CRM Holdings on Thursday reported $4.2 million in net income in the fourth quarter of 2006, a 110% increase over the $2 million earned in the fourth quarter of 2005.
Those earnings equaled 26 cents per diluted share, compared with 18 cents per diluted share in the fourth quarter of 2005.
For the full year 2006, net income was $14.3 million, or 88 cents per diluted share, up 96% from $7.3 million, or 70 cents per diluted share in 2005.
CRM Holdings said the increase mainly reflects
growth in the company's reinsurance business and income from its primary insurance business, Majestic I...
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