Allied World Reports Record Operating Results in Third Quarter 2009; 27.4% Increase in Total Book Value Year to Date; 11% Dividend Increase...(46861 Net impairment charges reco...),Health

Date:11/5/2009

46,861 Net impairment charges recognized in earnings (1,953) Interest expense (9,523) Foreign exchange gain 273 Income before income taxes $206,102 GAAP Ratios: Loss and loss expense ratio 37.7% 29.0% 55.3% 41.5% Acquisition cost ratio 12.9% 0.5% 18.2% 11.1% General and administrative expense ratio 24.2% 20.3% 9.8% 17.8% Combined ratio 74.8% 49.8% 83.3% 70.4% Quarter Ended U.S. International September 30, 2008 Insurance Insurance Reinsurance Total Gross premiums written $64,828 $132,612 $93,541 $290,981 Net premiums written 45,674 95,943 92,286 233,903 Net premiums earned 32,034 116,377 123,562 271,973 Net losses and loss expenses (29,728) (88,328) (57,954) 176,010) Acquisition costs (2,852) (1,794) (23,969) (28,615) General and administrative expenses (10,609) (18,483) (11,702) (40,794) Underwriting (loss) income (11,155) 7,772 29,937 26,554 Net investment income 76,916 Net realized investment losses (76,849) Net impairment charges recognized in earnings (75,027) Interest expense (9,515) Foreign exchange gain 2,728 Loss before income taxes $(55,193) GAAP Ratios: Loss
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SOURCE Allied World Assurance Company Holdings, Ltd Copyright©2009 PR Newswire. All rights reserved

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