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