Zenith National Insurance Corp. continues logging profit gains, this time in the first quarter of this year, when its net income hit $64.5 million, up from $57.5 million in the same period in 2006. But the better earnings came against a backdrop of declining premium volume. Zenith logged $198.7 million in net written premium in the first quarter of this year, of which California accounted for $109.8 million. That's compared with $252.8 million in the same three months of 2006, when California accounted for $160.1 million. The Golden State now accounts for 55.1 percent of the company's' gross premium, compared to $63 percent last year
Read More...
