First Mercury Financial Corporation FMR today announced results for the second quarter ended June 30, 2010.
Highlights for the second quarter 2010 include:
Book value per share of $16.75
Net income of $4.1 million, or $0.23 per diluted share
Operating net income of $6.2 million, or $0.35 per diluted share
Net investment income increase of 18.0 percent
A.M. Best revised outlook for the Company's insurance subsidiaries to positive from stable
Announced definitive agreement to acquire Valiant
Insurance Group, Inc. for tangible book value as previously disclosed
Fifth consecutive quarterly dividend of $0.025 per share
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