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EXHIBIT 13
KEY FINANCIAL INFORMATION
Years ended December 31 1998 1997 1996 1995 1994
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(in thousands)
Revenues $ 61,297 112,159 68,241 94,186 80,885
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Operating income (loss) $ (5,421) 46,141 3,705 4,050 7,359
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Net income (loss) $ (3,372) 31,788 6,404 2,139 4,981
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Total assets $ 163,400 165,412 133,710 116,166 128,423
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Total stockholder's equity $ 72,975 82,201 48,012 43,621 39,921
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(per share amounts)
Net income (loss) from
continuing operations $ (0.44) 4.14 0.84 0.28 0.65
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Dividends $ 0.18 0.18 0.18 0.18 0.18
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Combined ratio (1) 117.9% 112.9% 103.9% 103.6% 97.5%
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(1) Combined ratios have been computed, for all years, on a GAAP basis (see
Management's Discussion and Analysis).