Allied World Has Higher 3Q Earnings
NU Online News Service, Nov. 7, 3:20 p.m. EST?Allied World Assurance Holdings, Ltd., based in Bermuda, reported third-quarter net income of $71.6 million, up from $40.9 million in last year's third quarter. Net income for the nine months ending Sept. 30 was $201.2 million, compared to $84.9 million for the same period last year.
The company's combined ratio for the third quarter was 86.2 percent, compared to 91.2 percent for last year's third quarter. Through the first nine months of 2003, the combined ratio was 86.7 percent, compared to 89.7 percent for the first nine months of 2002.
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