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.
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
Hurricane Melissa Churns Toward Jamaica as Category 5 Storm 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes 
