Baldwin & Lyons swings to a fourth-quarter profit

Back to TopCommentsE-mailPrintBookmark and Share

Baldwin & Lyons Inc. swung to a profit in its fourth quarter.

The Indianapolis-based trucking fleet insurer on Thursday morning reported quarterly earnings of $10.9 million, or 74 cents per share, compared with a year-ago loss of $2.1 million, or 14 cents per share.

Revenue surged 61 percent, to $60.8 million, in the period, thanks to investment gains. Baldwin & Lyons had investment gains of $4.1 million in the quarter, compared to $15.2 million in investment losses in the fourth quarter of 2008.

Operating income, which excludes investment gains and losses, rose 5.8 percent, to $8.2 million. On a per-share basis, operating income was 56 cents, up from 52 cents in the year-ago period.

For all of fiscal 2009, Baldwin & Lyons pulled in revenue of $232.6, up 48 percent from 2008. Full-year profit totaled $44.8 million, or $3.04 per share, compared with a 2008 loss of $7.7 million, or 51 cents per share.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
thisissue1-092914.jpg 092914

Subscribe to IBJ