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.
Baldwin & Lyons Announces Results For Quarter And Year
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