Allied World Assurance Group reported a 52 percent jump in first-quarter net income yesterday, attributing the result to a better combined ratio and a boost in net investment income over last year's first quarter.
Like many other Bermuda companies reporting first-quarter financial results earlier this year, that also reported better underwriting and investment results on flat or declining premium, Allied World said its premiums were roughly flat--at half a billion dollars.
Specifically, gross premiums for the quarter were $498.1 million, compared with $505.3 million last year.
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