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 /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: [http://www.AnalystsCorner.com/r/full_research_report/9550_WRB]
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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: [http://www.AnalystsCorner.com/r/full_research_report/3dcb_L]
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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 at: [http://www.AnalystsCorner.com/r/full_research_report/4bc5_AWH]
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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: [http://www.AnalystsCorner.com/r/full_research_report/dd59_PRE]
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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: [http://www.AnalystsCorner.com/r/full_research_report/d342_PTP]
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