American Safety Insurance Q2 Loss Estimate
American Safety Insurance Holdings, Ltd’s 2012 second quarter results will include weather related property losses of approximately $3 million to $3.5 million after tax.
The losses were in the Company’s dealer open lot program, which is in runoff, and were related to severe hail storms in the United States. As a result of these losses, the Company anticipates earnings per fully diluted share for the quarter to be in the range of $.20 to $.25.
American Safety Insurance Holdings, Ltd., a Bermuda holding company, expects to release second quarter 2012 financial results on Wednesday, August 1, 2012, after the close of the market.
