Apr 24, 201201:36 PMDaily Biz Briefs
SeaBright Holdings posts Q1 rebound
SeaBright Holdings Inc. recorded net income of $8.1 million or 37 cents per diluted share for the quarter ended March 31, compared to a net loss of $100,00 or 1 cent per diluted share for the same period in 2011.
Total revenue for the first quarter increased 14.9 percent to $73.3 million versus $63.8 million in the year-earlier period. For the first quarter of 2012, net premiums earned increased 4.2 percent to $59.1 million compared to $56.7 million for the same period in 2011.