Navigators Group Doubles '04 Income In 4Q
NU Online News Service, Feb. 24, 12:21 p.m. EST--The Navigators Group, Inc., more than doubled its net income in the fourth quarter compared to last year, shaving 40.5 points fourth-quarter 2003 combined, which was impacted by a charge for asbestos and environmental losses.[@@]
For the fourth quarter of 2004, the New York-based insurer reported that net income rose more than $20 million, going from a loss of $9.5 million, or 78 cents per share in fourth-quarter 2003, to $10.6 million, or 84 cents a share.
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