Baldwin & Lyons (BWINA) Estimates Q3 Losses from Hurricane Irene, Tohoku Earthquake
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Price: $23.55 -76.87%
Financial Fact:
Average shares outstanding - basic (in shares): 15.08K
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Average shares outstanding - basic (in shares): 15.08K
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Baldwin & Lyons, Inc. (Nasdaq: BWINA) (Nasdaq: BWINB) today provided an initial estimate of losses related to Hurricane Irene and other storms that impacted the United States during the third quarter of 2011. The Company expects after-tax losses of approximately $4.4 million for these events, without consideration of reinstatement premium. The majority of this total relates to Hurricane Irene, with an after-tax loss estimated at $2.7 million.
In addition, recently updated information from ceding reinsurers has resulted in an after-tax increase in the Company's estimated losses associated with the Tohoku, Japan earthquake of $5.1 million without consideration of reinstatement premium.
In addition, recently updated information from ceding reinsurers has resulted in an after-tax increase in the Company's estimated losses associated with the Tohoku, Japan earthquake of $5.1 million without consideration of reinstatement premium.
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