Hashtag: #PlatinumUnderwritersHoldings
Platinum Underwriters Downgraded By Zacks
Bermuda-based Platinum Underwriters was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday [Apr. 8], AnalystRatingsNetwork.com reports. They currently have a $58.30 target price on the stock. The company has a market cap of $1.834 billion and a price-to-earnings ratio of 5.84. Platinum... Read more of this article
Platinum Declares $0.08 Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. has declared a quarterly dividend of $0.08 per common share. The dividend is payable on March 29, 2013 to shareholders of record on March 1, 2013. Related Stories Aircare Announces Christmas Sale Somers Share Repurchases For November Premier’s Condolences To Green Family MarketPlace & Supermart... Read more of this article
Platinum Estimates SuperStorm Loss: $30M
Bermuda-based Platinum Underwriters Holdings, Ltd. said it expects Hurricane Sandy will have a net negative impact of approximately $30 million on the Company’s results for the quarter ended December 31, 2012. The net negative impact from Hurricane Sandy includes a preliminary estimate of losses and loss adjustment expenses, net of retrocessional... Read more of this article
Platinum Declares $0.08 Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced today that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on December 31, 2012 to shareholders of record on December 3, 2012. Related Stories Aircare Announces Christmas Sale Somers Share Repurchases For November Premier’s Condolences... Read more of this article
Platinum Underwriters Q3 Net Income: $84.9M
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $84.9 million and diluted earnings per common share of $2.54 for the quarter ended September 30, 2012. The results for the quarter include net premiums earned of $138.6 million, net favorable development of $61.3 million, net investment income of $23.2 million and net realized... Read more of this article
Platinum Increase Share Repurchase Program
Bermuda-based Platinum Underwriters Holdings, Ltd. has increased the authorized amount under its existing share repurchase program to a total of up to $250.0 million of its common shares. This represents an increase of approximately $163.3 million from the approximately $86.7 million remaining in the program. Repurchases under the program may be made... Read more of this article
Platinum Underwriters Report Q2 Results
Bermuda-based Platinum Underwriters Holdings, Ltd.reported net income of $67.5 million and diluted earnings per common share of $1.97 for the quarter ended June 30, 2012. The results for the quarter include net premiums earned of $145.1 million, net favorable development of$23.2 million, net investment income of $26.2 million and net realized... Read more of this article
Platinum Ltd. Net Income 2012 Q1: $53.3M
Bermuda based Platinum Underwriters Holdings, Ltd. reported net income of $53.3 million and diluted earnings per common share of $1.49 for the quarter ended March 31, 2012. The results for the quarter include net premiums earned of $138.2 million, net favorable development of $27.8 million, net investment income of $28.6 million and net realized gains... Read more of this article
Platinum Estimates Catastrophe Losses: $24.8M
Platinum Underwriters Holdings, Ltd. announced that it expects major catastrophe losses will have a net negative impact of approximately $24.8 million on the Company’s results for the quarter ended March 31, 2012. The estimated net negative impact relates primarily to severe weather, including tornadoes and hailstorms in Kentucky and Tennessee,... Read more of this article
Stable Outlook For Platinum Ratings
A.M. Best Co. today [Mar. 27] affirmed the financial strength rating of A [Excellent] and issuer credit ratings [ICR] of “a” of Platinum Underwriters Bermuda, Ltd. [Platinum] and its strategic affiliate, Platinum Underwriters Reinsurance, Inc. A.M. Best also has affirmed the ICR of “bbb” of Bermuda-based Platinum Underwriters Holdings, Ltd.... Read more of this article
Platinum To Report Q/1 Results In April
Bermuda-based Platinum Underwriters Holdings, Ltd.will report financial results for the quarter ended March 31, 2012 after the close of trading on the New York Stock Exchange on Wednesday, April 18, 2012. The company will host a teleconference to discuss the financial results on Thursday, April 19, 2012 at 8:00 a.m. Eastern time. Platinum Underwriters... Read more of this article
Platinum Declares Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on March 30, 2012 to shareholders of record on March 1, 2012. Related Stories Aircare Announces Christmas Sale Somers Share Repurchases For November Premier’s Condolences To... Read more of this article
