The Zenith Announces Narrower Loss in 4Q

Zenith National Insurance Corp. (NYSE:ZNT.N) reported a net loss for the year ended December 31, 2001 of $23.8 million, or $1.35 per share, compared to a net loss for the year ended December 31, 2000 of $46.8 million, or $2.72 per share. Net loss for the fourth quarter of 2001 was $7.3 million, or $0.41 per share, compared to a net loss for the fourth quarter of 2000 of $10.6 million, or $0.61 per share. As previously reported, the losses in 2001 are mainly attributable to $37.6 million of pre-tax incurred losses, or $24.4 million after tax, or $1.39 per share, from the World Trade Ce...