Converium results show improvement
Converium made a loss before taxes of $16.4m for the first half of 2005, a dramatic improvement on the previous year, when it registered a loss before taxes of $295m. Net income for the first six months of the year came to $9m, again up substantially on the net loss of $594.3m over the same period of 2004.
For the second quarter of 2005 Converium reported income before taxes of $49.2m, pre-tax operating income of $60.7m and net income of $70.8m. All business segments contributed to the quarter'sOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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