Endurance Specialty's Profit Up Sharply
NU Online News Service, May 6, 9:57 a.m. EDT?Endurance Specialty Holdings said a stronger underwriting performance led to a first-quarter profit of $51.2 million, or 86 cents per share, up from $3.3 million, or five cents per share, for last year's first quarter.
The Bermuda-based property-casualty insurance and reinsurance provider said its gross premiums written were $362.1 million for the 2003 first quarter, up from $130.9 million during the corresponding period last year. Net premiums written also rose, to $360.1 million, compared to $130.9 million in the quarter last year.
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