The Loyalist Insurance Group Limited to announced today improved results for the quarter ended March 31.

Revenues for the first quarter increased to $529,371 from $526,286 for the same quarter in 2006. Total expenses for the first quarter were $582,049 compared to $586,778 for the same quarter in 2006. The company continued to incur expenses relating to personnel, legal and accounting fees.

Net loss for the first quarter was $42,679 compared with a net loss of $43,492 for the same quarter in 2006.

In March 2007, the subsidiary of the company, Loyalist Insurance Brokers Limited, received contingent commissions of approximately $180,215 compared to $85,172 for the same period in 2006. Income from operations in the first quarter of 2007 was $75,852 versus income of $9,647 in the same quarter of 2006 showing significant improvements due to increased commissions earned.