Zenith Net Up at $25M Compared to $16M Last Year

Zenith National Insurance Corp. (NYSE:ZNT) reported net income of $25.4 million for the third quarter of 2004 compared to net income of $16.1 million for the third quarter of 2003. Net income for the nine months ended September 30, 2004 was $75.3 million compared to net income for the nine months ended September 30, 2003 of $46.2 million. Catastrophe losses after tax of $12.0 million, or $0.49 per diluted share, reduced net income in the third quarter and nine months ended September 30, 2004. Diluted net income per share was $1.09 and $3.24 for the third quarter of 2004 and nine months e...