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State National Cos. posts 4Q profit

BEDFORD, Texas (AP) _ State National Cos. (SNC) on Thursday reported fourth-quarter earnings of $14.1 million.

The Bedford, Texas-based company said it had net income of 33 cents per share.

The property and casualty insurer posted revenue of $60.1 million in the period.

For the year, the company reported profit of $49.1 million, or $1.16 per share. Revenue was reported as $217.1 million.

State National Cos. expects full-year earnings to be $1.13 to $1.21 per share.

State National Cos. shares have declined almost 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.35, an increase of 20 percent in the last 12 months.


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


Keywords: State National Cos., Earnings Report