HMN -- A poor man's GEICO? Message Board

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Non-Tech : HMN -- A poor man's GEICO?

HMN 46.16

-0.6%

Dec 31 3:59 PM EST

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To: Duker who wrote (24)	5/14/1999 3:48:00 PM
From: Joseph Anderson	Read Replies (1) of 72

The following realized investment losses killed HMN's quarterly earnings. Any idea what the two securities were and why would they need to be sold at a loss if HMN is rolling in cash? -------------------------------------------------- Page 13 of Q1 10Q Realized Investment Gains and Losses Realized investment losses were $3.1 million for the three months ended March 31, 1999 compared to gains of $6.4 million for the first quarter of 1998. The current quarter realized investment loss resulted primarily from the sale of two fixed income securities. -------------------------------------------------------------- Joe

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