Allied World reports third quarter net loss of $46.4m
Allied World, the Bermudian (re)insurer, reported a net third quarter loss of $46.4m, compared to net income of $109m, for the third quarter of 2007. Net income for the nine months ended September 30, 2008 was $163.8m, compared to net income of $346.2m, for the first nine months of 2007.
The company reported operating income of $102.8m, for the third quarter of 2008 compared to operating income of $112.2m, or $1.77 per diluted share, for the third quarter of 2007.
Allied World’s
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