Validus Holdings, Ltd. (VR) posted fourth-quarter net loss available to the company of $90.7 million or $0.94 per share, compared to net income of $27.3 million or $0.25 per share in the comparable quarter last year.
Net operating loss for the quarter available to Validus was $100.8 million or $1.05 per share, compared to net operating income of $23.4 million or $0.21 per share a year-ago.
On average, thirteen analysts polled by Thomson Reuters expected the company to report a loss of $1.66 per share. Analysts' estimates typically excludes special items.
Net premiums earned for the quarter rose 2.2% to $499.29 million from $488.35 million in the previous year period, while three Wall Street analysts expected revenues of $471.73 million.
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