20th Century Reports Profit for 1st Quarter

20th Century Industries, the Woodland Hills-based auto insurer, posted a first-quarter profit, compared to a loss last year, as it continued to rebound after receiving nearly $1 billion in damage claims from the Northridge quake.

The company posted a $25.6-million profit in the quarter ending March 31, compared to a $1.4-million loss a year earlier, while revenues in the latest quarter fell 6% to $253.9 million, down from $270.1 million.

20th Century exited the homeowners insurance business last year and has gone back to focusing on auto insurance. The company expects to begin writing auto insurance this spring in Arizona, its first venture out of state, with its partner American International Group.