Navigators Group, Inc. (NAVG) Tops Q1 EPS by 55c

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Go back to Navigators Group, Inc. (NAVG) Tops Q1 EPS by 55c

Navigators Reports First Quarter Earnings, Operating Earnings Up 94%

May 7, 2014 4:01 PM EDT

STAMFORD, Conn., May 7, 2014 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (Nasdaq: NAVG) reported net income of $28.0 million, or $1.94 per diluted share, for the three months ended March 31, 2014 compared to $13.9 million, or $0.97 per diluted share, for the comparable period in 2013.

Operating earnings were $20.9 million, or $1.45 per diluted share, for the first quarter of 2014 compared to $10.8 million, or $0.75 per diluted share, for the comparable period in 2013.

Gross written premiums and net written premiums for the three months ended March 31, 2014 were $422.8 million and $311.9 million, respectively, an increase of 7.5% and 15.7% from the... More