FinCor Holdings of Lansing posted first quarter 2008 results that showed double digit growth in net income, revenues and net written premiums.
“We’ve
had a tremendous quarter on all fronts,” said Thomas Dickinson, FinCor
Holdings president and CEO. “We continue to grow despite reports of
declining revenues from others in our industry. I firmly believe our
success is a direct reflection of our strategic focus on growing
non-underwriting revenues, solid customer retention and successful
acquisition efforts.”
FinCor is a
Lansing-based health care risk management and insurance provider.
During the first quarter of 2008, it saw net income grow by 46.9
percent; revenues increase by 11.2 percent; and net written premiums
increase by 16.5 percent.
FinCor’s first
quarter 2008 net income stood at $2.7 million compared to $1.8 million
in the first quarter of 2007. The company’s first quarter revenues sat
at $24.2 million, up from $21.7 million in the first quarter of 2007.
Source: Kelly Smallegan-Maas, Lambert, Edwards & Associates
Ivy Hughes, development news editor, can be reached here.
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