Endurance issues annual results
Endurance Specialty Holdings has revealed a net income of $521.1m (£265.6m) in its 2007 annual results.
The company has reported total written premiums of $1.8bn (£917.5m) and a combined ratio of 79.9%, which includes 10 percentage points of favorable prior year loss reserve development.
Kenneth LeStrange, chairman and chief executive officer, said: “The past year was very successful for Endurance on many fronts. Financially, we generated record earnings driven by strong underwriting and investment results, we returned over $375m (£191.1m) of capital to our shareholders through share repurchases
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