Zenith Reports 2003 Record Net Income of $67M

Zenith National Insurance Corp. (NYSE:ZNT) reported net income of $20.8 million for the fourth quarter of 2003 compared to a net loss of $7.8 million for the fourth quarter of 2002. Net income for the year ended December 31, 2003 was $67.0 million compared to net income for the year ended December 31, 2002 of $10.2 million. Diluted net income per share was $0.92 for the fourth quarter of 2003 compared to a net loss of $0.42 per share for the fourth quarter of 2002. For the year ended December 31, 2003, diluted net income per share was $3.38 per share compared to $0.54 per share for the year ...