Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.
Net operating income for the first quarter of 2010 was $40.7m, or $0.71 per diluted share, compared to net operating income of $46.9m, or $0.82 per diluted share, last year.
Annualized net operating
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