Allied World Assurance Co. Holdings (AWH) Tops Q3 EPS by 67c, Reinstates Buyback Plan
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Allied World Assurance Co. Holdings (NYSE: AWH) reported Q3 EPS of $2.19, $0.67 better than the analyst estimate of $1.52. Revenue for the quarter came in at $442.7 million versus the consensus estimate of $368.55 million.
The company is announcing the resumption of its share repurchase program which was inactive in the second and third quarters of 2011 because of our merger agreement with Transatlantic Holdings, Inc., which was subsequently terminated. As of September 30, 2011, the company had $200.9 million of remaining capacity available under the share repurchase program.
The company is announcing the resumption of its share repurchase program which was inactive in the second and third quarters of 2011 because of our merger agreement with Transatlantic Holdings, Inc., which was subsequently terminated. As of September 30, 2011, the company had $200.9 million of remaining capacity available under the share repurchase program.
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