Ohio Casualty shows loss
Dayton Business Journal
Fairfield-based insurer Ohio Casualty Corp. lost money during the second quarter, but less than last year's loss during the same period.
Excluding one-time items, the company showed a loss of $4.7 million, or 8 cents per share, compared to a loss of $6.6 million, or 11 cents per share, for the same quarter last year.
Ohio Casualty took a charge of $6.2 million during the quarter to pay for an early retirement plan, worth 10 cents per share. With the charge, the company's loss totaled $10.9 million for the second quarter, or 18 cents per share.
The company's stock was trading at $13.84 per share this afternoon on the Nasdaq, a 39-cent increase from Monday's close.
Ohio Casualty, http://www.ocas.com, is the 36th-largest property/casualty insurance group in the country, based on net premiums written. It is sold through two member companies in the Greater Dayton area.
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