20th Century Posts $34.8-Million Profit

20th Century Industries said it earned $34.8 million in the second quarter, up 4% from last year’s second quarter when it had $33.4 million in profits.

The Woodland Hills-based insurance holding company said it had revenues of $272.9 million for the three months ended June 30, compared to revenues of $245.5 million in the same period last year. New business, the company said, grew by 10.5%, as measured by the number of units insured.

Profits for the six months ended June 30 fell 1% to $58.7 million from $59.5 million, while revenues rose 10% to $536 million from $487.8 million. Profits in the first quarter of this year had fallen because of higher claims due to the wet winter in Southern California.