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Zenith Triples Net as Rate Increases Outpace Losse

Friday, August 1, 2003 | 0

Zenith National Insurance Corp. (NYSE: ZNT) reported net income of $18.4 million, or $0.97 per share, for the second quarter of 2003 compared to net income of $6.5 million, or $0.34 per share, for the second quarter of 2002. Net income for the six months ended June 30, 2003 was $30.1 million, or $1.60 per share, compared to net income for the six months ended June 30, 2002 of $9.3 million, or $0.49 per share. Gross workers' compensation premiums written increased about 50% and 54% in the three and six months ended June 30, 2003, respectively, compared to the corresponding periods of 2002. ...

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