Harleysville Group Inc. (Nasdaq: HGIC) announced today that, based on loss
activity through May 31, 2003, it expects 2003 second quarter diluted
operating earnings per share to be in the range of $0.32 to $0.40. Current
accident year losses were impacted in April and May by catastrophes and other
weather-related losses, as well as large property losses. The company reported
diluted operating earnings per share of $0.46 in the second quarter of 2002.
Diluted net income per share, which includes the impact of net realized
after-tax investment gains and losses, is also expected to be i...
Comments