Platinum Has Golden Q1 Results, Hires New Chief
NU Online News Service, May 14, 1:00 p.m. EDT?Platinum Underwriters Holdings, the reinsurance unit spun off by The St. Paul Companies last year, posted solid results for its first quarter of 2003 and announced the hiring of a new head.
In its first full-quarter report since its initial public offering last October, the Bermuda-based company reported a net profit of $30.6 million, or 71 cents per share. Net premiums written for the quarter were $360.1 million and net premiums earned were $238.1 million. Platinum's net investment income was $14.2 million for the first quarter ending March 31.
Recommended For You
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
Already have an account? Sign In Now
© 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.
