Quotesmith.com Reports First Quarter Financials

Quotesmith.com, an online insurance information exchange, saw a record $3.9 million in revenues for the first quarter, a 29 percent increase over the previous quarter.

Net losses also rose from $6.8 million last quarter to $9.1 million. The company, now in its sixteenth year of business, reported 9,388 policies sold in the first quarter, representing a sequential quarterly increase of 39 percent from the 6,733 policies sold in the fourth quarter of 1999.