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Eastern Insurance, NiSource shares up in Q3; Select Medical level

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On the heels of its announced sale in September, Lancaster-based Eastern Insurance Holdings Inc. closed the third quarter strong with net income of $3.7 million, or 48 cents per diluted share.

That was up from $2.8 million, or 36 cents per diluted share, for the same period in 2012, according to the company.

Eastern Insurance, which is being sold to ProAssurance Corp. in an all-cash transaction valued at about $205 million, trades its shares on the Nasdaq under the ticker symbol EIHI.

The workers’ compensation specialist will become a wholly owned subsidiary of the Alabama-based company, which focuses on medical professional and legal profession liability. The deal is expected to be finalized by Jan. 1.

ProAssurance trades its shares on the New York Stock Exchange under the ticker symbol PRA.

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In other earnings from Thursday, Lower Allen Township-based Select Medical Holdings Corp. reported third-quarter net income of $23.3 million, or 17 cents per diluted share.

Select Medical reported net income of $24.1 million, or 17 cents per diluted share, in the same quarter a year ago.

The operator of acute-care hospitals, inpatient medical rehab hospitals and outpatient physical rehab centers trades its shares on the New York Stock Exchange under the ticker symbol SEM.

Also, the parent company of Columbia Gas of Pennsylvania, Indiana-based NiSource Inc., reported net income of $48.1 million, or 16 cents per diluted share, compared to $19.3 million, or 6 cents per diluted share, in the third quarter of 2012.

Shares of NiSource are traded on the New York Stock Exchange under the ticker symbol NI.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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