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Protective Insurance: 3Q Earnings Snapshot

·1 min read

CARMEL, Ind. (AP) _ Protective Insurance Corporation-B (PTVCB) on Tuesday reported third-quarter net income of $3.3 million, after reporting a loss in the same period a year earlier.

The Carmel, Indiana-based company said it had profit of 23 cents per share. Losses, adjusted for non-recurring gains, were 20 cents per share.

The property and casualty insurance underwriter posted revenue of $125 million in the period.

Protective Insurance shares have decreased 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.50, a decrease of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTVCB at https://www.zacks.com/ap/PTVCB