American Security Insurance coverage Holdings, Ltd. Supplies Preliminary Disaster Loss Estimate
HAMILTON, Bermuda–(BUSINESS WIRE)–American Security Insurance coverage Holdings, Ltd. (NYSE: ASI) right this moment introduced that the Firms 2012 second quarter outcomes will embody climate associated property losses of roughly $three.zero million to $three.5 million after tax. The losses have been within the Firms supplier open lot program, which is in runoff, and have been associated to extreme hail storms in the US. Because of these losses, the Firm anticipates earnings per absolutely diluted share for the quarter to be within the vary of $.20 to $.25.
The Firm expects to launch second quarter 2012 monetary outcomes on Wednesday, August 1, 2012, after the shut of the market.
This press launch incorporates forward-looking statements. These forward-looking statements replicate the Firm’s present views with respect to future occasions and monetary efficiency. Ahead-looking statements contain dangers and uncertainties which can trigger precise outcomes to vary materially, and are topic to alter primarily based on numerous elements. For added elements, which may affect the outcomes of the Firm’s working and monetary efficiency, see the Firm’s filings with the Securities and Trade Fee.