LandAmerica reports $11.13 million March net gain, higher revenues

By Caroline Salls

Pittsburgh, May 21 - LandAmerica Financial Group, Inc. posted an $11.13 million net gain for March on $18.86 million in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

The figures showed improvement over a $1.92 million net gain posted for February on $6.25 million in total revenues.

As of March 31, the company had $104.12 million in cash and cash equivalents, up from $100.25 million at the end of February.

LandAmerica, a title insurance underwriter based in Glen Allen, Va., filed for bankruptcy on Nov. 26, 2008 in the U.S. Bankruptcy Court for the Eastern District of Virginia. Its Chapter 11 case number is 08-35994.

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