Atlantic Mutual Companies (Atlantic)
yesterday reported unaudited statutory financial results for the six months ended
June 30, 2002.
Statutory operating results, before realized gains on investments,
interest expense on the surplus note and federal income taxes, were
$1.5 million for the second quarter of 2002, an improvement of $3.4 million
over the same period in 2001. A statutory net income of $2.0 million was
recorded for the second quarter of 2002, an improvement of $2.3 million over
the same period in 2001.
Atlantic's statutory combined ratio was 101.7 for the second q...
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