RE » Topics » Premiums.

This excerpt taken from the RE 10-Q filed Nov 9, 2007.
Premiums. Gross written premiums increased 16.3% to $234.8 million for the three months ended September 30, 2007 compared to $202.0 million for the three months ended September 30, 2006. Premiums written from the Bermuda office increased 39.6% and premiums written from the UK office increased 14.9%. Contributing to the growth in Bermuda was an increase in worldwide casualty business.

 

Net written premiums increased 15.5% to $234.8 million for the three months ended September 30, 2007 compared to $203.2 million for the three months ended September 30, 2006, commensurate with the increase in gross written premiums.

 

Net premiums earned increased 10.1% to $224.7 million for the three months ended September 30, 2007 compared to $204.1 million for the three months ended September 30, 2006. The change in net premiums earned relative to the net written premiums is the result of timing; premiums are earned ratably over the coverage period whereas written premiums are reflected at the initiation of the coverage period.

 

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