Ohio Casualty Corp. (NASDAQ:OCAS) on Tuesday announced $42.1 million in second-quarter earnings, a 29% jump over year-ago results.
Net income in second quarter 2004 was $32.7 million, or $0.48 per diluted share.
Other highlights from the quarter ended June 30, 2005:
*All Lines combined ratio (GAAP) of 95.5%, a 3.7 point improvement;
*Operating income of $33.2 million versus $30.6 million, a $2.6 million or 8.5% increase.
*Included in net and operating income above is $8.3 million ($5.9 million after tax, or $0.09 per diluted share) related to the loss on retirement of convertible d...
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