National Interstate Profit Rises
National Interstate (NATL) said earnings rose 19% from a year ago for the fourth quarter.
The Richfield, Ohio-based insurance company earned $7.9 million, or 41 cents a share, in the quarter, compared with $6.7 million, or 42 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 34 cents a share in the most recent quarter.
Fourth-quarter revenue rose 21.9% from a year ago to $55.8 million. Total premium earned increased 22.4% to $51.9 million and net investment income increased to $3.54 million from $2.43 million.
Loss and loss adjustment expenses increased 27.4% to $30.4 million, while loss and loss adjustment expense ratio increased 227 basis points to 58.6%. Underwriting expense ratio decreased 110 basis points to 24.7% and combined ratio stands at 83.2%.
"We are very satisfied with the results from both the fourth quarter and full year of 2005 and the successful completion of our first year as a public company," the company said.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
