21st Century Insurance Group Announces Third Quarter Results and Plans to Enter New Markets in 2006.

Business Wire › October 26, 2005

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21st Century Insurance Group Announces Third Quarter Results and Plans to Enter New Markets in 2006.

WOODLAND HILLS, Calif. -- 21st Century Insurance Group (NYSE:TW) today reported net income of $21.1 million ($0.25 per basic share) for the third quarter of 2005, compared to $24.6 million ($0.29 per basic share) for the same period in 2004. The third quarter of 2004 included a $4.9 million reduction in income tax expense ($0.06 per basic share) associated with the resolution of California legislation (AB 263) related to holding company taxes on dividends from insurance subsidiaries. The 2005 third quarter results include net realized capital losses of $0.9 million, compared to net realized capital losses of $0.2 million for the same period in 2004. For the nine months ended September 30, 2005, net income was $61.0 million ($0.71 per basic share), compared to $65.8 million ($0...

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