Meadowbrook Insurance Group (NYSE: MIG) reported net income for the
quarter ended June 30, 2003 of $2.7 million, or $0.09 per diluted share,
compared to $122,000, or $0.01 per diluted share for the comparable period in
2002. The increase in net income reflects higher fee-for-service revenue, a
reduction in interest expense, improvement in underwriting results, and
overall expense management.
"We are pleased by the progress we are making in improving profitability,"
commented Meadowbrook's President and Chief Executive Officer, Robert S.
Cubbin. "We remain on track with our plan t...
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