Endurance Says Quarterly Profit Doubled
NU Online News Service, Jan. 23, 3:37 p.m. EST?
The company said the gross premiums written and acquired for the fourth quarter were $262.2 million, a 50 percent increase from the $175.3 million reported for the 2002 fourth quarter. Earned premiums in the quarter were $356.0 million, a 116 percent increase from the 2002 fourth quarter. The quarterly combined ratio also improved to 82.5 percent, down from 87.1 one year ago.
For overall 2003, Endurance said it has earned $263.4 million in net income. Its gross premiums written and acquired for the year were $1.6 billion, double the prior year. The combined ratio for the year was 84.7 percent, better than 86.2 reported for 2002.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
