Zenith National Insurance Corp. reported a net loss for the first quarter. Zenith National Insurance Corp trades on the “New York Stock Exchange” under the stock symbol “ZNT”.
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Zenith National Insurance Corp. (NYSE:ZNT) reported a net loss for the first quarter 2010 of $0.8 million, or $0.02 per share, compared to net income for the first quarter 2009 of $2.6 million, or $0.07 per share. Net investment income before tax was $17.4 million for the first quarter 2010 compared to $24.3 million for the first quarter 2009. The annualized pre-tax yield on our investment portfolio for the first quarter 2010 was 3.8% compared to 5.3% for the first quarter 2009. The average maturity of the fixed maturity portfolio, including short-term investments, was approximately 3.0 years at March 31, 2010 compared to 4.5 years at March 31, 2009.
About Zenith National:
Zenith National Insurance Corp., through its subsidiaries, provides workers compensation insurance in the United States. The company provides insurance coverage for the statutorily prescribed benefits that employers are required to provide to their employees, who may be injured in the course of employment. It also invests in fixed maturity securities. The company was founded in 1971 and is based in Woodland Hills, California.
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