Hamilton, Bermuda-based insurer OneBeacon Insurance Group said it expects the book value per share will drop more than $2 due to after tax losses on its investments.
The company said it expects the book value per share to be reduced from $16.85 as of June 30 to between $14.10 and $14.40 as of Sept. 30.
Results, said OneBeacon, have not been reviewed by the company's independent auditors and are subject to change.
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