Apr 24, 201201:36 PMBlog

SeaBright Holdings posts Q1 rebound

Apr 24, 2012 - 01:36 PM

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.

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