Navigators Group (NAVG) Tops Q1 EPS by 4c

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Go back to Navigators Group (NAVG) Tops Q1 EPS by 4c

Navigators Reports First Quarter 2015 Earnings

May 7, 2015 4:01 PM EDT

STAMFORD, Conn., May 7, 2015 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (Nasdaq: NAVG) reported net income of $25.9  million, or $1.77  per diluted share, for the three months ended March 31, 2015 compared to $28.0 million, or $1.94 per diluted share, for the comparable period in 2014.  2014 results included a one-time foreign exchange gain of $10.0 million ($6.6 million after-tax) due to a change in the functional currency of our Lloyds Syndicate, which was equally offset by a reversal within the Accumulated Other Comprehensive Income component of stockholders equity.  Excluding this gain, the first quarter 2014 net income per diluted share would have been $1.49.

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