About Us:
Financial Highlights
Key Statistics – March 31, 2010
Our strong balance sheet is built on a disciplined investment management strategy coupled with a considered and prudent approach to reserving.
| Total Assets | $8.19 billion |
| Total Shareholders’ Equity | $2.82 billion |
| Net Premiums Written (YTD) | $702.9 million |
Excellent Financial Strength and Liquidity at March 31, 2010
- Endurance’s total capital was $3.35 billion as of March 31, 2010 (excluding contingent equity) and includes approximately $2.8 billion of shareholders’ equity.
- At March 31, 2010, Endurance maintained two sources of additional capital – a credit facility maturing in 2012 with approximately $700 million in remaining capacity and a $150 million contingent equity facility that allows Endurance to issue its ordinary shares through August 2010.
- Endurance maintains significant levels of liquidity with more than 57% of investments in cash, short term investments, U.S. Government, and U.S. Government-backed securities at March 31, 2010.
- Endurance’s investment portfolio is comprised of high quality assets with an average rating of AA+ for our fixed income investments at March 31, 2010.
- Endurance’s asset portfolio has been managed to an average duration of 2.35 years to minimize interest rate risk. We carefully manage our asset-liability exposure and ensure that more than sufficient liquidity is available from the portfolio.
Quarterly Financial Highlights
Our Quarterly Financial Update provides a snapshot of our income statement and balance sheet including business line premium distribution and an overview of our investment portfolio.
Endurance Worldwide Insurance |
Endurance Worldwide Reinsurance |
Credit Ratings
We maintain excellent financial strength as evidenced by the following ratings on our operating subsidiaries.
Company |
A.M. Best |
S&P |
Moody’s |
Location |
Endurance Specialty Insurance Ltd. |
A (stable) |
A (stable) |
A2 (stable) |
Bermuda |
Endurance Reinsurance Corporation of America |
A (stable) |
A (stable) |
A2 (stable) |
U.S. |
Endurance Worldwide Insurance Limited |
A (stable) |
A (stable) |
|
U.K. |
Endurance American Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
Endurance American Specialty Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
Endurance Risk Solutions Assurance Co. |
A (stable) |
A (stable) |
|
U.S. |
American Agri-Business Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
See Investor Relations for more detailed financial information and documents.