Allmerica Financial has outperformed consensus analyst estimates of performance for the second quarter of 2003, which were 3 cents a share, according to an earnings calendar issued by UBS. The company reported earnings of 45 cents a share, a marked increase over last year, when it had losses of $1.05 per share.

"We are pleased with our second quarter results and the further improvements in the capital position of our life insurance companies," said CFO Edward J. Parry III.

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