Pembroke, Bermuda-based specialty insurer and reinsure Endurance Specialty Holdings Ltd. reported net income dropped 24 percent primarily on the loss in investment income.

The insurer reported net income fell $24 million to $78 million, which translated into earnings per share of $1.15 a share. The company reported revenues of $407 million, a decrease of 8 percent or $37 million.

Gross premium written rose 52 percent, or $295 million to $869 million with a combined ratio of 84.4.

Kenneth J. LeStrange, chairman and chief executive officer called the results "solid" despite financial market volatility. Much of the premium growth was in the company's agriculture insurance business.

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
NOT FOR REPRINT

© 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.