Fremont General reported net income of $222,000...

Fremont General reported net income of $222,000 for the first quarter ended March 31. A year earlier, the Los Angeles-based insurance concern posted a $119.7-million profit. That profit included a $125.7-million gain primarily from Fremont’s sale of its remaining interest in Maxicare Health Plans. Total revenue for the latest quarter increased to $170.34 million from $128.8 million a year earlier. James A. McIntyre, president and chief executive, said: “The improvement primarily resulted from a reduction in underwriting losses of approximately 12%, compared to last year’s first quarter. Fremont also achieved higher investment income as well as record income from non-property and casualty insurance sources.”