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Friday, Apr 19, 2024

21st Insurance Profits Increase

Woodland Hills-based 21st Century Insurance Group reported second-quarter profit rose 38 percent. Earnings topped $28.3 million, or $0.33 per diluted shared, up from $20.5 million, or $0.24 a share, a year prior. Direct premiums written in California totaled $287.4 million, a decrease from $309.2 million in the same quarter in 2005, the company reported. The gains come as the company expands its operations nationally, especially in the southeast and Pennsylvania.

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