21st Century Holding Company has reported total revenues of $15.03m for the second quarter of 2010, a decrease of 13.2% compared to $17.3m for the same quarter in 2009.

Net premiums earned were $10.8m for the second quarter compared to $14.2m for the same period last year and net premiums written were $6.6m compared to $14.01m for the same period last year.

For the quarter ended June 30, 2010, the company posted net loss of $2.23m, or $0.30 per share, compared to net income of $0.7m, or $0.10 per share, for the same period last year.

21st Century Holding Company CEO and president Michael Braun said that, as the company heads into the second half of 2010, they expect their financial results to reflect the improving environment and the effects of the actions we have taken over the past 12 months.

We expect that our reduced reinsurance expenses and our rate increases will yield greater returns from our existing portfolio of policies as well as allow us to more actively write new policies on favorable terms, Braun said.