Allied World Reports Net Income Of $153.4M
Allied World Assurance Company Holdings reported net income of $153.4 million, or $1.70 per diluted share, for the second quarter of 2016, compared to net income of $9.5 million, or $0.10 per diluted share, for the second quarter of 2015.
The company reported operating income of $82.7 million, or $0.91 per diluted share, for the second quarter of 2016, compared to operating income of $25.8 million, or $0.27 per diluted share, for the second quarter of 2015.
“I am very pleased with our results this quarter, which were attributable to strong performances across both the underwriting and investment portfolios,” commented President and Chief Executive Officer, Scott Carmilani.
“In particular, with a combined ratio of 92.3%, our North American Insurance business is showing the strength and results of our focused build out.”
