Survival Quarterly Net Income Falls 23%
SAN FRANCISCO — Endurance Specialty Holdings expressed late Wednesday that fourth-quarter net income came in at USD 152.5 000 000, or USD 2.18 per common share, down 23% from a twelvemonth earlier when the Bermuda-based reinsurer made USD 198.8 000 000, or USD 2.70 per common share. Operational income, that omits after-tax completed investment gains and losings and strange exchange gains and losings, was USD 160.7 000 000, or USD 2.30 per common share, the society reported. Survival was expected to get USD 1.73 a part, according to the average estimate of 11 psychoanalysts in a Thomson Financial survey.