Amwest Insurance Group Inc., a property and casualty insurance holding company based in Woodland Hills, reported a first-quarter net profit of $1.8 million, up more than tenfold from an $86,000 profit in the same period a year ago.
The number of premiums written by the company, which are the industry's measure for revenue, fell to $21.4 million, down 2%, from $21.8 million a year earlier.
