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Article: Old Guard Group, Inc. Reports Third Quarter and Nine Months Operating Results
- Article from:
- PR Newswire
- Article date:
- November 12, 1997
CopyrightCOPYRIGHT 1997 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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LANCASTER, Pa., Nov. 12 /PRNewswire/ -- Old Guard Group, Inc. (Nasdaq: OGGI), doing business as Old Guard Insurance Group (the Group), today announced operating results for the third quarter and nine months ended September 30, 1997.
Operating income for the third quarter ended September 30, 1997, excluding net realized investment gains and a non-recurring non-cash charge, was $895,000, or $0.23 per share, compared to operating income of $160,000 in the corresponding period last year. Net income for the third quarter was $258,000, or $0.07 per share compared to $413,000 for the same period last year. Net income was negatively impacted by a $1,331,000 ...