Highlands Insurance Group, a property and casualty insurer, today reported net income of $3.0 million for the third quarter compared with a net loss of $3.3 million for the same quarter 1999. Year-to-date net income for 2000 was $8.5 million compared with net income of $2.2 million in 1999.
After-tax net operating income for the third quarter of 2000 amounted to $3.1 million or $.23 per diluted share, exclusive of after-tax net realized investment losses of $86,000. This compares with an after-tax net operating loss of $4.0 million or $.30 per diluted share, exclusive of after-tax net realized investment gains of $669,500 in 1999.
Year-to-date after-tax net operating income for 2000 was $8.0 million, exclusive of after-tax net realized investment gains of $537,000, compared with after- tax net operating income of $392,000, exclusive of after-tax net realized investment gains of $1.8 million in 1999.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
