21st Century Insurance Posts 4Q Profit

NU Online News Service, Feb. 18, 12:00 p.m. EST?Reversing a loss, 21st Century Insurance Group reported a 2002 fourth-quarter net increase of $55.8 million, or 65 cents on a per-share basis, over the period in the prior year.

The company reported a fourth-quarter profit of $14.8 million, or 17 cents a share, compared with a loss of $41 million, or 48 cents a share, one year ago. For the year 2002, Woodland Hills, Calif.-based 21st Century reported a loss of $12.3 million, or 14 cents a share.

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