|
|
|
Terra Does It Again: 79th Consecutive Record Quarter
Corte Madera, CA - Terra Insurance
Company's
book
value per share rose to an all-time high of $240.22 at
December 31, 2007, on per-share earnings of $15.49,
marking the 79th consecutive calendar quarter of
record stock-value and per-share earnings
growth.
"Terra's 2007 accomplishments would have to be
considered outstanding no matter what the business
climate," Terra President and CEO David L. Coduto
said, "but 2007 was a particularly trying year for
professional liability insurers. The same economic
conditions that hobbled their investment portfolios
also resulted in a discouragingly high claims
frequency and severity. Terra once again bucked the
trend. In fact, Terra's claims frequency was the best it
has ever been since we went into business 40 years
ago. That's hardly the result of good luck. Terra invests
heavily in the operational improvement of its
owner/insureds. The results show up on their bottom
lines and on Terra's."
Established in 1969, Terra provides professional
liability insurance products to civil, environmental, and
geoprofessional engineering firms that gross from
$500,000 to more than $100 million annually. The
company became a risk-retention group in 1988,
requiring insureds to also be the company's sole
owners. A.M. Best Company - the internationally
recognized insurance-company rating organization -
cites Terra as "the highest-rated risk-retention group
in the United States." Best has given Terra a stated
rating of "A, Excellent" and an implied rating of "A++,
Superior."
More information about Terra and the products it
offers, as well as free risk-management materials and
a copy of the Terra "QuickApp," can be found at
www.terrarrg.com,
or by contacting Terra Insurance
Company, 2 Fifer Avenue/Suite 100, Corte Madera, CA
94925; tel. 1/800-872-0077 (in CA, 415/927-2901); e-
mail terra@terrarrg.com.
|
|
|
back to listing