Platinum Underwriters Holdings Ltd. (PTP) reported first-quarter net income of $53.3 million or $1.49 per share, compared to net loss of $157.2 million or $4.20 per share last year.
On average, six analysts polled by Thomson Reuters expected earnings of $1.01 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the quarter declined to $187.55 million from $215.26 million in the comparable quarter last year, while two analysts were looking for revenue of $199.93 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.