21st Century earnings soar.21st Century Insurance Group reported net income of $29.2 million or $0.34 per share on revenues of $320.7 million for the second quarter ended June June: see month. 30, 2003. That compares with net income of $9.9 million or $0.11 per share on revenues of $234 million for the second quarter of 2002. The Woodland Hills-based auto insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. bested consensus earnings estimates by $0.18. 21st Century said direct premiums increased 26 percent to $300.9 million for the period. For the first half, the company reported earnings of $22.4 million or $0.26 per share on revenues of $608.3 million. IN the first six months of 2002, 21st Century earned $18.2 million or $0.21 per share on revenues of $462.2 million. |
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