Platinum Posts Quarterly Profit

NU Online News Service, Nov. 13, 3:36 p.m. EST?Platinum Underwriters Holdings, the reinsurance unit spun off by The St. Paul Companies last year, reported $37.8 million in net income for its third quarter, with a combined ratio of 85.4.

The company said net premiums written were $281.3 million and net premiums earned came in at $272.3 million during Platinum's first third quarter since its public offering in Oct. 2002.

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