parsons has ignored the lessons of history in her desperate attempt to gain visibility.
 "Louise Parsons' suggestion clearly evidences her lack of knowledge of the life insurance business. The fact is that rapid growth of assets without concern for the quality of those assets is exactly what got some insurers in trouble during the 1980's. We have become one of the most financially sound insurers in the country by distinguishing ourselves from companies that pursued such strategies, not emulating them.
 "If Louise Parsons knew anything about the insurance business, she'd know that growth of earnings, dividends, and shareholders' equity are key measures of a company's success for its shareholders -- not asset growth. And few companies have records that compare to Jefferson-Pilot's."
 -0- 3/9/92
 /CONTACT: John Still of Jefferson-Pilot Corp., 919-691-3382/
 (JP) CO: Jefferson-Pilot Corporation; Mutual Benefit Life ST: North Carolina IN: INS SU:


CM -- CH014 -- 6567 03/09/92 16:47 EST
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Publication:PR Newswire
Date:Mar 9, 1992
Words:228
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