Max Re Capital Reports Third Quarter Net Income of US$0.42 Per Diluted Share.
PR Newswire Europe, November, 2006
HAMILTON, Bermuda, November 13 /PRNewswire/ --
- Attractive Underwriting Opportunities Lead to Reduction in Alternative Investment Allocation
Max Re Capital Ltd. (Nasdaq: MXRE) today reported net income for the three months ended September 30, 2006 of US$26.5 million, or net income of US$0.42 per diluted share, compared to a net loss of US$44.2 million, or a net loss of US$0.96 per diluted share, for the three months ended September 30, 2005. Net operating income, which represents net income adjusted for net realized gains and losses on sales of fixed maturities, for the three months ended September 30, 2006 was US$26.8 million, or net operating income of US$0.42 per diluted share, compared with a net operating loss of US$45.9 million, or a net...
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