Fortegra Financial, a Florida-based insurance services company, has net income for the third quarter 2011 was $4.1m, or $0.19 per diluted share, compared to $4.5m, or $0.26 per diluted share, for the quarter ended 30 September 2010.
Total revenue for the third quarter of 2011 were $56.4m, compared to $53.9m for the third quarter of 2010.
Gross revenues increased 4.7% to $56.5m for the third quarter of 2011, compared to $53.9m for the third quarter of 2010.
Net earned premium were $28.6m for the third quarter of 2011, compared to $28.2m in the same quarter last quarter.
Revenues for the payment protection segment increased 7.5% to $15.7m in the third quarter of 2011, compared to $14.6m for the equivalent prior-year period.
The BPO segment revenues decreased 18.7% to $3.8m for the third quarter of 2011, compared to $4.7m for the third quarter of 2010.
Revenues for the Brokerage segment increased 28.7% to $9.2m for the third quarter of 2011 compared to $7.2m in the third quarter of 2010.
Fortegra chairman and CEO Richard Kahlbaugh said in the third quarter, the firm drove record high net written premiums in payment protection business and successfully executed on the initial goals of cost reduction program.