Lancashire Q1 profits steady at $8.6m despite “significant” cat activity
Lancashire Holdings has recorded a net profit after tax of $8.6m in Q1 2011 (Q1 2010: $8.2m), after incurring $75m costs from the Japanese earthquake-tsunami.
Lancashire recorded gross written premiums of $171.9m in Q1 2011 (Q1 2010: $228m), while net premiums written were recorded at $137.7m (Q1 2010: $203.5m).
Net operating profit was $6.9m (Q1 2010: $7
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