U.S. Markets closed

Allied World posts 1Q profit

ZUG, Switzerland (AP) _ Allied World Assurance Co. (AWH) on Wednesday reported first-quarter earnings of $80.3 million.

On a per-share basis, the Zug, Switzerland-based company said it had profit of 90 cents. Earnings, adjusted for investment gains, came to 53 cents per share.

The insurance company posted revenue of $639.2 million in the period. Its adjusted revenue was $598.5 million.

Allied World shares have fallen 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $53.15, a rise of 48 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWH at https://www.zacks.com/ap/AWH


Keywords: Allied World Assurance, Earnings Report