Fremont Michigan Insuracorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $585,000 or $0.33 per diluted share in the second quarter of 2009 compared to $1.1 million, or $0.62 per diluted share, for the same period a year ago. Operating income was $783,000, or $0.45 per share, compared to $1.5 million, or $0.86 per share, for the same period a year ago. Income before federal income taxes was $798,323 compared to $1,537,972 for the same period last year. Consolidated revenues were $13,830,606 compared to $12,462,149 for the same period last year. Earnings were impacted in the second quarter of 2009 by increased losses in the commercial segment. For the six months, the company reported net income of $863,000 or $0.48 per diluted share compared to $2.2 million or $1.22 per diluted share in 2008. Operating income was $917,000, or $0.52 per share, compared to $3.0 million, or $1.69 per share, for the same period a year ago. Income before federal income taxes was $1,128,349 compared to $3,168,323 for the same period last year. Consolidated revenues were $27,493,499 compared to $24,492,033 for the same period last year. Book value per share increased to $23.44 at June 30, 2009, versus $22.74 at June 30, 2008. For the six months ended June 30, 2009, earnings were impacted by higher fire related losses in both the personal and commercial segments. The company announced that the Board of Directors has declared a quarterly cash dividend of $0.03 per share on the common stock of the company payable on September 30, 2009 to shareholders of record on September 15, 2009.

On May 15, 2009, Fremont Michigan Insuracorp Inc. announced that its board of directors declared a quarterly cash dividend of $0.03 per share on the common stock of the company payable on June 30, 2009 to the shareholders of record at the close of business on June 15, 2009.

Fremont Michigan Insuracorp Inc. reported consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net income was $278,000 or $0.16 diluted per share compared to $1.1 million or $0.61 diluted per share for the same period a year ago. Operating income was $133,000 or $0.08 per share compared to $1.4 million or $0.83 per share for the same period a year ago. The decline in earnings is due primarily to increased fire losses concentrated in its homeowner's line and farm segment. Revenues were $13.6 million against revenues of $12.02 million for the same period a year ago. Book value per share was $22.58 against $22.31 book value per share for the same period a year ago. Net premiums written was $11.7 million against $9.6 million for the same period a year ago.