Low levels of catastrophe losses flattered second quarter results at risk carriers, as market conditions continued to apply upward pressure to core loss ratios amid softening reserve releases.
Validus joined a number of its peers in exceeding second quarter analyst estimates with operating earnings of $1.09 per share - topping expectations of $0.99 per share and the prior-year result of $0.69 per share.
German (re)insurer Allianz reported a 23.0 percent rise in Q2 group operating profits to EUR2.9bn ($3.4bn) from the corresponding result a year before, based on preliminary figures.
Bermudian (re)insurer Aspen reported second quarter operating earnings of $0.47 per share, just under half the consensus estimate of $1.00 per share compiled by MarketWatch.com.?
Arch Capital has reported operating earnings of $1.21 per share that were in line with Wall Street's $1.20 per share estimate, but above the prior-year period's $1.13 per share.
XL Group comfortably exceeded Wall Street's expectations as it reported second quarter operating net income of $0.96 per share versus consensus estimates of $0.88 per share, more than doubling the $0.37 per share posted in the same period of 2016
