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21st Century Holdings Turns To Profit In Q4

Insurance provider 21st Century Holdings company (TCHC) reported fourth-quarter net income of $2.0 million or $0.25 per share, compared to a net loss of $3.5 million or $0.43 per share last year.

The company noted that the earnings for the 2011 quarter included $0.13 per share from net realized investment gains and $0.04 per share relating to an increase in future tax benefits.

Total revenue for the quarter increased 16.5 percent to $16.7 million from $14.3 million last year.

by RTTNews Staff Writer

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