Alfa Corporation announced that it expects operating income for the quarter ended June 30, 2007, to be in a range of $0.40 to $0.44 per diluted share.
The results are primarily due to improved underwriting results at the property and casualty and life subsidiaries, and were not influenced by non-recurring or extraordinary items. This estimated range compares with operating income of $0.30 per diluted share reported for the second quarter of 2006.
For the six months ended June 30, 2007, operating income is estimated to be in a range of $0.57 to $0.61 per diluted share. This compares with $0.55 per diluted share reported for the first six months of 2006.
Alfa Corporation intends to report final results for the second quarter and first half of 2007 on July 27, with an investor conference call that day at 10:30 a.m. ET.
Source: Business Wire
Topics Trends Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
More Federal Legislation Introduced to Tackle Third-Party Lit Funding 
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance 
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB 
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire 
