Validus Holdings reports third-quarter net income was down 11.5 percent to $183.4 million.
The Pembroke, Bermuda insurer and reinsurer says underwriting income during the third quarter was $166.8 million compared to $143.1 million a year ago during the same time.
The combined ratio of 68.6 improved slightly from 69.9 last year during the third quarter. This year's combined ratio result was aided by 12.2 points attributable to favorable loss reserve development.
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