Net premiums written for the fourth quarter of 2008 totaled $989.8 million, compared to $1 billion in the fourth quarter of 2007, a decrease of 1.1%. Net investment income totaled $92.3 million for the fourth quarter of 2008, compared to $122.1 million for the fourth quarter of 2007.

The company reported a net income for the year ended December 31, 2008 of $102.3 million, or $1.53 per diluted share, compared to $487.1 million, or $7.31 per diluted share, in 2007.

Net premiums written for the year 2008 totaled $4.11 billion, compared to $3.95 billion in 2007, an increase of 3.9%. Net investment income totaled $440.5 million for the year 2008, compared to $469.8 million in 2007.

At December 31, 2008, consolidated investments and assets totaled $10.23 billion and $13.38 billion, respectively, as compared to $12.5 billion and $15.48 billion, respectively, at December 31, 2007.

A service of YellowBrix, Inc.