|
|
Article: SeaBright Insurance Holdings Reports Third Quarter and Nine Month 2009 Results.(Financial report)
- Article from:
- Insurance Weekly News
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
SeaBright Insurance Holdings, Inc. (NYSE:SBX) announced results for the quarter and nine months ended September 30, 2009.
For the third quarter of 2009, net income was $6.7 million or $0.31 per diluted share, compared to net income of $1.8 million or $0.08 per diluted share for the same period in 2008. During the third quarter of 2008, the Company recorded a pre-tax charge of $11.5 million, or $0.54 per diluted share, related to other-than-temporary impairments of the Company's investments in preferred stock issued by Fannie Mae, Freddie Mac and Citigroup ($8.3 million) and equity indexed exchange-traded funds ($3.2 million). Total revenue for the quarter ...
Related newspaper, magazine, and journal articles:
|