Alfa Reports 36% Rise In Quarterly Income
NU Online News Service, April 22, 11:02 a.m. EDT?The Montgomery, Ala.-based insurer Alfa Corp. reported first-quarter net income increased 36 percent to $25.48 million compared with $18.73 million reported during the year-ago period.[@@]
Chief executive Jerry Newby said Alfa had solid top-line growth for the quarter, increasing property-casualty earned premium by 7.6 percent while life premium went up by 8.1 percent. Overall, Alfa's premiums and policy charges for the first quarter were reported at $139.08 million, up 7.66 percent from $129.19 million reported one year ago.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
