Monday, May 7, 2007

UPDATE 1-KMG America exploring strategic options

(Reuters) - The insurance holding company posted a loss of $9.4 million, or 42 cents in the first quarter, compared with a profit of $1.2 million, or 6 cents a share, in the year-ago period.

The latest quarter included a charge of 29 cents a share related to a valuation allowance to non-life deffered tax asset and a charge of 17 cents a share related to its stop loss business.


Read more at Reuters.com Market News

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