Validus 2011 Q2 Net Income: $109.9 Million
Bermuda based Validus Holdings, Ltd. today [July 27] reported net income of $109.9 million for the 2011 second quarter, compared for the 2010 second quarter.
A statement released by the companys said, “Net income available to Validus of $109.9 million, or $1.05 per diluted common share for the three months ended June 30, 2011, compared to $179.8 million, or $1.44 per diluted common share, for the three months ended June 30, 2010.”
Net (loss) attributable to Validus for the six months ended June 30, 2011 was ($62.5) million, or ($0.68) per diluted common share compared with net income available to Validus of $61.4 million, or $0.46 per diluted common share for the six months ended June 30, 2010.”
“Net operating income available to Validus for the three months ended June 30, 2011 was $81.8 million, or $0.78 per diluted common share, compared with $129.8 million, or $1.04 per diluted common share, for the three months ended June 30, 2010.
“Net operating (loss) attributable to Validus for the six months ended June 30, 2011 was ($83.7) million, or ($0.89) per diluted common share, compared with ($6.6) million, or ($0.08) per diluted common share, for the six months ended June 30, 2010.”
