20th Century Reports 80% Rise in Earnings

Earnings in the third quarter ended Sept. 30 increased 80% from the previous year to $7.4 million, or 68 cents a share, 20th Century Industries said, as the company increased its income from premiums and investments.

The Woodland Hills-based company, which insures automobiles and homes through its 20th Century Insurance subsidiary, said it wrote $78.8 million in premiums in the quarter, a 49% increase.

Total assets were $292 million as of Sept. 30, a 33% increase from a year earlier.

For the first nine months, 20th Century earned $17.3 million, or $1.59 a share, a 36% increase from the corresponding period a year earlier. Premiums written in that period rose 37% to $211.3 million.