21st Century Insurance Profit Falls in Quarter
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From Times Wire Services
Woodland Hills-based 21st Century Insurance Group reported net income of $19.4 million, or 23 cents a share, for the first quarter of 2005, compared with $19.8 million a year earlier.
The 2004 results include net realized capital gains of $7.6 million, contrasted with a net realized capital loss of $500,000 for the same period in 2005.
Direct premiums written increased 3.4% to $352.1 million in the first quarter, compared with $340.6 million for the same period in 2004.
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