AP Capital Net Jumps as Work Comp Mixes Out

American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) yesterday reported net income of $1.1 million, or $.12 per diluted share for the second quarter of 2003, compared to a net loss of ($2.7) million, or ($.28) per diluted share for the second quarter of 2002. Net operating income was $.04 per diluted share in the second quarter of 2003, as compared to a net operating loss of ($.28) per diluted share in the second quarter of 2002. See the Definition of Non-GAAP Financial Measures section included elsewhere in this press release for a definition of net operating income and loss. "The a...