Validus Holdings (VR) Misses Q1 EPS by 1c

Validus Holdings (NYSE: VR) reported Q1 EPS of $1.17, $0.01 worse than the analyst estimate of $1.18.

"This was another good quarter for the Validus Group. We had $94.6 million in net income, and an annualized return on average equity of 10.2% in the quarter. Our combined ratio of 83.2% reflects our continued commitment to underwriting profits, and most importantly we grew our book value per diluted common share (including dividends) by 2.9% during the quarter."

For earnings history and earnings-related data on Validus Holdings (VR) click here.

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