This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Baldwin & Lyons Announces Results For Quarter And Year

INDIANAPOLIS, Feb. 3, 2011 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA) (Nasdaq:BWINB) today announced net income for the quarter of $10.3 million or $.69 per share. This compares to net income of $.74 per share for the prior year period. Operating income, defined as net income before investment gains and losses, was $6.4 million for the quarter, or $.43 per share, as compared to last year's record $.56 per share. Investment gains, which include the quarterly change in value for limited partnership investments owned by the Company, were aided by the continuing recovery of global equity markets during the quarter, adding $.26 per share to this quarter's net income compared to $.18 per share in the fourth quarter of 2009. 

For the full year, net income of $25.0 million or $1.69 per share compares to net income of $44.8 million or $3.04 per share, in the 2009 period. Operating income for the current year of $14.3 million, or $.97 per share compared to $1.68 per share in 2009, the decline principally due to significant global catastrophe losses. Income from investment gains declined from a gain of $1.36 per share in 2009 to a gain of $.72 per share this year.

Premiums written by the Company's insurance subsidiaries for the current quarter increased 7% when compared to the year earlier period and have increased 18% for the full year. The higher premium volume includes the impact from traditional products, principally fleet transportation as well as new products, including commercial multi-peril and casualty reinsurance.

Net premium earned increased 13% to $57.5 million for the fourth quarter of 2010. For the twelve months, earned premium increased 18% to $214.7 million. The changes in net premium earned, compared to premium written, reflect both the time lag between premium written and earned as well as the utilization of reinsurance on certain products. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs