ZENITH REPORTS LOSS

Zenith National Insurance Corp. reported an operating loss after tax of $5.1 million, or 30 cents per share, for the third quarter of 2000, compared to an operating loss after tax of $38.8 million, or $2.26 per share, for the third quarter of 1999. The combined ratio for the property-casualty operations was 122.2 percent for the quarter ended Sept. 30, 2000, compared to 126.8 percent for the comparable period in 1999 and 150.5 percent for the second quarter of 2000. The combined ratio for the workers’ comp operations for the quarter ended Sept. 30, 2000, was 125.2 percent, compared to 128.8 percent for the comparable period in 1999, and 140.8 percent for the second quarter of 2000.