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.
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Pierce Named CEO of GEICO as Combs Resigns 
