20th Century Profit Up 50% for Period

20th Century Industries, the Woodland Hills-based parent of 20th Century Insurance, said its fourth-quarter profit surged 50% from a year earlier, to $22.2 million from $14.8 million.

In the quarter that ended Dec. 31, the auto and house insurer said its revenue climbed 11%, to $183.1 million from $165.6 million a year earlier. 20th Century attributed the gains to growth in policies outstanding, investment gains and improved underwriting results.

For all of 1989, 20th Century’s net income jumped 55%, to $91 million from $58.5 million the previous year, and its annual revenue rose 13% to $705.8 million from $626.1 million.