Max Re Capital Ltd. Reports Second Quarter Net Income of US$0.45 per Diluted Share.

PR Newswire Europe, July, 2005

HAMILTON, Bermuda, July 29 /PRNewswire/ -- Max Re Capital Ltd. (Nasdaq: MXRE) today reported net income for the three months ended June 30, 2005 of US$22.3 million, or net income of US$0.45 per diluted share, compared to net income of US$12.6 million, or net income of US$0.26 per diluted share, for the three months ended June 30, 2004. Net operating income, which represents net income reduced by net realized gains on sale of fixed maturities, for the three months ended June 30, 2005, was US$21.5 million, or net operating income of US$0.43 per diluted share, compared with net operating income of US$15.2 million, or net operating income of US$0.32 per diluted share, for the three months ended June 30, 2004. For the six months ended June 30, 2005, the Company had net...

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