20th Century’s Profits Up 24% in 3rd Quarter
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20th Century Industries, the Woodland Hills-based parent of 20th Century Insurance, said its profit rose 24% in the third quarter ended Sept. 30, to $33.5 million from $27 million a year earlier. Net premiums written--a rough equivalent of revenues--increased 15% to $212 million from $183.6 million.
In the nine months ended Sept. 30, 20th Century’s profit jumped 42% to $83.9 million from $59.2 million a year before. Net premiums written totaled $615.4 million, a 13% gain from $546.4 million a year earlier.
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