Ohio Casualty Posts Narrower Quarterly Profit

NU Online News Service, May 9, 2:38 p.m. EDT?Ohio Casualty said its first-quarter income fell by 26 percent to $19.9 million, or 33 cents per share, driven down by catastrophe losses, poor workers' compensation results and its New Jersey personal auto run-off business.

For the comparable quarter in 2002, the company recorded a net profit of $26.9 million, or 44 cents per share.

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