Allied World Assurance (AWH) Reports Q3 EPS of $0.62

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Allied World Reports a 96.2% Combined Ratio for the Third Quarter 2016

October 31, 2016 4:05 PM EDT

Net favorable reserve development of prior loss years of $29.7 million for the quarter Net investment income growth of 10.7% over the third quarter of 2015 Repurchase of $26.2 million of common shares during the quarter

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYSE: AWH) today reported net income of $68.6 million, or $0.77 per diluted share, for the third quarter of 2016 compared to a net loss of $51.6 million, or $0.57 per diluted share, for the third quarter of 2015.

The company reported operating income... More