Allied World Assurance Posts Q2 Loss - Quick Facts

(RTTNews) - Allied World Assurance Co. Holdings, AG (AWH) Thursday reported second-quarter loss of $1.9 million or $0.05 per share, compared to profit of $96.4 million or $2.59 per share in the same period last year.

Operating income for the quarter was $103.5 million or $2.95 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $1.75 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $429.71 million from $480.86 million last year. Analysts expected revenues of $498.35 million.

Net-premiums earned increased 18 percent to $507.3 million from $429.7 million last year. Net-investment income totaled $37.6 million, down from $42.5 million last year. Combined ratio was 82.8 percent, compared to 85.1 percent last year.