Navigation Links
Platinum Underwriters Holdings, Ltd. Reports Record Fourth Quarter and Year Ended December 31, 2007 Financial Results
Date:2/19/2008

HAMILTON, Bermuda, Feb. 19 /PRNewswire-FirstCall/ -- Platinum Underwriters Holdings, Ltd. (NYSE: PTP) today reported net income of $102.2 million, or $1.60 per diluted common share, for the quarter ended December 31, 2007 and net income of $357.0 million, or $5.38 per diluted common share, for the year ended December 31, 2007. The results for the quarter ended December 31, 2007 include net premiums earned of $302.0 million, a decrease of 4.3% from the same quarter last year, net favorable development of $28.3 million, compared with net favorable development of $23.7 million in the same quarter last year, and net investment income of $53.6 million, an increase of 5.4% from the same quarter last year.

Michael D. Price, Chief Executive Officer, commented, "Platinum produced record results in 2007 reflecting solid current period underwriting margins, strong investment income, the absence of major catastrophes and favorable prior period development. Our book value per share increased 20.2% from December 31, 2006 to $34.04 and reflects share repurchases during the year of $240.5 million at an average price of $34.68."

Mr. Price added, "In response to deteriorating reinsurance market conditions, we cut back our underwriting activity at January 1st. Our underwriting discipline coupled with greater retention by ceding companies has resulted in approximately 18% less premium bound at January 1st as compared to last year."

Mr. Price also stated, "Overall, 2007 was another successful year for Platinum. We produced excellent returns while maintaining prudent risk levels. We are strongly capitalized and if the business performs as expected, we anticipate generating excess capital allowing us to continue actively managing our capital
'/>"/>

SOURCE Platinum Underwriters Holdings, Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. Platinum Underwriters Holdings, Ltd. to Report Third Quarter 2007 Results on October 23, 2007
2. Disability Management Employer Coalition Names Mercer as Newest Platinum Sponsor
3. Mayo Clinic reports possible new therapy for patients with platinum-resistant ovarian cancer
4. IncentOne Receives Incentive Platinum Partner Award
5. Light powered platinum more targeted and 80 times more powerful than similar cancer treatments
6. Study reveals why certain ovarian cancers develop resistance to platinum-based chemotherapy
7. AMN Healthcare Services Acquires Platinum Select
8. Hooper Holmes to Exhibit at the 2007 Sixth Annual Association of Home Office Underwriters Conference
9. Pharmassets Underwriters Release Shares from Lock-Up
10. Darwin Professional Underwriters, Inc. Reports Record Net Income of $8.4 Million for the Third Quarter
11. Specialty Underwriters Alliance to Present at 2007 FBR Capital Markets Investor Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2015)... (PRWEB) March 27, 2015 Yisrayl Hawkins, Pastor ... says the only way to live in Peace is through ... a new article published this week. , The article titled, ... state of mankind and how straying away from the original ... Yisrayl says the system that has been created in the ...
(Date:3/27/2015)... The Thomas Scattergood Behavioral Health ... committed to raising its voice to improve the ... The Scattergood Foundation and The Kennedy Forum are ... Practice through the Annual Scattergood Foundation Innovation Award. ... designed to guide the IBS sufferer through 5 ...
(Date:3/26/2015)... 26, 2015 Let’s not lose focus ... produce are today’s traffic magnets. Three out of 4 ... of their produce department, according to a Packaged Facts ... people are looking to add more fruits and vegetables ... Manager® Day is April 2. As featured in the ...
(Date:3/26/2015)... (PRWEB) March 26, 2015 North American ... This website is dedicated to providing information regarding OT ... occupation therapy community. As a leader in live ... Seminars provided over 200 live and online continuing education ... continuing Education Courses :, A Master Clinicians Approach to ...
(Date:3/26/2015)... 26, 2015 Florida Hospital teamed up with ... Your Health campaign and live Dr. Oz event, which took ... 21st. More than a thousand people came out to see ... , The world renowned cardiothoracic surgeon and Emmy award ... Hurtado and a panel of experts for the live health ...
Breaking Medicine News(10 mins):Health News:The World Does Not Have to Continue in Misery, Says Yisrayl Hawkins in New Article 2Health News:SoundsLikeIBS Nominated For 3rd Annual Scattergood Innovation Award 2Health News:North American Seminars Launches Healthclick.com, a New Mobile Ready Website, Providing CME Course Information to PT, PTA, OT and ATC's 2Health News:North American Seminars Launches Healthclick.com, a New Mobile Ready Website, Providing CME Course Information to PT, PTA, OT and ATC's 3Health News:Florida Hospital Welcome Dr. Oz to Tampa and Invites the Community to Attend Educational Seminars Hosted by Florida Hospital Physicians 2Health News:Florida Hospital Welcome Dr. Oz to Tampa and Invites the Community to Attend Educational Seminars Hosted by Florida Hospital Physicians 3
... Consumers Urged To Use Online Quality Information Before Choosing a ... ... Leapfrog Group and the Buyers,Health Care Action Group (BHCAG) today released this ... 1,200,hospitals. Methodist Hospital in St. Louis Park, St. Mary,s Hospital in,Rochester and ...
... Angeles,Area Chamber of Commerce today endorsed Governor Schwarzenegger,s ... payroll fee on employers,with 10 or more employees ... much,to providing health insurance for their employees. The ... and other State,Legislators to use the Governor,s proposal ...
... CHICAGO, Sept. 17 Brookdale Senior Living,Inc. (NYSE: ... has declared a,quarterly cash dividend on its common stock ... 2007. The $0.50 per share dividend is payable,on October ... stock on,September 28, 2007. Brookdale Senior Living Inc. ...
... Takes $1 Million From Insurance Cos, Plans to Force ... Sept. 17 The following,media advisory was issued today ... When: 17th September 2007, 1:30 PM Pacific Standard Time ... Where: Satellite: Galaxy 26 C Band analog @ ...
... 2007 -- A new study by researchers at the University ... for you. , Researchers found that a storyline on ... obesity, hypertension and healthy eating habits had a positive impact ... , The study, published in the Sept. 14 Journal of ...
... public,service announcement is being issued by FMQAI: Helping ... time.,You could be that person. The Every Diabetic Counts ... Health Workers and,conduct a diabetes education program. Call ... place in this free, two and a half-day workshop. ...
Cached Medicine News:Health News:Four Minnesota Hospitals Rate High For Patient Safety and Quality 2Health News:Los Angeles Area Chamber of Commerce Endorses Governor Schwarzenegger's Health Care Proposal 2Health News:ER episode impacts viewers' health knowledge and behavior 2
(Date:3/26/2015)... , March 26, 2015  Flexpoint Sensor Systems, Inc. ... customers it has received and shipped during the last ... lot of interest in the sensors for gloves and ... or have had custom sensors built for them. Some ... received custom sensors for medical rehab; a major international ...
(Date:3/26/2015)... March 26, 2015  An Ohio entrepreneur is introducing a ... records.  As CEO for a start-up company known as ... a new business that will empower individuals to manage, review, ... today,s insecure methods. ... Data – will enable people to protect their own health ...
(Date:3/26/2015)... CAMBRIDGE, Mass. , March 26, 2015 ... today announced that it will present preclinical ... pipeline at the 2015 American Association for ... April 18-22, 2015 at the Pennsylvania Convention Center in Philadelphia. The ... antibody engineering and nanoliposomal technology platforms, as ...
Breaking Medicine Technology:Flexpoint Sensor Systems, Inc. Expands Customer Base with New Orders of Sensors 2Ohio Entrepreneur Develops Technology that Allows Patients Control Over Their Healthcare Records 2Ohio Entrepreneur Develops Technology that Allows Patients Control Over Their Healthcare Records 3Ohio Entrepreneur Develops Technology that Allows Patients Control Over Their Healthcare Records 4Merrimack to Highlight Extensive Oncology Pipeline at the 2015 American Association for Cancer Research Annual Meeting 2Merrimack to Highlight Extensive Oncology Pipeline at the 2015 American Association for Cancer Research Annual Meeting 3
... Aug. 1, 2011 Reportlinker.com announces that ... in its catalogue: Insulin- ... This package contains 14 ... European countries: Austria, Belgium, Denmark, Finland, France, ...
... Corporation announced today that 2011 year-to-date sales revenue rose ... continues the third year in a row for double-digit ... Oximeter product line was launched in 2008. ... is embracing the Spectros state-of-the-art broadband VLS tissue oximetry," ...
Cached Medicine Technology:Insulin- Western Europe 2Spectros Corporation Year-To-Date Oximeter Sales Revenue Up 51% in First Half of 2011 2
Wellpro 96 an automated liquid handling system for 96-well plates that quickly and accurately prepares large quantities of serial dilutions. The Wellpro also performs plate to plate transfers using ...
... is a compact and self-contained multichannel ... a unique flow-through device, which allows ... wash system. Optional refill system ... Will be upgradable to with ...
... the ideal system for fast, accurate filling of ... pinch valve controlled dispensing mechanism, ensures that no ... the components that come into contact with the ... autoclave. The unique compact design saves valuable bench ...
... is the ideal system for fast, accurate filling ... driven, pinch valve controlled dispensing mechanism, ensures that ... of the components that come into contact with ... and autoclave. The unique compact design saves valuable ...
Medicine Products: