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Article: American Physicians Capital, Inc. Reports Fourth Quarter And Year End 2003 Results.
- Article from:
- PR Newswire
- Article date:
- February 12, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EAST LANSING, Mich., Feb. 12 /PRNewswire-FirstCall/ --
Significant Fourth Quarter 2003 Events
* Net income of $102,000, or $.01 per share
* Operating income of $533,000, or $.06 per share
* Pre-tax income of $6.1 million in medical professional liability
* A significant reduction in the number of reported medical professional
liability claims
* No adverse reserve development
* Began process of exiting workers' compensation and health insurance
* Successful completion of the SCW Agency contract (February 2004)
* A.M. Best assigns a B+ rating to American Physicians Assurance Corp.
and APSpecialty (January 2004)
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