Article: SeaBright Insurance Holdings Reports Third Quarter and Nine Month 2009 Results.(Financial report)

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 ...

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