Financial Results, New Appointments, Upcoming Earnings and Investors
Conferences Schedules - Research Report on W.R. Berkley, Loews, Allied World,
PartnerRe, and Platinum Underwriters
NEW YORK, October 25, 2013
NEW YORK, October 25, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting W.R.
Berkley Corporation (NYSE: WRB), Loews Corporation (NYSE: L), Allied World
Assurance Company (NYSE: AWH), PartnerRe Ltd. (NYSE: PRE) and Platinum
Underwriters Holdings Ltd. (NYSE: PTP). Today's readers may access these
reports free of charge - including full price targets, industry analysis and
analyst ratings - via the links below.
W.R. Berkley Corporation Research Report
On October 21, 2013, W.R. Berkley Corporation (W.R. Berkley) released its Q3
2013 financial results. The Company reported net income of $137.0 million, or
$0.97 per share for Q3 2013, compared with $100.9 million, or $ 0.71 per
share, in Q3 2012. During the quarter, net premiums written went up 11.6% YoY,
and average rates on renewed policies went up 6.4% YoY. In addition, the
Company reported that its GAAP combined ratio (the sum of the loss ratio and
the expense ratio) was 93.9%, while return on equity was 12.7%. Commenting on
the results, William R. Berkley, Chairman and CEO, said, "The third quarter
moved us forward in many ways. We continued to see our loss ratio improve and
our return on equity increase. Cumulative pricing in our domestic insurance
segment is up approximately 18% over the past three years. The Company's
combined ratio should improve as these higher rates are fully reflected in
earned premium. However, current prices on an inflation adjusted basis are
still below the peak levels achieved in 2004. We expect continued improvement
in our combined ratio over the coming year." The Full Research Report on W.R.
Berkley Corporation - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
Loews Corporation Research Report
On October 9, 2013, Loews Corporation (Loews) reported that it will declare
its Q3 2013 financial results on Monday, October 28, 2013. A conference call
for analysts and investors is scheduled to begin at 11:00 a.m. EDT, and will
be hosted by the Company's CEO, James S. Tisch, and CFO, Peter W. Keegan.
Interested parties can access the news release and a live webcast of the
conference call via the Loews Corporation website, where a replay of the call
will also be available. The Full Research Report on Loews Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
Allied World Assurance Company Research Report
On October 17, 2013, Allied World Assurance Company (Allied World) announced
that its shareholders have appointed Eric S. Schwartz to its Board of
Directors. The Company informed that Mr. Schwartz was elected during a special
shareholder meeting to serve a term expiring at its annual shareholder meeting
(to be held in May 2014). Commenting on the appointment, Allied World's
President and CEO Scott Carmilani said, "Eric is a great addition to our
Board. His comprehensive experience in corporate finance and investment
matters and his international business background will be a tremendous asset.
I look forward to working with our Board to continue to grow Allied World's
business globally and build value for our shareholders." The Full Research
Report on Allied World Assurance Company - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
PartnerRe Ltd. Research Report
On October 3, 2013, PartnerRe Ltd. (PartnerRe) reported that it will release
its Q3 2013 and 9M 2013 results after market close on Monday, October 28,
2013. PartnerRe senior management will host a dial-in conference call,
including a Q&A session on the following day, October 29, 2013, at 10:00 a.m.
The Company informed that all interested parties can access the webcast of the
call via the Investor Relations section of PartnerRe's website. The Full
Research Report on PartnerRe Ltd. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
Platinum Underwriters Holdings Ltd. Research Report
On October 16, 2013, Platinum Underwriters Holdings Ltd. (Platinum) released
its Q3 2013 financial results. The Company reported a net income of $38.3
million and diluted earnings per common share of $1.32 for Q3 2013, compared
to net income of $84.9 million or $2.54 per share in Q3 2012. The net premiums
earned by the Company during the quarter were $135.4 million, slightly lower
compared to $138.6 million earned during Q3 2012. Reflecting on the quarter's
performance, Michael D. Price, Platinum's CEO said, "Our performance reflects
favorable prior period development, investment results on a total return basis
and active capital management. Our book value per common share was $60.87 as
of September 30, 2013, an increase of 2.0% from June 30, 2013." Price added,
"Our talented professionals, strong balance sheet and financial flexibility
allow us to operate effectively in the current challenging market conditions.
We currently expect to write a portfolio of business in 2014 that is similar
to our 2013 portfolio." The Full Research Report on Platinum Underwriters
Holdings Ltd. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
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