Allied World Assurance (AWH) Misses Q4 EPS by 12c
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Allied World Reports 97.0% Combined Ratio for the Fourth Quarter 2015
February 3, 2016 4:15 PM ESTFull year combined ratio of 95.1% and underwriting income of $120.4 million Record full year gross premiums written of $3.1 billion and net premiums earned of $2.5 billion, an increase of 5.4% and 14.0%, respectively, compared to the prior year In October, the company issued $500 million of 4.35% senior notes due in 2025 to refinance the existing $500 million of 7.50% senior notes due in August 2016 During the fourth quarter, the company completed the purchase price adjustments related to the Asian acquisitions. The final purchase price of the acquisitions is $176 million, down 18% from the $215 million at... More
