Last $38.00 USD
Change Today +0.26 / 0.69%
Volume 266.8K
AWH On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

allied world assurance co (AWH) Snapshot

Open
$37.89
Previous Close
$37.74
Day High
$38.07
Day Low
$37.79
52 Week High
07/14/14 - $39.74
52 Week Low
02/6/14 - $31.04
Market Cap
3.7B
Average Volume 10 Days
502.8K
EPS TTM
$3.37
Shares Outstanding
96.4M
EX-Date
09/19/14
P/E TM
11.3x
Dividend
$0.90
Dividend Yield
2.06%
Current Stock Chart for ALLIED WORLD ASSURANCE CO (AWH)

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allied world assurance co (AWH) Details

Allied World Assurance Company Holdings, AG, through its subsidiaries, provides property and casualty insurance and reinsurance solutions in Bermuda, Canada, the United States, the United Kingdom, Hong Kong, Labuan, Switzerland, and Singapore. The company operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. It offers casualty insurance products that provide coverage for specialty type risks, such as environmental, product, and healthcare liability risks; commercial general liability products; and professional liability products, including policies covering directors and officers, employment practices, and fiduciary liability insurance. The company also provides errors and omissions liability coverages for service providers, such as law firms, technology companies, insurance companies, insurance agents and brokers, and municipalities; and primary and excess liability, and other casualty coverages to the healthcare industry, including hospitals and hospital systems, managed care organizations, accountable care organizations, and other medical service providers. In addition, it offers coverages for mergers and acquisitions, privacy, and technology liability; general casualty products for a range of industries consisting of construction, real estate, public entities, retailers, manufacturing, transportation, and finance and insurance services; trade credit insurance; and physical property and business interruption coverage for commercial property risks. Further, the company offers reinsurance of property; general casualty; professional liability; specialty lines, including crop, marine and aviation, and other specialty lines of business, which include accident and health business with an emphasis on catastrophe personal accident programs and workers compensation catastrophe business; and property catastrophe coverages written by other insurance companies. The company was founded in 2001 and is headquartered in Baar, Switzerland.

940 Employees
Last Reported Date: 02/18/14
Founded in 2001

allied world assurance co (AWH) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of Bermuda and International Insura...
Total Annual Compensation: $490.0K
Executive Vice President and General Counsel
Total Annual Compensation: $489.4K
Advisor
Total Annual Compensation: $577.3K
Compensation as of Fiscal Year 2013.

allied world assurance co (AWH) Key Developments

Allied World Assurance Company Holdings, AG Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Plans to Realign its Two Insurance Business Segments; Announces Executive Appointments

Allied World Assurance Company Holdings, AG announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported net income of $30.9 million, or $0.31 per diluted share, for the third quarter of 2014 compared to net income of $122.8 million, or $1.18 per diluted share, for the third quarter of 2013. Operating income was $60.6 million, or $0.61 per diluted share, for the third quarter of 2014, compared to operating income of $101.8 million, or $0.98 per diluted share, for the third quarter of 2013. Gross premiums written were $707.9 million, a 21.9% increase compared to $580.9 million in the third quarter of 2013. This was driven by growth across all three segments. Net premiums written were $568.7 million, a 25.5% increase compared to $453.1 million in the third quarter of 2013. Net premiums earned were $541.7 million, a 6.1% increase compared to $510.8 million in the third quarter of 2013. Net investment income was $43.4 million, a 10.5% increase compared to $39.3 million for the third quarter of 2013. Income before income taxes was $32.4 million against $127.8 reported last year. Total revenues were $551.04 million against $577.5 reported last year. Diluted book value per common share at the end of the period was $37.12 against $34.20 reported on December 31, 2013. Annualized return on average shareholders equity (net income available to shareholders) was 3.4% against 14.4% reported last year. Annualized return on average shareholders equity (operating income available to shareholders) was 6.6% against 11.9% reported last year. For the nine months, the company reported net income of $359.75 million or $3.60 per diluted share compared to net income of $280 million or $2.66 per diluted share reported in the same period last year. Gross premiums written were $2,369.7 million against $2,183.2 and net premiums written were $1,894.3 million against $1,729.35 reported last year. Net premiums earned were $1,609.3 million against $1,481.3 reported last year. Net investment income was $127.8 million, a 15.9% increase compared to $110.3 million for the comparable period last year. Income before income taxes was $384.05 million against $286.3 reported last year. Total revenues were $1,842.4 million against $1,583.5 reported last year. Operating income was $266.5 million or $2.67 per diluted share against $289.5 million or $2.75 per diluted share reported last year. Annualized return on average shareholders equity (net income available to shareholders) was 13.2% against 11.0% reported last year. Annualized return on average shareholders equity (operating income available to shareholders) was 9.7% against 11.4% reported last year. Effective December 31, 2014, the company will realign its two insurance business segments from the current U.S. Insurance (U.S. and Canada) and International Insurance (all other regions). The company will report across North American Insurance (all North America business, including U.S., Canada, Bermuda) and Global Markets Insurance (all business outside of North America). The Reinsurance segment will remain unchanged. In conjunction with these changes, several strategic positions will be realigned in order to best serve clients and trading partners: Frank D'Orazio, currently President, Bermuda and International Insurance, Allied World Assurance Company, Ltd, will be appointed President, Underwriting and Global Risk, and will be responsible for the company's global underwriting (management, controls and processes) as well as coordination of risk management tools across the organization. Louis Iglesias, as President, Allied World North America, will continue to oversee production and profitability for Canada and all U.S. branch offices, and will assume responsibility for all insurance lines of business of the Bermuda operation. Julian James, currently President, Allied World Assurance Company (Europe) Limited, will be appointed President, Global Markets. In this new role, he will continue to oversee all insurance lines of business for Allied World Europe and Syndicate 2232, as well as assume responsibility for Allied World's operations in Asia Pacific and any other initiatives outside of North America. All three executives will report directly to Scott Carmilani, President and Chief Executive Officer.

Allied World Assurance Company Holdings Announces Investment Agreement with Blue Vista Capital Management

Allied World Assurance Company Holdings, AG announced an investment agreement with Blue Vista Capital Management LLC. Blue Vista invests across real estate asset classes and capital structures through limited partnerships and separate accounts. Allied World's investment will be made through Allied World Financial Services Inc. ("AWFS"), a subsidiary of Allied World that invests in businesses intended to complement and diversify Allied World's revenue streams. Under the terms of the transaction, AWFS acquired a minority interest and certain shareholder rights in Blue Vista, and agreed to provide growth capital for the expansion of Blue Vista's real estate investment platform. Blue Vista will manage $225 million of Allied World's investment portfolio to be deployed over the next several years through various real estate investments, including their existing middle market co-investments and student housing strategies.

Allied World Assurance Company Holdings, AG Launches ForceField Public Company Directors & Officers and Corporate Liability Insurance Policy for Public Companies

Allied World Assurance Company Holdings, AG announced that Allied World North America has added a new product to its ForceField(R) suite of professional liability products. This new directors & officers (D&O) and corporate liability policy will be available for U.S. based, publicly-traded companies and addresses a wide range of liability exposures currently facing corporations and their executives including coverage for: Pre-Claim Inquiry Costs; Facilitation Costs; Liberty Protection Costs; Crisis Event Coverage; and E-Discovery Services. Primary limits are available up to $25 million.

 

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AWH

Industry Average

Valuation AWH Industry Range
Price/Earnings 7.6x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 7.3x
TEV/Sales NM Not Meaningful
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