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Gross premiums written increased by $101.2 million, or 16.8%, to $702.5 million for the twelve months ended December 31, 2015 from $601.3 million for the twelve months ended December 31, 2014.
In the Property and Casualty insurance segment, both gross premiums written and operating profit increased, the latter despite a higher impact from natural catastrophes compared to the previous year.
May 11 (Reuters) - Insurer Catlin Group Ltd reported a 12 percent rise in gross premiums written during the first quarter, helped by growth across its international operations and the absence of catastrophe losses.
The combined effects of reduced demand for reinsurance, discontinuation of some under-performing contracts and deferred policy renewals led to a reduction in gross premiums written, which reached $207 million at the end of the third quarter compared to $247.3 million this time last year.
For 2009 Compagnie Libanaise D'Assurances had USD49.1m (EUR35.1m) of gross premiums written and a net profit of USD5.1m.
The company's insurance portfolio mix is quite limited and mostly dominated by two main traditional types of insurance: motor (36 per cent of gross premiums written) and property (42 per cent of gross premiums written).
* Insurance gross premiums written were $920.7 billion in Q4 and net premiums written were $576.6 million versus $843.3 million and $515.8 million, respectively, in Q4 2017.
In the year ended 31 December 2014, Devon made a profit before tax of GBP0.33m on gross premiums written of GBP 1.5m and its net asset value at completion is expected to be approximately GBP 1.1m, including underwriting capacity with an estimated market value of GBP 0.6m.
McGavick says P&C gross premiums written increased more than 10 percent from 2011's first quarter--with gross premiums written in the insurance segment up 9.3 percent "as a result of new-business initiatives in North American property and casualty lines, higher retention levels in our profitable professional lines, and improved pricing."
Year-on-year, gross premiums written grew by 27 per cent to $141.7 million from $111.8 million in 2009.