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.
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods 
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Commercial Lines Rates Continue to Soften, Says Ivans Index 
