Baldwin & Lyons (BWINA) Reports Q1 EPS of $0.55

Baldwin & Lyons (NASDAQ: BWINA) reported Q1 EPS of $0.55, versus $0.26 reported last year. Revenue for the quarter came in at $80.73 million, versus $74.3 million reported last year.

Premiums written by the Company’s insurance subsidiaries for the current quarter were $96.2 million, slightly lower than the $97.0 million written during the first quarter of 2015, reflecting the continuing, planned reductions in the Company’s reinsurance, personal automobile and professional liability exposures. Premiums written for the Company’s core Fleet Transportation products increased $5.3 million, or 6.3% quarter over quarter.

Net premium earned for the first quarter of 2016 was $66.9 million, slightly higher than last year’s first quarter total, driven by a 9.5% increase in premium earned from Fleet Transportation products, partially offset by declines in discontinued products.

For earnings history and earnings-related data on Baldwin & Lyons (BWINA) click here.

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