Florida-based 21st Century Holding Co. announced that it is affirming its 2005 calendar guidance of $2.67 per share and setting guidance for its first fiscal quarter ending March 31, 2005 at $0.65 per share. This will result in a record first quarter for the company.
Edward (Ted) Lawson, president and chairman of the Board, noted, “In the coming months we expect to grow both our top and bottom lines as rate increases continue to take hold in our property business, as we continue to grow our auto book of business and as we continue to expand our general liability line of business into other states. To that end, we’ve just been approved to write in Alabama, which, added to Texas, Florida, Georgia, Louisiana and Kentucky, now makes six states we will be writing general liability in with other states to be added in the Southeast and Southwest.”
Results for the first quarter ending March 31, 2005 will be reported at the end of April.
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