Direct General Corporation Announces Its Second Quarter 2006 Results.
Business Wire › August 01, 2006
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Direct General Corporation Announces Its Second Quarter 2006 Results.
NASHVILLE, Tenn. -- Direct General Corporation (Nasdaq: DRCT) today announced second quarter 2006 net income of $7.2 million or $0.35 per share, on a diluted basis. Comparatively, net income for the second quarter of 2005 was $11.5 million or $0.53 per share on a diluted basis.
William Adair, Chairman and CEO, stated, "The nonstandard automobile insurance market remains very competitive. We continue to remain focused on building long-term shareholder value through strategic initiatives designed to enhance and expand our target markets. In this regard, we are extremely excited to announce the introduction of our Independent Agency program that we expect to launch in Tennessee later in the year. The purpose of this program is to expand our distribution by focusing on rural areas of our markets that are not currently serviced by a Direct General sales office. The initial reaction to this progra...See the full content of this document
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