Earnings Report: Platinum Underwriters

April 24, 2012

Q1 2012 Q1 2011
Net premiums written ———— $143.66 mn $194.78 mn
Net premiums earned ———– $138.21mn $182.88 mn
Net income (loss) —————— $53.287 mn ($157.19 mn)
Net Operating income (loss) —– $32.778 mn ($154.81 mn)
Investment gains —————— $22.34 mn ($0.407 mn
Investment Impairment loss —- ($1.07 mn) ($1.507 mn)
Net investment income ———— $28.552 mn $32.378 mn

Q1 combined ratio – 88.2 percent (200.4 percent in Q1 2011)
Q1 combined ratio (statutory) – 86.6 percent (198.7 percent in Q1 2011)

The complete report may be obtained on the company’s website.

Source: Platinum Underwriters (Platinum Re)

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