Eastern Insurance Holdings, Inc. (EIHI) Reports Net Income and Book Value Growth
Eastern Insurance Holdings, Inc. reported net income of $2.7 million, or $0.29 per diluted share, for the quarter ending 12/31/2009. In the same quarter of 2008, Eastern Insurance Holdings, Inc. reported a net loss of $18.4 million, or $2.05 per diluted share. Eastern Insurance Holdings, Inc. also grew book value on a year over year basis, from $14.13 per share at the end of 2008 to $15.78 per share at December 31, 2009. The company reported revenue of $36.7 million for the fourth quarter of 2009, up from $30.1 million in the same quarter of 2008. Bruce M. Eckert, the…