Unified reports Q3 net loss due to insurance segment

Unified Grocers, Los Angeles, said Tuesday an increase in non-cash reserves in its insurance segment resulted in a net loss with increased sales for the third quarter and nine months ended June 28.

The loss for the quarter was $3.9 million, compared with a loss of $11.3 million a year ago; and the loss for the year to date was $2.8 million, compared with a loss of $15.9 million a year earlier.

The company said the losses were due to an increase in non-cash reserves of $7.5 mil

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