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In the first quarter of 2009, total revenues were $10.6 million, compared with $12.3 million for the first quarter of 2008, primarily as a result of continued competition in the California marketplace, according to the company.
Net premium earned was $7.6 million, or 72% of revenues, for the first quarter of 2009, compared to $8.9 million, or 72.7% of revenues, in the same quarter of 2008.
For the first quarter of 2009, net investment income was $1.2 million, compared with $1.6 million a year ago.
Total assets as of March 31, 2009 decreased to $182.34 million from $184.6 million as of December 31, 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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