Ullico Inc. on Friday reported net income of $2.2 million for the third quarter, up from $2.1 million in the third quarter of 2008.The multi-line insurance holding company said its property and casualty business unit contributed pre-tax earnings of $3.2 million, compared to $2.9 million for the same period last year. Revenue was $26.9 million, an increase of 94% over the same quarter in 2008. Both the earnings and revenue growth were primarily attributable to the successful expansion of the workers' compensation, commercial and surety lines of business, Ullico said. As announced Oct. 7, by...
Comments