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VALLEY EARNINGS

20th Century Posts Record Profit

August 27, 1985

20th Century Industries of Woodland Hills, the parent of 20th Century Insurance, reported record profits for its second quarter ended June 30. Net income was $5.9 million, or 54 cents a share, up 20% from the same period a year ago.

The increase was a result of improved investment income and recent rate increases, according to Koby Kobayashi, senior vice president.

Gross premiums for the quarter were $71.8 million, also a record high, up 31% over the same period last year. Assets as of the end of the quarter were $266.8 million, up 11% from June 30, 1984.

20th Century Insurance sells automobile and homeowners insurance.

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