Bexil Corporation Announces Financial Results for the Third Quarter Ended September 30, 2004.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Bexil Corporation (AMEX AMEX See: American Stock Exchange : BXL BXL Bruxelles (French: Brussels, Belgium) ) today announced its financial results for the third quarter ended September September: see month. 30, 2004.
Bexil Corporation
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Three Months Nine Months
Ended September 30, Ended September 30,
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2004 2003 2004 2003
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Revenues:
Interest and other
income $ 31,161 $ 51,427 $ 133,365 $ 135,133
Equity in earnings
of unconsolidated
affiliate 588,106 602,488 1,563,959 1,957,763
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619,267 653,915 1,697,324 2,092,896
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Expenses:
General and
administrative 152,279 147,336 535,022 407,935
Communication costs 6,055 14,215 23,032 26,760
Professional fees 19,763 29,900 102,728 79,505
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178,097 191,451 660,782 514,200
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Income before income
taxes 441,170 462,464 1,036,542 1,578,696
Income tax expense
(benefit) 17,105 17,128 (48,068) 39,103
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Net income $ 424,065 $ 445,336 $1,084,610 $1,539,593
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Per share net income:
Basic $ 0.48 $ 0.51 $ 1.23 $ 1.76
Diluted $ 0.48 $ 0.51 $ 1.23 $ 1.76
Average shares
outstanding:
Basic 879,591 874,744 879,591 873,016
Diluted 879,591 874,744 880,043 873,016
Bexil's primary business is comprised of its 50% interest in privately held York York, former name of Toronto, Canada York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. Insurance Services Group, Inc. ("York"). Since the 1930's, York's affiliates have served as third party administrators and independent adjusters providing claims data and risk related services to insurance carriers, self insureds, public entities, brokers, and other intermediaries. York's claims services include property & casualty, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , special investigative unit services & surveillance, transportation & logistics logistics In military science, all the activities of armed-force units in support of combat units, including transport, supply, communications, and medical aid. The term, first used by Henri Jomini, Alfred Thayer Mahan, and others, was adopted by the U.S. , environmental, construction, and inland INLAND. Within the same country. 2. It seems not to be agreed whether the term inland applies to all the United States or only to one state. It has been holden in Now York that a bill of exchange by one person in one state, on another person in another, is an & ocean marine. York is a 50% owned unconsolidated affiliate Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. accounted for by the equity method.
York Insurance Services Group, Inc.
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2004 2003
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Sales $ 44,761,334 $ 37,837,718
Expenses $ 39,694,559 $ 30,790,154
Net income $ 3,127,922 $ 3,915,526
Working Capital $ 11,265,627 $ 7,316,080
Total Assets $ 29,980,077 $ 21,059,699
Long Term Debt $ 1,283,293 $ 2,151,825
Shareholder's Equity $ 15,933,793 $ 11,121,273
Number of Employees 508 463
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