FPIC Reports $2.8M Income Compared to 02 Loss

FPIC Insurance Group, Inc. ("FPIC") (Nasdaq Symbol: FPIC) yesterday reported net income of $2.8 million, or $0.29 per diluted share, for the first quarter 2003, compared to a net loss of ($26.7) million, or ($2.81) per diluted share, for the first quarter of 2002. The first quarter 2002 net loss included a $29.6 million charge for an accounting change related to the adoption of Financial Accounting Standard No. 142 on accounting for goodwill and other intangible assets. "Our solid first quarter results are a clear reflection of our disciplined focus on our core markets and businesses," state...