Free Historical Stock Data on Transatlantic Holdings
Stock Symbol: TRH
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Business Description
Transatlantic Holdings, Inc., through its wholly owned subsidiaries, Transatlantic Reinsurance Company (TRC), Trans Re Zurich (TRZ) and Putnam, offers reinsurance capacity for a range of property and casualty products on a treaty and facultative basis, directly and through brokers, to insurance and reinsurance companies in both the domestic and international markets. Treaty reinsurance accounted for approximately $3,397.2 million of gross premiums written and $3,219.2 million of net premiums written during the year ended December 31, 2003, approximately 75% of which resulted from casualty lines treaties, with the remainder from property lines treaties. During 2003, TRH wrote approximately $240.7 million of gross premiums written and $121.9 million of net premiums written of facultative reinsurance, approximately 48% of which represented casualty risks with the balance consisting of property risks
Financial Information
For the nine months ended 9/30/04, revenues rose 17% to $2.96 billion. Net income decreased 29% to $155.6 million. Revenues reflect higher treaty and facultative businesses for both domestic and international segments. Net income reflects higher loss adjustment ratio.
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