InsWeb Reports Solid Fourth Quarter Results

InsWeb, a provider of online insurance services, raised its revenue outlook to approximately $5 million for the fourth quarter of fiscal 2000.

“InsWeb is enjoying a solid quarter, despite a traditionally slower holiday period for the insurance industry,” said Hussein Enan, chief executive officer of InsWeb. “We attribute our higher-than-expected revenues to strong consumer traffic and to the continued geographic expansion among key auto insurance companies participating in our online marketplace.”

InsWeb is scheduled to report financial results for its fourth quarter on Jan. 25, 2001, after the close of market. Additional information on the company’s past and upcoming financial results can be found on its investor relations Web site.