Allied World Q3 2015 Net Loss: $51.6 Million
Allied World Assurance Company Holdings, AG reported a net loss of $51.6 million, or $0.57 per share, for the third quarter of 2015 compared to net income of $30.9 million, or $0.31 per diluted share, for the third quarter of 2014.
The company reported operating income of $51.4 million, or $0.55 per diluted share, for the third quarter of 2015, compared to operating income of $60.6 million, or $0.61 per diluted share, for the third quarter of 2014.
“Despite a challenging investment environment and a large event loss, we believe we are well positioned to create shareholder value,” commented President and Chief Executive Officer Scott Carmilani. “We continue to be excited about the attractive platform we have built over the last few years.”
