Odyssey Re Holdings Corp. announced a fourth-quarter loss and a restatement of earnings stemming from finite insurance accounting irregularities.
For the fourth quarter of 2005 the company lost $81.7 million compared to earnings of $57.2 million in the comparable period in 2004.
The Stamford, Conn.-based company also announced it was restating results from 2001 through 2004 along with the first three quarters of last year after an internal review of contracts with finite characteristics.
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