Insurance company Brooke Capital has reported net loss of $2.3 million, or $0.27 per diluted share, on reported revenues of $40.1 million for the fourth quarter ended December 31, 2007, compared to net earnings of $1 million, or 13 cents per diluted share, on reported revenues of $35.2 million for the corresponding period of 2006.
For the full-year ended December 31, 2007, net earnings were $2.4 million, or $0.28 per diluted share, on reported revenues of $172 million, compared to net earnings of $3.5 million, or $0.50 per diluted share, on reported revenues of $144 million for the same period in the 2006.
The total revenues of the company increased 19% for the full-year period of 2007. Total revenues increased by 14% for the fourth quarter of 2007.
Kyle Garst, CEO, said: Overall I am pleased with our 2007 results. As we enter into 2008 I believe our organization is very well positioned to capitalize on the large market opportunity in front of us, and we have the right team, organizational structure and operational discipline to execute on our strategy.