Darwin Professional Underwriters (DR) Reports Q1 Earnings
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Darwin Professional Underwriters (NYSE: DR) reports Q1 EPS of $0.87 vs. consensus of $0.48. Revenues were $58.13 million vs. $59.33 million consensus.
"Darwin recorded a significant increase in net income and gross premiums written in the current quarter as compared to the first quarter of 2007, and we demonstrated our continued commitment to underwriting profitability with a first-quarter combined ratio of 64.7 percent. With significant expertise across all of our lines, we believe we're well positioned to take advantage of the continued opportunities we see in specialty insurance."
Darwin Professional Underwriters, Inc. (Darwin) is a holding company, the subsidiaries of which are engaged in insurance underwriting and distribution across a spectrum of the specialty commercial property-casualty insurance market within four major lines of business. [SM]
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