Zenith Narrows 4Q Loss, Posts $10.2M 2002 Net

Zenith National Insurance Corp. (NYSE:ZNT) reported a net loss for the fourth quarter of 2002 of $7.8 million, or $0.42 per share, compared to a net loss for the fourth quarter of 2001 of $9.4 million, or $0.52 per share. Net income for the year ended December 31, 2002 was $10.2 million, or $0.54 per share, compared to a net loss for the year ended December 31, 2001 of $25.9 million, or $1.47 per share. Net income in 2002 includes a previously reported charge of $19.5 million after tax, or $1.04 per share, for increased workers' compensation loss reserves in the fourth quarter. Gross worke...