|Consolidated Income Statement|
|(Dollars in thousands)|
|Three Months Ended|
|Direct Premiums Written||$ 27,296||$ 30,121|
|Net Premiums Written||$ 26,035||$ 28,720|
|Net Premiums Earned||$ 26,695||$ 29,306|
|Incurred Loss and Loss Adjustment Expenses:|
|Current Accident Year Losses||21,913||23,836|
|Prior Year Losses||(8,121||)||(8,224||)|
|Other Income (1)||575||223|
|Federal Income Taxes||3,428||3,916|
|Net Income||$ 8,951||$ 10,087|
|Current Accident Year||82.1||%||81.3||%|
|Prior Year Development||-30.4||%||-28.0||%|
|Underwriting Expense Ratio||24.8||%||24.3||%|
|(1) Includes realized gains and losses|
American Physicians Capital, Inc. Reports First Quarter 2010 Results
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