21st Century Insurance Reports 4th-Quarter Drop

21st Century Insurance Group of Woodland Hills reported net income of $1.8 million for the fourth quarter ended Dec. 31, compared with $7.3 million for the fourth quarter in 1999. Revenue increased to $221.8 million from $202.7 million.

For the year, the company reported net income of $12.9 million, down sharply from net income of $87.5 million. Revenue rose to $869.8 million from $832.7 million.