BofA/Merrill Lynch Upgrades Validus Holdings (VR) to Neutral

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Validus Announces First Quarter Net Income of $166.8 Million

April 28, 2016 4:18 PM EDT

Annualized Return on Average Equity of 18.1%

Book Value Per Diluted Common Share of $44.00 at March 31, 2016

PEMBROKE, Bermuda--(BUSINESS WIRE)-- Validus Holdings, Ltd. (Validus or the Company) (NYSE: VR) today reported net income available to Validus of $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016, compared to $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015.

Net operating income available to Validus was $117.4 million, or $1.39 per diluted common share, for the three months ended March 31, 2016, compared to $136.9 million, or $1.56 per diluted common... More