Allied World Q1 2014 Net Income: $177.0 million
Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the first quarter of 2013.
The company reported operating income of $129.9 million, or $3.84 per diluted share, for the first quarter of 2014, compared to operating income of $84.2 million, or $2.38 per diluted share, for the first quarter of 2013.
President and Chief Executive Officer Scott Carmilani commented, “Allied World is off to a great start in 2014. Premium growth in selected products and record underwriting income drove our combined ratio below 80%.
“Our focus on solid underwriting and investment expertise generated 4.4% growth in diluted book value per share. We remain well positioned to take advantage of opportunities across the market.”
