Hashtag: #20102ndQuarterResults
XL 2010 Second Quarter Results
XL Group reported its results for the second quarter of 2010. Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said “We are pleased to report another quarter of solid operating results. Our P&C operations delivered a healthy combined ratio of 92.2% which includes 6.8 points of favorable prior period development.... Read more of this article
Argo: Net Income $26.1 Million
Bermuda-based Argo Group International Holdings, Ltd announced financial results for the three and six months ended June 30, 2010. Argo Group’s Chief Executive Officer, Mark E. Watson III, said, “Our results reflect the impact of several large loss events that occurred in the first half of the year, none of which have led to improved pricing.... Read more of this article
Validus Re: Net Income $179 Million
Bermuda-based Validus Holdings, Ltd. reported net income of $179.8 million, or $1.44 per diluted common share for the three months ended June 30, 2010, compared with net income of $137.6 million, or $1.74 per diluted common share, for the three months ended June 30, 2009. Net income for the six months ended June 30, 2010 was $61.4 million, or $0.48... Read more of this article
Catlin Declares $86 Million In Profit
Bermuda-based Catlin Group Limited announced its financial results for the six months ended 30 June 2010. Stephen Catlin, Chief Executive of Catlin Group Limited, said: “Catlin’s underwriting operations produced strong underlying results, as the attritional loss ratio in the first half was the lowest in four years. However, our profits were reduced... Read more of this article
2nd Quarter: Butterfield Bank Income Climbs
The Bank of N.T. Butterfield & Son Limited today (Aug 5) announced second quarter net income of $200,000, compared with a net loss of $176.3 million for the first quarter 2010. After adjusting for preference share dividends, the net loss available to common shareholders was $4.3 million resulting in a fully diluted loss of $0.01 per share compared... Read more of this article
OneBeacon Reports Drop In Net Income
Bermuda-based insurer OneBeacon reported net income attributable to common shareholders of $8.6 million, or 9 cents per share, down from a profit of $128.2 million, or $1.35 per share, in last year’s second quarter. Second quarter comprehensive net income and net income were both $9 million and operating income was $18 million or $0.19 per share.... Read more of this article
Everest Re 2010 Second Quarter Results
Bermuda-based Everest Re Group Ltd. reported second quarter 2010 after-tax operating income which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per diluted common share, in the second quarter of 2009. Net income, including net realized... Read more of this article
Arch Capital: $237 Million Net Income
Bermuda-based Arch Capital Group Ltd reports that net income available to common shareholders for the 2010 second quarter was $237.0 million, or $4.45 per share, compared to $152.1 million, or $2.43 per share, for the 2009 second quarter. The Company also reported after-tax operating income available to common shareholders of $132.2 million, or $2.48... Read more of this article
Montpelier Re Reports Second Quarter Income
Montpelier Re Holdings Ltd reported financial results for the second quarter ended June 30, 2010. Fully converted book value per share was $22.31 at June 30, 2010, an increase of 4.9% for the quarter and 6.4% for the year to date, including dividends. The Company reported net income of $0.96 per share ($70 million) for the second quarter of 2010, and... Read more of this article
Platinum: 2nd Quarter Net Income $124 Million
Bermuda based Platinum Underwriters Holdings, Ltd today [July 20] reported net income of $124.1 million and diluted earnings per common share of $2.68 for the quarter ended June 30, 2010. The results for the quarter include net premiums earned of $191.4 million, net favorable development of $40.1 million and net investment income and net realized gains... Read more of this article
