American Safety Insurance Holdings, Ltd. (ASI) said Tuesday that its second quarter results will include weather related property losses of about $3.0 million to $3.5 million after tax.
The losses were in the company's dealer open lot program, which is in runoff, and were related to severe hail storms in the United States.
As a result of these losses, the company expects second quarter earnings to be in the range of $0.20 to $0.25 per share.
Analysts polled by Thomson Reuters currently expect the company to earn $0.44 per share for the second quarter.
The company expects to release second quarter financial results on August 1, after the close of the market.
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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.