Ohio Casualty Posts Larger 3Q Loss

Ohio Casualty Corporation (Nasdaq:OCAS) yesterday announced a net loss of $69.9 million, or $1.14 per share, for the third quarter ended September 30, 2002. In the same quarter of 2001, the Corporation reported net income of $44.2 million, or $.73 per share. After-tax operating income, which differs from net income by the exclusion of realized investment gains (losses), for the third quarter of 2002 was an operating loss of $66.3 million, or $1.08 per share, compared with an operating loss of $1.9 million, or $.03 per share, for the third quarter of 2001. President and Chief Executive Offi...