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Allied World reports slipping 2011 income
16 February 2012
The Switzerland-domiciled firm has said that net income for 2011 showed a drop of more than 50% from last year's figures.
Allied World (Awac) has reported strong growth in the fourth quarter in its final financial results of 2011, mitigated by an overall drop across the course of the entire year.
The company reported net income of $183.1m for the final quarter of 2011 compared to net income of $92.8m for the same quarter in 2010.
However, net income for the year was $274.5m, compared to net income of $665m in 2010 a drop of almost 60%.
Awac said that the...
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