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Press Releases

 

November 15, 2004

Bexil Corporation Announces Financial Results for the Third Quarter Ended September 30, 2004

NEW YORK -- Bexil Corporation (AMEX: BXL) today announced its financial results for the third quarter ended September 30, 2004. 

    Three Months
    Ended September 30

    Nine Months
    Ended September 30

             2004                 2003   

              2004               2003   

  Revenues :

  

  

  Interest and other income

$ 31,161  

$ 51,427  

$   133,365  

 $   135,133  

  Equity in earnings of
    unconsolidated affiliate

588,106  

602,488  

1,563,959  

1,957,763  

619,267  

653,915  

1,697,324  

2,092,896  

  Expenses:

  

  

  General and administrative

152,279  

147,336  

535,022  

407,935  

  Communication costs

6,055  

14,215  

23,032  

26,760  

  Professional fees

19,763  

29,900  

102,728  

79,505  

178,097  

191,451  

660,782  

514,200  

  Income before income taxes

441,170  

462,464  

1,036,542  

1,578,696  

  Income tax expense (benefit)

17,105  

17,128  

(48,068)  

39,103  

  Net income

$424,065  

$445,336  

$1,084,610  

$1,539,593  

  Per share net income:

  

  

  Basic

$0.48  

$0.51  

$1.23  

$1.76  

  Diluted

$0.48  

$0.51  

$1.23  

$1.76  

  Average shares outstanding:

  

  

  Basic

879,591  

874,744  

879,591  

873,016  

  Diluted

879,591  

874,744  

880,043  

873,016  

 

 

   

 

   

Bexil's primary business is comprised of its 50% interest in privately held York Insurance Services Group, Inc. ("York"). Since the 1930's, York's affiliates have served as third party administrators and independent adjusters providing claims data and risk related services to insurance carriers, self insureds, public entities, brokers, Management Buyout, Leveraged buyout financing, LBO, and other intermediaries. York's claims services include property & casualty, workers' compensation, special investigative unit services & surveillance, transportation & logistics, environmental, construction, and inland & ocean marine. York is a 50% owned unconsolidated affiliate accounted for by the equity method.

York Insurance Services Group, Inc

    2004

    2003

         Revenues :

         Sales

$44,761,334  

$37,837,718  

         Expenses

$39,694,559  

$30,790,154  

         Net Income

$3,127,922  

$3,915,526  

  

  

  

         Working Capital

$11,265,627  

$7,316,080  

         Total Assets

$29,980,077  

$21,059,699  

         Long Term Debt

$1,283,293  

$2,151,825  

         Shareholder's Equity

$15,933,793  

$11,121,273  

         Number of Employees

508  

463  

 

 

 

 

 

 

 

 

 

 

 

Press Release Links

November 15, 2004
Bexil Corporation Announces Financial Results for the Third Quarter Ended September 30, 2004
September 13, 2004
Bexil Corporation Announces Conference Call
August 13, 2004
Bexil Corporation Announces Financial Results for the Second Quarter Ended June 30, 2004
May 17, 2004
Bexil Corporation Announces Financial Results for the First Quarter 2004
March 1, 2004
Bexil Corporation Omits First Quarter Dividend
January 6, 2004
Bexil Corporation Announces Deregistration



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