US Facilities Corp.: The Costa Mesa insurance...

US Facilities Corp.: The Costa Mesa insurance and reinsurance holding company reported that higher net investment income and premium increases contributed to net income of $2.1 million for 1989, contrasted with a loss of $4.7 million for 1988. Revenue increased 54%, to $62.9 million from $40.8 million.

For the fourth quarter, the company reported net income of $791,000, contrasted with a loss of nearly $3 million for the comparable 1988 quarter. Revenue rose 48%, to $17.5 million from $11.9 million.