OneBeacon Insurance Group (OB) Tops Q1 EPS by 16c

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Go back to OneBeacon Insurance Group (OB) Tops Q1 EPS by 16c

OneBeacon Reports $10.78 Book Value Per Share

May 2, 2016 7:00 AM EDT

HAMILTON, Bermuda, May 2, 2016 /PRNewswire/ -- OneBeacon Insurance Group, Ltd. (NYSE: OB) today reported book value per share of $10.78, reflecting an increase of 4.4% for the first quarter of 2016, including dividends.

Mike Miller, CEO of OneBeacon, said, "The year is off to a good start, with 4.4% growth in book value and a 95.2% GAAP combined ratio. Premium growth has been challenging, particularly in our more mature businesses, as we maintain underwriting discipline in an increasingly competitive market."

OneBeacon reported comprehensive income of $46.4 million for the first quarter of 2016, compared to $24.3 million for... More