Zenith Insurance Corp.’s Profits Dip 16% in Quarter

Zenith National Insurance Corp., a Woodland Hills property, casualty, auto and worker’s compensation insurer, said its earnings fell 16% in the first quarter to $6.9 million, down from $8.2 million a year ago. Revenues for the quarter ended March 31 edged up 8% to $149.6 million, up from $138.2 million a year earlier.

Stanley R. Zax, chairman and president, said winter wind and rainstorms that swept the state in January and March caused pretax losses of about $5.7 million.