21st Century Holding Co. reported Unaudited Consolidated results for the third quarter and nine months ended September 30, 2009. For the three months ended September 30, 2009, the company reported a net loss of $3.99 million or $0.50 per basic and diluted share as compared to a net loss of $1.5 million or $0.19 per basic and diluted share in the same three month period last year. Performance this quarter was affected by increased reinsurance costs, less earned premium from mitigation credits and lower total revenues as a result of the company's decision not to write new homeowners insurance policies during wind season. Net premiums earned decreased $6.7 million or 41.5% to $9.5 million for the quarter ended September 30, 2009, as compared to $16.2 million for the same three-month period last year. Gross premiums written for the quarter decreased $3.0 million or 18.5%, to $12.9 million compared with $15.9 million for the three months ended September 30, 2008, as a result of a business decision made by the company not to increase its wind exposure during hurricane season. Total revenues decreased $3.1 million or 19.3% to $12.9 million for the quarter ended September 30, 2009, as compared to $16.0 million for the same three-month period last year. Loss before provision for income tax benefit for the period was $6.40 million compared to $1.84 million for the same period previous year. For the nine months ended September 30, 2009, the company reported a net loss of $2.9 million or $0.36 per basic and diluted share versus net income of $295,419 or $0.04 per basic and diluted share in the same nine month period last year. Net premiums earned decreased $12.6 million or 25.1% to $37.7 million for the nine months ended September 30, 2009, as compared to $50.3 million for the same nine month period last year. Gross premiums written for the period increased $4.2 million or 6.0%, to $74.9 million compared with $70.7 million for the nine months ended September 30, 2008. Total revenues decreased $5.8 million or 11.3% to $45.6 million for the nine months ended September 30, 2009, as compared to $51.4 million for the same nine month period last year. Loss before provision for income tax benefit for the period was $5.18 million compared to $920,906 for the same period previous year.

21st Century Holding Co., Q3 2009 Earnings Call, Nov-05 2009

The Board of Directors of 21st Century Holding Co. declared a regular quarterly dividend of $0.06 per common share payable on December 1, 2009 to shareholders of record as of November 2, 2009 at its regular quarterly meeting.