Allied World Assurance Q3 Profit Down

(RTTNews) - Allied World Assurance Company Holdings, AG (AWH) Wednesday reported third-quarter net income of $30.9 million or $0.31 per share, down from $122.8 million or $1.18 per share last year.

Operating income dropped to $60.6 million or $0.61 per share from $101.8 million or $0.98 per share last year.

Net premiums earned for the quarter rose to $541.7 million from $510.8 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.74 per share on revenues of $551.24 million for the quarter. Analysts' estimates typically exclude special items.