20th Century Industries Reports Fall in Profits

20th Century Industries in Woodland Hills said its third-quarter profits fell 10%, to $31 million from $34.5 million a year earlier, despite a 10% increase in revenue.

In the latest quarter, the insurance holding company posted revenue of $281.3 million, up from $254.8 million a year earlier. The company said it recently expanded its services in San Diego, where its new business growth is strong.

For the nine months ended Sept. 30, 20th Century reported a profit of $89.8 million, down 4% from $94 million in the same period a year earlier. Revenue totaled $817.3 million, up 10% from $742.5 million.