06.08.2013 14:00:00
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Property and Casualty Companies Report Financial Results and Corporate Announcements - Research Report on Alleghany, RenaissanceRe, W.R. Berkley, Arch Capital Group, and Aspen
NEW YORK, August 6, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Alleghany Corp. (NYSE: Y), RenaissanceRe Holdings Ltd. (NYSE: RNR), W.R. Berkley Corporation (NYSE: WRB), Arch Capital Group Ltd. (NASDAQ: ACGL), and Aspen Insurance Holdings Ltd. (NYSE: AHL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Alleghany Corp. Research Report
On July 31, 2013, Alleghany Corp. (Alleghany) and Ares Management LLC (Ares) jointly announced a new strategic partnership. Under this partnership, Alleghany has invested $250 million for a 6.25% equity ownership interest in Ares, and hasalso committed to invest up to $1 billion of capital in various existing and new Ares investment strategies. According to Weston Hicks, President and Chief Executive Officer of Alleghany, "We are excited about the opportunity to work closely with Ares to enhance Alleghany's fixed income investment returns, while helping Ares expand its presence in the insurance industry. We believe our two organizations will be well-positioned to serve the converging reinsurance and capital markets." The Full Research Report on Alleghany Corp.- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-02/Y]
RenaissanceRe Holdings Ltd. Research Report
On July 30, 2013, RenaissanceRe Holdings Ltd. (RenaissanceRe) reported its financial results for Q2 2013. Net income available to RenaissanceRe common shareholders was $26.8 million or $0.60 per diluted common share, compared to $142.3 million or $2.75 per diluted share in Q2 2012. Commenting on the news, Kevin J. O'Donnell, CEO said, "In the second quarter of 2013, we generated an annualized operating ROE of 12.2% and increased our tangible book value per share plus dividends by 0.8%, despite several notable catastrophe losses and a challenging investment environment." The Full Research Report on RenaissanceRe Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-02/RNR]
W.R. Berkley Corporation Research Report
On July 22, 2013, W.R. Berkley Corporation (W.R. Berkley) reported its financial results for Q2 2013. Net income was $116 million or $0.82 per diluted share, compared to net income of $108.8million or $0.76 per diluted share in Q2 2012. The Company's operating income was $98.8 million or $0.70 per diluted share, compared to $93 million or $0.65 per diluted share. Commenting on the news, William R. Berkley, Chairman and Chief Executive Officer, said, "Our cumulative rate increases since 2010 are in excess of 18%, and our premium volume has grown by over 30% in the past two years. Our Company continues to improve its relative competitive position while avoiding the extreme volatility impacting the general marketplace." The Full Research Report on W.R. Berkley Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-02/WRB]
Arch Capital Group Ltd. Research Report
On July 25, 2013, Arch Capital Group Ltd. (Arch Capital Group) reported its financial results for Q2 2013. Total revenues increased by 1.1% YoY to $851.8 million. Net income available to common shareholders was $171.5 million or $1.26 per diluted share, compared to $202.0 million or $1.46 per diluted share in Q2 2012. Total expenses were $669.8 million compared to $621.4 million in Q2 2013. The Company also reported after-tax operating income available to common shareholders of $135.0 million, or $0.99 per share, compared to after-tax operating income available to common shareholders of $141.4 million, or $1.02 per share in Q2 2013. Arch Capital's book value per common share decreased 2.3% QoQ but increased 6.8% YoY to $36.80. The Full Research Report on Arch Capital Group Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-02/ACGL]
Aspen Insurance Holdings Ltd. Research Report
On July 24, 2013, Aspen Insurance Holdings Ltd. (Aspen) reported its financial results for Q2 2013. The Company's net written premiums were$612.7 million, an increase of 5.3% YoY. Net investment income was $45.9 million, compared to $52.8 million in Q2 2012. Net income after tax was $40.1 million, compared to $84.6 million. Chris O'Kane, Chief Executive Officer commented, "In the second quarter, Aspen delivered solid operating results in an above average catastrophe quarter, with our combined ratio excluding catastrophes improving modestly from last year. We continue to make progress on the three initiatives we outlined earlier this year to drive increased profitability." The Full Research Report on Aspen Insurance Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-02/AHL]
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SOURCE Investors' Reports
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Aktien in diesem Artikel
Arch Capital Group LtdShs | 95,39 | -0,49% | |
RenaissanceRe Holdings Ltd. | 270,00 | 0,75% | |
W. R. Berkley Corp. | 61,40 | 0,26% |