Fairfield-based insurer Ohio Casualty Corp posted a third-quarter profit of $17.2 million, or 28 cents per diluted share, compared with a year-ago net loss of $69.9 million, or $1.15 per diluted share.
Across all lines, the company posted a statutory combined ratio of 104.7 percent, a 23.8 point improvement and the best showing in five years, according to CEO Dan Carmichael.
Net income before realized gains and losses of $13.4 million versus a net loss before realized gains and losses of $66.3 million a year ago.
In spite of its third-quarter showing, Ohio Casualty shares were down 5 cents to $15.53 on volume of 194,613.
Was this article valuable?
Here are more articles you may enjoy.
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
Town Denied Insurance for $11M Judgment Over the Political Closing of Quarry 
State Farm to Increase Claims Workforce by 3,000 
