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

US Facilities Corp.: The Costa Mesa specialty insurer reported first-quarter profit of $1.7 million, or 28 cents a share, an increase of 13% from $1.5 million, or 37 cents a share, a year earlier. The 1991 figure included a gain of $192,000 from the reduction of income taxes resulting from a carry-forward of operating losses. Revenue rose 21% to $13.1 million from $10.7 million.