Today’s issue of WorkCompRecap features a big batch of earnings news, as SeaBright Holdings, Delphi Financial, and American Financial group all recently released earnings reports for the third quarter. SeaBright reported net income of $1.6 million compared to net income of $5.4 million for the same period in 2010, and continues to focus on profitability improvement through price increases and implementing enhanced underwriting standards. Find out more by clicking here!
Delphi reported that operating earnings were $44.3 million for the third quarter of 2011 compared to $46.5 million for the third quarter of 2010, and their Chairman and CEO praised Safety National, saying that it had exceeded their expectations for new production during the third quarter, including the important July renewal period. Find out more by clicking here!