20th Century Industries’ Quarterly Profit Up 19%

20th Century Industries, the Woodland Hills-based parent of 20th Century Insurance, said its first-quarter profit rose 19% from a year earlier, to $26.1 million from $22 million.

In the quarter that ended March 31, the auto and home insurer said its revenue surged 12%, to $242.2 million from $216.8 million a year earlier. 20th Century attributed the gains to growth in policies and investment gains. But the company noted that it received an increased number of reported homeowner claims, compared with a year ago, because of heavy rainstorms in Southern California during the first quarter.