November 19th, 2008

Chart: European (Re)insurers: Earnings Sources at Nine Months

Posted at 12:50 AM ET

Compared to Bermudian carriers, European underwriting results were constrained in the first nine months of 2007. They made up difference with investment income and realized gains. When this source of earnings turned negative in 2008-falling from a gain of USD3.3 billion comprised of realized gains, to a loss of USD12.6 bilion-European P&Ls were affected profoundly.

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