American Safety Reports Q4, Year End Results

March 22, 2001

American Safety Insurance Group reported fourth quarter and year end results for 2000 Wednesday, saying net operating earnings for the fourth quarter decreased by 50 percent to $726, 661 compared to the year-earlier quarter.

Net earnings also decreased for the quarter by 70 percent compared to the year earlier figures to $423, 867 while total revenues increased by 98 percent at more than $11.3 million.

Net premiums, meanwhile, increased 185 percent to more than $9.76 million.

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