Pac Rim Holding Posts $108,000 2nd-Quarter Loss

Pac Rim Holding Corp., a Woodland Hills workers’ compensation insurer, reported a net loss of $108,000 for the second quarter ended June 30.

A year earlier, the company earned $902,000. Its revenue in the recent quarter fell 8%, to $23.8 million from $25.8 million.

The decrease in revenue in the second quarter of 1994 was due to reduced premium volume because of capital constraints, and premium rate reductions based on various regulatory actions, the company said.

For the six months ended June 30, Pac Rim lost $1.19 million, in contrast with a profit a year before of $960,000. Its first-half revenue declined 3%, to $47.4 million from $49.1 million.