| | Business Summary | | Reliance
Group
Holdings,
Inc.
is
a
holding
company
whose
principal
business
is
the
ownership
of
Reliance
Insurance
Company
and
its
property
and
casualty
insurance
subsidiaries.
The
Reliance
Insurance
Group
underwrites
a
broad
range
of
commercial
line
property
and
casualty
insurance
and
also
underwrites
personal
automobile
coverage.
The
Company
also
owns
RCG
Information
Technology,
Inc.,
an
information
technology
consulting
company.
In
June
2001,
the
Company
and
Reliance
Financial
Services
Corporation,
its
wholly
owned
subsidiary,
filed
voluntary
petitions
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | RELH
is
a
holding
company
whose
principal
business
is
the
ownership
of
Reliance
Insurance
Company,
which
underwrites
property,
casualty
and
automobile
insurance.
For
the
nine
months
ended
9/30/00,
revenues
rose
17%
to
$2.76
billion.
Net
loss
before
accounting
change
totalled
$905.5
million,
up
form
$187.5
million.
Revenues
reflect
a
$370.4
million
gain
on
the
sale
of
the
surety
and
fedelity
operation.
Higher
loss
reflects
a
$195.6
million
write-off
of
excess
of
assets
acquired. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Saul Steinberg, 60
Chairman | $3.6M | George Baker, 70
Pres,
CEO | -- | Robert Steinberg, 57
Vice
Chairman | 2.4M | Lowell Freiberg, 60
Exec.
VP, CFO | 1.4M | Howard Steinberg, 55
Exec.
VP,Chief of Corp. Operations | -- | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
