Profit Grows 18% for 20th Century Industries

20th Century Industries, the Woodland Hills-based parent of 20th Century Insurance, said its profit rose 18% in the second quarter, to $33.4 million from $28.4 million a year ago.

Revenue for the three months ended June 30 rose 10%, to $245.5 million from $222.5 million a year earlier, as it saw gains in net premiums written in both its automobile and homeowners insurance lines.

With the latest results, the company’s net income for the six months ended June 30 increased 18%, to $59.5 million from $50.4 million a year earlier. Revenue increased 11% during the first half of the year, to $487.8 million from $439.3 million a year ago.

20th Century, which primarily is an auto insurer, also said that on May 27, it had filed an appeal in Los Angeles Superior Court to rescind state Insurance Commissioner John Garamendi’s order for the company to refund $101.8 million to policyholders. The order resulted from Proposition 103, the insurance reform measure passed by California voters in 1988.