Insurance - Endurance Specialty Insurance Ltd.
Insurance - Endurance Specialty Insurance Ltd.
Insurance - Endurance Specialty Insurance Ltd.
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“As we continue to build out our<br />
FINANCIAL HIGHLIGHTS<br />
(in millions of U.S. dollars, except percentages)<br />
insurance platform with new<br />
specialty teams in the U.S. and<br />
Quarter Ended<br />
Mar 31, 2013<br />
(Unaudited)<br />
Year Ended<br />
Dec 31, 2012<br />
(Audited)<br />
Year Ended<br />
Dec 31, 2011<br />
(Audited)<br />
establish an international presence<br />
in 2013, I anticipate that the growth<br />
<strong>Endurance</strong> <strong>Specialty</strong> Holdings <strong>Ltd</strong>.<br />
Gross premiums written<br />
$1,177.4<br />
$2,549.0<br />
$2,467.1<br />
in our book of business will gain<br />
momentum during the year.”<br />
Net premiums written<br />
Net income (loss) before<br />
preferred dividends<br />
Loss ratio<br />
908.9<br />
100.3<br />
52.1%<br />
2,029.5<br />
162.5<br />
75.5%<br />
1,979.8<br />
(93.7)<br />
84.6%<br />
Combined ratio<br />
85.0%<br />
102.3%<br />
112.9%<br />
Jack Kuhn<br />
CEO, Global <strong>Insurance</strong><br />
<strong>Endurance</strong> <strong>Specialty</strong> Holdings <strong>Ltd</strong>.<br />
Total assets<br />
Total shareholders’ equity<br />
Debt to total capitalization<br />
Annualized ROAE,<br />
Operating income (loss)<br />
$9,431.5<br />
2,766.3<br />
16.0%<br />
15.6%<br />
$8,795.0<br />
2,710.6<br />
16.3%<br />
2.4%<br />
$8,292.6<br />
2,611.2<br />
16.8%<br />
(6.3%)<br />
Worldwide <strong>Insurance</strong> Segment<br />
INSURANCE SPECIALTY LINES<br />
Agriculture<br />
ARMtech, our U.S. crop insurance subsidiary, offers multi-peril<br />
crop insurance, crop hail, livestock risk protection and other<br />
agricultural risk management products through independent<br />
agents.<br />
Casualty & Other <strong>Specialty</strong><br />
• Primary and Excess Casualty<br />
We write primary and excess casualty insurance for small,<br />
middle market and Fortune 1000 accounts, accessed<br />
through retail and wholesale channels.<br />
• Contract Binding Operation<br />
We offer property and general liability coverages for small to<br />
medium-sized risks through our U.S. surplus lines agency<br />
network.<br />
• Healthcare Liability<br />
Our U.S. and Bermuda teams provide excess hospital<br />
medical professional and other third-party liability coverage<br />
for non-profit and for-profit hospitals, academic medical<br />
centers and integrated healthcare delivery systems.<br />
• Inland Marine<br />
We offer a full portfolio of inland marine coverage including<br />
both mono-line and marine packages.<br />
• Surety<br />
We provide contract and commercial surety insurance<br />
through a network of dedicated agents across the U.S.<br />
Professional Lines<br />
We offer primary and excess coverage for directors’ and officers’<br />
liability, errors and omissions liability, employment practices<br />
liability, and pension trust liability, underwriting through both<br />
retail and wholesale channels.<br />
Gross premiums written<br />
Net premiums written<br />
Underwriting income (loss)<br />
Loss ratio<br />
Combined ratio<br />
Trailing Twelve Months Ending March 31, 2013<br />
<strong>Insurance</strong> Net Premiums Written = $919.3 Million<br />
4%<br />
13%<br />
24%<br />
59%<br />
$652.9<br />
404.7<br />
1.4<br />
65.7%<br />
99.0%<br />
Agriculture<br />
Casualty & Other <strong>Specialty</strong><br />
Professional Lines<br />
Property<br />
Production by Major Brokers on Net Premiums Written*<br />
41%<br />
19%<br />
6%<br />
4%4% 5%<br />
3%<br />
9%<br />
9%<br />
Marsh/Guy Carpenter<br />
Independent Agents<br />
Aon Benfield<br />
AmWins<br />
Willis<br />
CRC/Crump<br />
Swett & Crawford<br />
Risk Placement Services<br />
Other **<br />
$1,429.9<br />
942.4<br />
(104.2)<br />
89.6%<br />
110.6%<br />
$1,469.8<br />
1,005.5<br />
(4.3)<br />
77.9%<br />
100.1%<br />
Property<br />
We offer insurance against large-value commercial risks and<br />
difference in conditions coverage by our U.S. property team<br />
through a wholesale producer network.<br />
* Excludes Agriculture, which is distributed by<br />
<strong>Endurance</strong>’s ARMtech operating subsidiary<br />
through independent agents<br />
**<br />
Includes multiple brokers with a 3% or less share