Meadowbrook Insurance Group (NYSE: MIG) yesterday reported a net after-tax
loss for the third quarter ended September 30, 2002 of ($1.9 million), or
($0.06) per share, versus net income of $300,000, or $0.04 per share, for the
same period of 2001. If the recent offering had occurred during third quarter
of 2001, per share earnings for the third quarter of 2001 would have been
reduced by $0.03 per share.
The Company's 2002 third quarter results reflect a $4.3 million after-tax
charge ($0.14 per share) as a result of strengthening reserves and related
expenses on prior accident year...
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