NFP Reports Q4 EPS of $.74 vs. $.58

National Financial Partners Corp. NFP today reported financial results for the fourth quarter ended December 31, 2010. NFP reported fourth quarter 2010 net income of $15.3 million, or net income of $0.34 per diluted share, compared with net income of $1.9 million, or net income of $0.04 per diluted share in the prior year period. Fourth quarter 2010 cash earnings was $27.4 million, or $0.60 per diluted share, compared with $26.2 million, or $0.61 per diluted share, in the fourth quarter 2009. Cash earnings in the fourth quarter 2010 included a net gain related to non-recurring legal settlements. Excluding this gain, fourth quarter 2010 cash earnings was $26.6 million, or $0.59 per diluted share. Cash earnings in the fourth quarter 2009 included a one-time largely non-cash charge related to the sublease of one floor of NFP's corporate headquarters. Excluding this one-time charge, fourth quarter 2009 cash earnings was $31.7 million, or $0.74 per diluted share.