| Business Summary | | 21st
Century
Insurance
Group
is
an
insurance
holding
company.
The
Company
is
a
direct-response
underwriter
that
sells
and
services
private
passenger
automobile,
homeowners
and
personal
umbrella
insurance
directly
to
the
public
without
commissioned
agents.
The
Company's
business
historically
has
been
concentrated
in
Southern
California,
principally
the
greater
Los
Angeles
metropolitan
areas.
The
Company
has
expanded
into
the
San
Diego
area
and
the
Northern
California
area.
The
Company
also
has
operations
in
Arizona,
Nevada,
Oregon
and
Washington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | 21st
Century
Insurance
Group
is
an
insurance
holding
company
which
markets
and
underwrites
private
passenger
automobile,
homeowners,
and
personal
umbrella
insurance.
For
the
six
months
ended
6/30/01,
revenues
rose
7%
to
$456.6
million.
Net
income
rose
24%
to
$10.7
million.
Revenues
reflect
a
decrease
from
8%
to
6%
in
the
quota
share
reinsurance
arrangement
with
AIG.
Net
income
reflects
the
absence
of
interest
and
fees
expense
and
lower
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Sandler, 58 Chairman | -- | Bruce Marlow, 52 Vice
Chairman, Pres, CEO, Chief Operating Officer | $1.4M | Douglas Howell, 39 CFO,
Sr. VP | -- | Michael Cassanego, 50 Sr.
VP, Gen. Counsel, Sec. | 311K | G. Edward Combs, 47 Sr.
VP of Marketing and Product Management | 634K | Dollar
amounts are as of 31-Dec-2000 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
|
|