RTW, Inc. Wednesday reported net income for the first quarter ended March 31, 2004, of $930,000 or $0.18 per basic and $0.17 per diluted share compared to net income of $564,000, or $0.11 per basic and diluted share for the first quarter of 2003.
The first quarter 2004 results include a $200,000 pre-tax reduction in claim and claim settlement expenses resulting from favorable development of claims for 2003 and prior accident years and pre-tax realized investment gains totaling $649,000.
The first quarter of 2003 included a $300,000 pre-tax reduction in claim and claim settlement expense...
Comments