Transatlantic is a leading international reinsurer headquartered in New York, with assets of $5.5 billion and stockholders’ equity of $1.7 billion. Its subsidiaries include Transatlantic Reinsurance Co. and Putnam Reinsurance Co.
The company’s income before taxes totaled $71.6 million for the first quarter 2000, versus $96.7 million in the same quarter 1999. Included in these results are pre-tax realized capital gains of $13.9 million and $41.7 million in the first quarters of 2000 and 1999 respectively.
Excluding pre-tax realized capital gains, income before income taxes would have increased 5.1 percent year over year. Net premiums written in the first quarter of 2000 were $392.5 million, an increase of 9.9 percent from $357.2 million in the first quarter one year prior.
The combined ratio was 100 for the quarter compared to 99.4 for the same period last year. Net investment income was $58.6 million in the first quarter of 2000 compared to $55.3 million in the 1999 first quarter, an increase of 6 percent.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
