Allied World Reports Record Operating Results in Third Quarter 2009; 27.4% Increase in Total Book Value Year to Date; 11% Dividend Increase...(and loss expense ratio 92.8% ...),Health

Date:11/5/2009

and loss expense ratio 92.8% 75.9% 46.9% 64.7% Acquisition cost ratio 8.9% 1.5% 19.4% 10.5% General and administrative expense ratio 33.1% 15.9% 9.5% 15.0% Combined ratio 134.8% 93.3% 75.8% 90.2% ALLIED WORLD ASSURANCE COMPANY HOLDINGS, LTD UNAUDITED CONSOLIDATED SEGMENT DATA (Expressed in thousands of United States dollars, except for ratio information) Nine Months Ended U.S. International September 30, 2009 Insurance Insurance Reinsurance Total Gross premiums written $505,710 $425,672 $442,834 $1,374,216 Net premiums written 369,912 275,066 442,453 1,087,431 Net premiums earned 327,850 320,706 337,855 986,411 Other income 1,133 - - 1,133 Net losses and loss expenses (143,090) (141,595) (177,972) (462,657) Acquisition costs (42,308) (3,243) (65,170) (110,721) General and administrative expenses (86,518) (58,599) (34,458) (179,575) Underwriting income 57,067 117,269 60,255 234,591 Net investment income 227,423 Net realized investment gains 88,556 Net impairment charges recognized in earnings (49,390) Interest expense (29,492) Foreign exchange gain 660 Income before income taxes $472,348 GAAP Ratios: Loss and loss expense ratio 43.6% 44.2% 52.7% 46.9% Acquisition cost ratio 12.9% 1.0% 19.3% 11.2%
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SOURCE Allied World Assurance Company Holdings, Ltd Copyright©2009 PR Newswire. All rights reserved

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