Validus Holdings Q1 Profit Down - Quick Facts

(RTTNews) - Validus Holdings, Ltd. (VR) Thursday reported first-quarter profit of $162.4 million or $1.66 per share, down from $223.2 million or $1.90 per share in the same period last year.

Operating earnings for the quarter were $146.1 million or $1.49 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $1.51 per share for the quarter. Analysts' estimates typically exclude special items.

Net-premiums earned decreased to $482.96 million from $531.06 million last year. Net-investment income totaled $23.4 million, down from $25.6 million last year.