AssuranceAmerica has reported total revenues of $18.17m for the first quarter of 2010 which is an increase of 2% compared to $17.7m for the same period in 2009.
AssuranceAmerica’s first quarter net premiums written were $10.3m compared to $10.8m for the same period last year. Net premiums earned for the quarter were $8.4m compared to $8.2m for the same quarter in 2009.
The company’s income before taxes were $1.4m for the first quarter of 2010 compared to $1.3m for the same quarter last year.
The company posted net income of $0.839m for the first quarter of 2010 which is an increase of 1.02% compared to the net income of $0.817m for the same quarter last year.
Joseph Skruck, president of AssuranceAmerica, said: Given the continued challenging market conditions, I am pleased with our results this quarter, which reflect our focus on maintaining strong underwriting discipline.