National Interstate (NATL) Misses Q1 EPS by 9c

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National Interstate Corporation Reports 2015 First Quarter Results

April 27, 2015 4:30 PM EDT

2015 first quarter net income per share of $0.36 compared to $0.41 for 2014 first quarter 99.5% combined ratio; 2015 accident year combined ratio of 96.2% Gross premiums written decreased 6% compared to last year 2015 first quarter rate increases averaged approximately 6% on renewal business

RICHFIELD, Ohio, April 27, 2015 (GLOBE NEWSWIRE) -- National Interstate Corporation (Nasdaq: NATL) today reported 2015 first quarter net income of $7.1 million or $0.36 per share and gross premiums written of $154.5 million.

Earnings

The Company's net income, determined in accordance... More