Year-ago earnings have been restated to comply with the requirement of new life insurance accounting rules.

The prior year's earnings were restated because of accounting changes.

The 1988 earnings have been restated to conform to 1989 presentation.

The share earnings for 1988 have been restated to reflect a 25 percent stock distribution paid in May 1989.

The company said that earnings per share were restated to reflect a 2-for-1 stock split on March 25.

If the earnings for the first quarter of 1987 were restated to reflect this change, the company earned the equivalent of $3.26 a share.

Also as required, 1988 quarterly earnings have been restated for the effects of this change.

Net earnings for the first quarter of 1988 have been restated to include the cumulative effect of the change on prior years.

The share earnings for 1988 have been restated to reflect the 3-for-2 stock split earlier this year.

The share earnings for the year-ago quarter have been restated to reflect a 25 percent stock dividend.