Crown Life today reported that net income in the first three months of 2001 was $9.2 million, compared with $8.9 million reported for the corresponding period in 2000.

Total assets at March 31, 2001 were $1.4 billion.

The company said its balance sheet continues to be strong. The ratio of liabilities, including insurance liabilities, to equity was 2.1 to 1 at March 31, 2001, slightly higher than the ratio of 1.8 to 1 at December 31, 2000.

The directors of the company declared a regular quarterly dividend of 62.5¢ a share payable on the Class I Preferred Shares, payable on June 30.