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Revenue for the third quarter of 2008 decreased $8.5 million to $29.6 million, compared to $38.1 million for the same period in 2007. The decrease in revenue is due primarily to a decrease in net investment income and an increase in net realized investment losses, according to Eastern Insurance.
Net premiums earned reduced $1.2 million to $33.1 million in the third quarter of 2008 from $34.3 million during the same period in 2007. Net investment income decreased $2.4 million to $755,000 for the three months ended September 30, 2008 compared to $3.1 million for the prior year period.
Total assets were $390.6 million and shareholders' equity was $156.1 million as of September 30, 2008.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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