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Article: Harleysville Group Inc. Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Harleysville Group Inc. (NASDAQ:HGIC) reported diluted operating income of $0.83 per share for the third quarter of 2009, compared to $0.79 per share in the third quarter of 2008. For the nine-month periods, the company reported diluted operating income of $2.17 per share in 2009 and $1.90 per share in 2008. Operating income is a non-GAAP financial measure defined by the company as net income excluding after-tax realized gains and losses on investments. See below for the company's reported GAAP net income.
"Our focus on the basics of our business has produced another strong quarterly performance for Harleysville Group," commented Michael L. Browne, Harleysville ...