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Strong returns were delivered through diversified fee income, low credit risk, treasury/agency investment portfolio and effective capital management

That is more than double the net income recorded by the company in the previous quarter

The result was achieved despite a fourth quarter loss of $131 million

That result was a jump of $20 million compared with the 2023 net profit of $161.4 million

The result includes a fourth quarter net loss of $593 million

Gross premiums written increased by $649 million, or 8 per cent, to a record $9 billion

The reinsurer’s core operating income was at $9.20 billion

The result was recorded despite a fourth quarter net loss of $198.5 million

Bermudian-based holding company says that is down from net income of $4.3m in the prior-year quarter

Alasdair Younie, chairman, says he is pleased with the company’s financial performance

Revenues from continuing operations rose to $6.6 million, a $400,000 increase over the prior year

Bermudian-based company is the world’s largest listed owner of large-size dry bulk vessels