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United America Indemnity, Ltd. Reports Third Quarter 2007 Results and Share Repurchase Program
Date:10/24/2007

with the U.S. Securities and Exchange Commission (SEC). United America Indemnity, Ltd. does not make any commitment to revise or update any forward-looking statements in order to reflect events or circumstances occurring or existing after the date any forward-looking statement is made.

United America Indemnity, Ltd.

Consolidated Statements of Operations

(Dollars and shares in thousands, except per share data)

For the Three Months For the Nine Months

Ended September 30, Ended September 30,

2007 2006 2007 2006

Gross premiums written $140,915 $167,862 $442,134 $494,715

Net premiums written $122,568 $145,654 $387,137 $423,679

Net premiums earned $133,449 $137,327 $408,471 $406,508

Investment income, net 19,870 15,569 58,055 47,184

Net realized investment

gains (losses) (614) (1,423) 1,153 (1,384)

Total revenues 152,705 151,473 467,679 452,308

Net losses and loss

adjustment expenses 74,511 75,643 231,596 235,071

Acquisition costs and

other underwriting

expenses 43,376 43,591 130,920 129,754

Corporate and other

operating expenses 3,080 2,844 9,537 10,970

Interest expense 2,770 3,063 8,574 8,741

Income before

income taxes 28,968 26,332 87,052 67,772

Income tax expense 4,664 5,228 14,688 8,961

Net income before minority

interest and equity in net

income of partnership 24,304 21,104 72,364 58,811

Equity in net income

(loss) of pa
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SOURCE United America Indemnity, Ltd.
Copyright©2007 PR Newswire.
All rights reserved

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