Midland Expects Record First Quarter

Cincinnati-based insurer the Midland Co. said it anticipates record results for its first quarter, including net income per share in the range of 85 to 90 cents, including approximately 15 cents in realized capital gains. That would compare with the prior record of 56 cents in last year’s first quarter, which included 7 cents in realized capital losses.

Midland also has seen near double-digit percentage growth in property/casualty direct written premiums and a first quarter combined ratio in the range of 94 to 95 percent, compared with 96.2 percent in last year’s first quarter.