20th Century Industries Reports Rise in Income

20th Century Industries posted a 5% rise in its first quarter net income despite a 16% drop in revenues.

The Woodland Hills-based parent of 20th Century Insurance posted net income of $26.9 million in the quarter that ended March 31, compared with a $25.6-million profit a year earlier. Revenues in the latest quarter were $213.9 million, compared with revenues of $253.9 million a year earlier.