Baldwin & Lyons (BWINA) Reports Q4 EPS of $0.32

Baldwin & Lyons (NASDAQ: BWINA) reported Q4 EPS of $0.32, versus $0.24 reported last year.

Gross premiums written for the current quarter was a record $104.9 million, 7.2% higher than the $97.8 million written during the fourth quarter of 2015. The increase was driven by the continued strong performance of the Company’s core Fleet Transportation products. Gross premiums written for the twelve months ended December 31, 2016 totaled a record $403.0 million, 5.1% higher than the previous record $383.6 million written during 2015.

Net premiums earned for the fourth quarter of 2016 was $69.1 million, 4.8% higher than last year’s fourth quarter total, driven by a 10.1% increase in premiums earned from Fleet Transportation products, partially offset by planned declines in reinsurance products. For the twelve months ended December 31, 2016, earned premiums increased 4.8% to a record twelve month total of $276.0 million.

Net investment income of $4.0 million, reflected an increase of 5.6% compared to the fourth quarter of 2015 due to higher bond yields. For the twelve months ended December 31, 2016, net investment income was $14.5 million, reflecting an increase of 15.9% compared to the prior year period.

For earnings history and earnings-related data on Baldwin & Lyons (BWINA) click here.

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