Allied World Reports Q4 EPS of $2.13 vs. $2.00

Allied World Assurance Company Holdings, AG AWH today reported record net income of $665.0 million, or $13.32 per diluted share, for the year ended December 31, 2010 compared to net income of $606.9 million, or $11.67 per diluted share, for the year ended December 31, 2009. Net income for the fourth quarter of 2010 was $92.8 million, or $2.13 per diluted share, compared to net income of $161.3 million, or $3.05 per diluted share, for the fourth quarter of 2009. The company reported operating income of $397.8 million, or $7.97 per diluted share, for the year ended December 31, 2010 compared to operating income of $537.7 million, or $10.34 per diluted share, for the year ended December 31, 2009. Operating income for the fourth quarter of 2010 was $97.3 million, or $2.24 per diluted share, compared to operating income of $131.9 million, or $2.49 per diluted share, for the fourth quarter of 2009.