Allied World Assurance Company Holdings, AG (NYSE:AWH) reported net income of $9.5 million, or $0.10 per diluted share, for the second quarter of 2015 compared to net income of $151.9 million, or $1.52 per diluted share, for the second quarter of 2014.
The company reported operating income of $25.8 million, or $0.27 per diluted share, for the second quarter of 2015, compared to operating income of $76.1 million, or $0.76 per diluted share, for the second quarter of 2014.
“While we are excited to report our first quarter inclusive of the results of the recently acquired Asian operations, unfortunately this quarter’s results were impacted by catastrophe and current year events,” commented President and Chief Executive Officer Scott Carmilani. “We continue to take steps to grow attractive insurance businesses, and look to manage our growth while mitigating exposure to less attractive risks.”
ZUG, Switzerland--(BUSINESS WIRE)
