Validus says third quarter loss slides on US hurricane losses
Validus reported a third quarter loss of $126.3m, down from a net income of $136.5m this time last year. Net income for the nine months ended September 30, 2008 was $16.1m, compared with $264.0m, for the corresponding period in 2007.
Net operating loss for the quarter was $53.1m, compared with net operating income of $127.9m, for the quarter ended September 30, 2007.
Operating income for the nine months ended September 30, 2008
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