reported better-than-expected third-quarter earnings and said that while the personal auto and small-business insurance divisions met its expectations, the other major property and casualty lines didn't fare as well.
The insurance company reported operating income for the latest third quarter of $12.2 million, or 10 cents a share, compared with $9.8 million, or 7 cents a share, for the same period a year ago. The 15-analyst
First Call/Thomson Financial
survey expected the company to earn 6 cents for the quarter.
Revenue for the quarter rose to $1.80 billion from $1.76 billion a year ago.