Hashtag: #PlatinumUnderwritersHoldings
Platinum Report $223.3M Net Income For 2013
Bermuda-based Platinum Underwriters Holdings, Ltd reported net income of $48.6 million and diluted earnings per common share of $1.71 for the quarter ended December 31, 2013 and net income of $223.3 million and diluted earnings per common share of $7.35 for the year ended December 31, 2013. The results for the quarter include net premiums earned of... Read more of this article
Platinum Reports Net Income Of $38.3 Million
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $38.3 million and diluted earnings per common share of $1.32 for the quarter ended September 30, 2013. The results for the quarter include net premiums earned of $135.4 million, net favorable development of $41.2 million, net investment income of $17.8 million and net losses from... Read more of this article
Platinum Increases Share Repurchase Program
Bermuda-based Platinum Underwriters Holdings, Ltd. has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. Repurchases under the program may be made in open market or privately negotiated transactions or otherwise, from time to time, depending on market conditions. The... Read more of this article
Platinum Reports 2013 Q2 Earnings Of $49.9M
Bermuda-based Platinum Underwriters Holdings reported net income of $49.9 million and diluted earnings per common share of $1.61 for the quarter ended June 30, 2013. The results for the quarter include net premiums earned of $142.9 million, net favorable development of $44.1 million, net investment income of $17.8 million and net realized gains on investments... Read more of this article
Platinum To Report Q/2 Earnings On July 17
Platinum Underwriters Holdings, Ltd., a Bermuda provider of property, casualty and finite risk reinsurance coverage through reinsurance intermediaries, will report financial results for the quarter ended June 30, 2013 after the close of trading on the New York Stock Exchange on Wednesday, July 17, 2013. The company will host a teleconference to discuss... Read more of this article
A.M. Best: Platinum’s “Solid” Performance
A.M. Best Co. this week affirmed the financial strength rating of A [Excellent] and issuer credit ratings [ICR] of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Platinum Underwriters Reinsurance, Inc. of Baltimore. A.M. Best also has affirmed the ICR of “bbb” and debt ratings of Bermuda’s Platinum Underwriters... Read more of this article
Platinum Underwriters Declares $0.08 Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced on Wednesday [Apr. 24] that the board of directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on June 28, 2013 to shareholders of record on June 3, 2013. Platinum Underwriters Holdings, Ltd. is a leading provider of property, casualty and finite risk... Read more of this article
Platinum Underwriters’ First Quarter Results
Platinum Underwriters Holdings, Ltd. — a Bermuda-based provider of property and casualty reinsurance — coverage yesterday [Apr. 17] reported net income of $86.5 million and diluted earnings per common share of $2.63 for the quarter ended March 31, 2013. The results for the quarter include net premiums earned of $126.9 million, net favorable... Read more of this article
Platinum Underwriters Downgraded By Zacks
Bermuda-based Platinum Underwriters was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday [Apr. 8], AnalystRatingsNetwork.com reports. They currently have a $58.30 target price on the stock. The company has a market cap of $1.834 billion and a price-to-earnings ratio of 5.84. Platinum... Read more of this article
Platinum Declares $0.08 Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. has declared a quarterly dividend of $0.08 per common share. The dividend is payable on March 29, 2013 to shareholders of record on March 1, 2013. Related Stories Compre Redomiciles To Bermuda Convex Group Releases 2023 Financial Report LOM Financial Company Share Repurchases BDA & Chubb To Host... Read more of this article
Platinum Estimates SuperStorm Loss: $30M
Bermuda-based Platinum Underwriters Holdings, Ltd. said it expects Hurricane Sandy will have a net negative impact of approximately $30 million on the Company’s results for the quarter ended December 31, 2012. The net negative impact from Hurricane Sandy includes a preliminary estimate of losses and loss adjustment expenses, net of retrocessional... Read more of this article
Platinum Declares $0.08 Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced today that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on December 31, 2012 to shareholders of record on December 3, 2012. Related Stories Compre Redomiciles To Bermuda Convex Group Releases 2023 Financial Report LOM Financial... Read more of this article
Platinum Underwriters Q3 Net Income: $84.9M
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $84.9 million and diluted earnings per common share of $2.54 for the quarter ended September 30, 2012. The results for the quarter include net premiums earned of $138.6 million, net favorable development of $61.3 million, net investment income of $23.2 million and net realized... Read more of this article
Platinum Increase Share Repurchase Program
Bermuda-based Platinum Underwriters Holdings, Ltd. has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. This represents an increase of approximately $163.3 million from the approximately $86.7 million remaining in the program. Repurchases under the program may be made... Read more of this article
Platinum Underwriters Report Q2 Results
Bermuda-based Platinum Underwriters Holdings, Ltd.reported net income of $67.5 million and diluted earnings per common share of $1.97 for the quarter ended June 30, 2012. The results for the quarter include net premiums earned of $145.1 million, net favorable development of$23.2 million, net investment income of $26.2 million and net realized... Read more of this article
Platinum Ltd. Net Income 2012 Q1: $53.3M
Bermuda based Platinum Underwriters Holdings, Ltd. reported net income of $53.3 million and diluted earnings per common share of $1.49 for the quarter ended March 31, 2012. The results for the quarter include net premiums earned of $138.2 million, net favorable development of $27.8 million, net investment income of $28.6 million and net realized gains... Read more of this article
