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Philadelphia Consolidated Holding Corp. First Quarter Results March 31, 2007

BALA CYNWYD, Pa., April 26 /PRNewswire-FirstCall/ -- Philadelphia Consolidated Holding Corp. (Nasdaq: PHLY) today reported net income for the quarter ended March 31, 2007 increased 31.2% to $66.0 million ($0.89 diluted earnings per share and $0.94 basic earnings per share) from $50.3 million ($0.70 diluted earnings per share and $0.73 basic earnings per share) for the quarter ended March 31, 2006. After-tax net realized investment gains (losses) were $1.1 million of gains for the quarter ended March 31, 2007 ($0.02 diluted income per share) versus $(0.3) million of losses ($0.00 diluted los

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