2003 'Difficult Year' For APCapital & Shareholders

American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) yesterday announced net income of $102,000, or $.01 per share for the fourth quarter of 2003. For the year ended December 31, 2003, the Company reported a net loss of ($76.8) million or ($9.02) per share. This compares to a net loss of ($1.2) million, or ($.14) per share for the 2002 fourth quarter, and a net loss of ($18.5) million or ($1.98) per share for the year ended December 31, 2002. "Our professional liability financial results improved significantly in the fourth quarter," stated President and CEO R. Kevin Clin...