Harleysville Group Inc. (Nasdaq: HGIC) Friday reported a diluted operating loss of $0.10 per share for the first quarter, reflecting the impact of its previously announced $20 million pretax workers compensation reserve adjustment and $3.6 million of winter storm property catastrophe losses, as well as poor personal lines results. At the same time, the company reported ongoing strong premium growth in its core commercial business segment during the first quarter of 2003.
The diluted net loss per share for the first quarter of 2003 was $0.11, versus diluted net income of $0.44 in the first qu...
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