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Tuesday, Aug 9, 2022
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21st Meets Expectations

Woodland Hills-based auto insurer 21st Century Insurance Group posted a first-quarter net income of $21.3 million, or $0.25 per share on net premiums of $337.2 million, compared with income of $19.3 million, or $0.23 per share, on net premiums of $350.9 million last year. Analysts had forecasted earnings of about $0.24 per share. Direct premiums written in California fell 6.2 percent, but premiums outside the state rose 36.7 percent. The company has been continually expanding outside of California, and will be operating in Florida, Georgia and Pennsylvania during the second quarter.

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