Max Re Capital Ltd. Reports Record Net Income for 2004.
PR Newswire Europe, February, 2005
HAMILTON, Bermuda, February 5 /PRNewswire/ -- Max Re Capital Ltd. (Nasdaq: MXRE) reported net income for the three months ended December 31, 2004 of USUS$87.1 million, or net income of USUS$1.82 per diluted share, compared to net income of US$36.4 million, or net income of US$0.76 per diluted share, for the three months ended December 31, 2003. Net operating income before minority interest, which represents net income before minority interest reduced by net realized gains on sale of fixed maturities, for the three months ended December 31, 2004 was US$80.8 million, or net operating income of US$1.67 per diluted share, compared with net operating income before minority interest of US$31.7 million, or net operating income of US$0.66 per diluted share, for the...
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