Last $61.97 USD
Change Today +0.51 / 0.83%
Volume 141.7K
As of 4:15 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

platinum underwriters hldgs (PTP) Snapshot

Open
$61.32
Previous Close
$61.46
Day High
$62.10
Day Low
$60.93
52 Week High
07/16/14 - $66.57
52 Week Low
02/13/14 - $55.03
Market Cap
1.6B
Average Volume 10 Days
147.5K
EPS TTM
$6.77
Shares Outstanding
26.5M
EX-Date
08/28/14
P/E TM
9.2x
Dividend
$0.32
Dividend Yield
0.52%
Current Stock Chart for PLATINUM UNDERWRITERS HLDGS (PTP)

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platinum underwriters hldgs (PTP) Details

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance coverage products worldwide. It operates in three segments: Property and Marine, Casualty, and Finite Risk. The Property and Marine segment provides reinsurance coverage for damage to property and crops, as well as offers property catastrophe and marine excess-of-loss reinsurance contracts, property and marine per-risk excess-of-loss, and proportional reinsurance contracts. This segment also provides property facultative reinsurance; and reinsurance coverage for marine, offshore energy, and aerospace insurance programs, such as hull damage, protection and indemnity, cargo damage, satellite damage, aviation hull, aviation liability, and general marine liability. The Casualty segment offers reinsurance contracts covering general and product liability, professional liability, umbrella liability, workers’ compensation, accident and health, casualty clash, automobile liability, and financial lines reinsurance products. The Finite Risk segment provides structured reinsurance contracts with ceding companies and offers various categories of finite risk contracts, such as finite quota share, multi-year excess-of-loss, and whole account aggregate stop loss reinsurance contracts. The company markets its products through reinsurance brokers. Platinum Underwriters Holdings, Ltd. was founded in 2002 and is based in Pembroke, Bermuda.

platinum underwriters hldgs (PTP) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $925.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $402.5K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $512.5K
Chief Executive Officer of Platinum Underwrit...
Total Annual Compensation: $512.5K
Chief Executive Officer of Platinum Underwrit...
Total Annual Compensation: $512.5K
Compensation as of Fiscal Year 2013.

platinum underwriters hldgs (PTP) Key Developments

Platinum Underwriters Holdings, Ltd. Declares Quarterly Dividend on Common Shares, Payable on September 30, 2014

Platinum Underwriters Holdings Ltd. announced that the Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on September 30, 2014 to shareholders of record on September 2, 2014.

Platinum Underwriters Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Platinum Underwriters Holdings Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenue was $142,932,000 compared to $170,596,000 a year ago. Income before income taxes was $37,963,000 compared to $53,977,000 a year ago. Net income was $36,180,000 or $1.34 diluted earnings per common share compared to $49,854,000 or $1.61 diluted earnings per common share a year ago. Net investment income was $17,645,000 against $17,808,000 a year ago. Net realized losses on investments were $596,000 compared with net realized gain on investments of $11,686,000 a year ago. For the six months, total revenue was $287,811,000 compared to $330,282,000 a year ago. Income before income taxes was $105,950,000 compared to $145,582,000 a year ago. Net income was $99,915,000 or $3.63 diluted earnings per common share compared to $136,370,000 or $4.26 diluted earnings per common share a year ago. The company’s book value per common share grew to $67.38 as of June 30, 2014, an increase of 3.1% from March 31, 2014. Net investment income was $35,337,000 against $36,352,000 a year ago. Net realized losses on investments were $1,111,000 compared with net realized gain on investments of $25,004,000 a year ago.

James P. Slattery Resigns as Director of Platinum Underwriters Holdings Ltd., Effective June 19, 2014

Effective June 19, 2014, James P. Slattery resigned as a director of Platinum Underwriters Holdings Ltd. due to personal health reasons. The Board has not made any determination at this time regarding nominating a replacement for Mr. Slattery on the Board.

 

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