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Allied World Assurance Company Holdings, AG Message Board

  • mizzouinvstr mizzouinvstr Nov 4, 2010 5:24 PM Flag

    Q3 earnings and divy announcement

    4:50PM Allied World Assurance beats operating EPS ests by $1.06, reports revs in-line; announces $0.25 special dividend (AWH) 59.58 +0.86 : Reports Q3 (Sep) operating earnings of $2.94 per share, $1.06 better than the Thomson Reuters consensus of $1.88; revenues rose 3.3% year/year to $339.5 mln vs the $341.8 mln consensus. As of Sept 30, 2010, diluted book value per share was $72.40, an increase of 21.6% compared to $59.56 as of December 31, 2009. "On August 6, 2010, we repurchased 5,000,000 of our common shares for $250 mln, or $50.00 per share, in a privately negotiated transaction from Goldman Sachs." Through Sept 30, 2010, the share repurchases related to our share repurchase program and repurchases from the affiliates of Goldman Sachs have had an estimated $3.54 net accretive impact on diluted book value per share. Co's Board of Directors also declared a contingent special dividend (in addition to $0.20 quarterly) of $0.25 per share related to the co's redomestication to Switzerland which is expected to take place before the end of the calendar year 2010.

 
AWH
42.46-0.44(-1.03%)May 26 4:00 PMEDT