Zenith Closed Out 2005 With Profit Gain

Zenith National Insurance Corp. (NYSE:ZNT) on Wednesday reported a $49 million profit for the fourth quarter ended Dec. 31. That was $5.3 million, or 12.1%, higher than the same period a year ago, the company said. Zenith made a $157.7 million profit for 2005, up nearly 32% from 2004, it also reported Wednesday. Workers' compensation net premiums earned increased approximately 16% and 24% in the three months and year ended Dec. 31, 2005, respectively, compared to the corresponding periods of 2004. In California, workers' compensation net premiums earned increased approximately 14% and 23...