Am Phys. Reports Loss for 2Q, but Comp Positive

American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) today reported a net loss of ($2.7) million, or ($.28) per diluted share for the second quarter of 2002, compared to net income of $4.4 million, or $.38 per diluted share for the second quarter of 2001. Net operating loss was ($.28) per diluted share in the second quarter of 2002, as compared to net operating income of $.38 per diluted share in the second quarter of 2001. Net operating income or loss excludes net realized gains or losses on investments. "The actions we have taken in the last year, such as raising rates, ...