Zenith Reports Net Up 26%, Mostly on Comp Operations

Zenith National Insurance Corp. (NYSE:ZNT) reported net income of $24.8 million for the second quarter of 2004 compared to net income of $18.4 million for the second quarter of 2003. Net income for the six months ended June 30, 2004 was $49.9 million compared to net income for the six months ended June 30, 2003 of $30.1 million. Net income includes realized gains on investments after tax of $1.2 million and $7.3 million in the second quarter of 2004 and 2003, respectively, and $3.7 million and $7.7 million in the six months ended June 30, 2004 and 2003, respectively. Diluted net income p...