Zenith Reports 72% Profit Gain

Zenith National Insurance Corp. on Thursday reported a 72% increase in profits for the first six months of 2005, compared to the same period last year. The financial report showed net income for the six months that ended June 30 of $85.7 million, or $3.54 per share, compared to net income for the equivalent six months of 2004 of $49.9 million, or $2.15 per share. Zenith's workers' compensation premiums doubled in the first half of 2005 compared to the first half of last year, increasing from $41.9 million to $84 million. The company's investment income also rose to $12.5 million in the firs...