FACTBOX-Small, mid-sized insurers' premiums earned

lunes 11 de agosto de 2008 21:06 CEST
 

 Aug 11 (Reuters) - Several insurers have reported lower
earnings for the second quarter hurt by the soft market, lower
rates and increased competition.
 Insurers, which have been recording strong earnings over
the past two years helped by fewer large claims, earned lower
premiums for the quarter taking a hit from a fall in insurance
rates.
 The insurance rate that U.S. insurers charge for some types
of business coverage fell as much as 30 percent in the quarter,
although catastrophe rates rose in some areas, according to a
survey conducted by the Council of Insurance Agents and
Brokers.
 Following are some insurance companies that reported
quarterly results in the last two weeks and the amounts they
earned as premiums.
 Cincinnati Financial Corp (CINF.O: Cotización)
 Q2 earnings                        $0.38/shr vs $2.02/shr
 Operating earnings                 $0.42/shr
 Reuters Estimates                  $0.28/shr
 Net premium earned                 $794 mln vs $822 mln
 Net investment income              $130 mln vs $150 mln
 Share performance (12 months)      Down 30 percent
 Aspen Insurance Holdings Ltd (AHL.N: Cotización)
 Q2 earnings                        $1.44/shr vs $1.14/shr
 Operating earnings                 --
 Reuters Estimates                  $1.08/shr
 Net premium earned                 $397.3 mln vs $451.2 mln
 Net investment income              $70.5 mln vs $78.8 mln
 Share performance (12 months)      Up 14 percent
 Mercury General Corp (MCY.N: Cotización)
 Q2 Earnings                        $1.29/shr vs $1.27/shr
 Operating Earnings                 $0.86/shr
 Reuters Estimates                  $0.98/shr
 Net Premium earned                 $711.2 mln vs $754.1 mln
 Net investment income              $39.0 mln vs $40.8 mln
 Share performance (12 months)      Down 7 percent
 Markel Corp (MKL.N: Cotización)
 Q2 earnings                        $8.29/shr vs $12.15/shr
 Operating earnings                 --
 Reuters Estimates                  $7.00/shr
 Net premium earned                 $503.7 mln vs $531.2 mln
 Net investment income              $76.5 mln vs $77.2 mln
 Share performance (12 months)      Down 28 percent
 United America Indemnity Ltd INDM.O
 Q2 earnings                       -$0.26/shr vs $0.69/shr
 Operating earnings                -$0.22/shr
 Reuters Estimates                  $0.41/shr
 Net premium earned                 $100.7 mln vs $136.6 mln
 Net investment income              $17.1 mln vs $19.3 mln
 Share performance (12 months)      Down 33 percent
 Allied World Assurance Holdings Ltd (AWH.N: Cotización)
 Q2 earnings                        $1.56/shr vs $1.96/shr
 Operating earnings                 $1.64/shr
 Reuters Estimates                  $1.96/shr
 Net premium earned                 $268.9 mln vs $303.1 mln
 Net investment income              $72.3 mln vs $73.9 mln
 Share performance (12 months)      Down 15 percent
 ProAssurance Corp (PRA.N: Cotización)
 Q2 earnings                        $1.27/shr vs $1.06/shr
 Operating earnings                 --
 Reuters Estimates                  $1.18/shr
 Net premium earned                 $115.8 mln vs $132.7 mln
 Net investment income              $41.3 mln vs $44.5 mln
 Share performance (12 months)      Up 1 percent
 Amtrust Financial Services Inc (AFSI.O: Cotización)
 Q2 earnings                        $0.43/shr vs $0.35/shr
 Operating earnings                 $0.46/shr
 Reuters Estimates                  $0.38/shr
 Net premium earned                 $115.9 mln vs $130.4 mln
 Net investment income              $14.2 mln vs $13.0 mln
 Share performance (12 months)      Down 1 percent
 FPIC Insurance Group Inc FPIC.O
 Q2 earnings                        $1.16/shr vs $1.01/shr
 Operating earnings                 $1.17/shr
 Reuters Estimates                  $1.10/shr
 Net premium earned                 $42.8 mln vs $49.4 mln
 Net investment income              $7.6 mln vs $7.7 mln
 Share performance (12 months)      Up 48 percent
 American Physicians Capital Inc ACAP.O
 Q2 earnings                        $1.11/shr vs $1.44/shr
 Operating earnings                 $1.11/shr
 Reuters Estimates                  $1.10/shr
 Net premium earned                 $31.4 mln vs $34.9 mln
 Net investment income              $9.2 mln vs $11.2 mln
 Share performance (12 months)      Up 29 percent
 --Reuters Estimates figure excludes any special items
(Compiled by Amiteshwar Singh and Santosh Nadgir in Bangalore)