CARMEL, Ind. (AP) _ Baldwin & Lyons Inc. (PTVCB) on Wednesday reported second-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.

The Carmel, Indiana-based company said it had profit of 17 cents per share. Earnings, adjusted for investment costs, were 35 cents per share.

The property and casualty insurance underwriter posted revenue of $116.6 million in the period.

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