Endurance cat losses drive Q4 earnings miss

Sompo's latest major insurance acquisition Endurance
reported operating profit fell by more than half to $55.8mn in the
fourth quarter of last year as a number of catastrophes took their
toll.
The $0.82 per share result did not come close to the $1.26
consensus estimate from three Wall Street analysts surveyed by
MarketWatch.com.
The miss stemmed from almost $60mn in cat losses from Hurricane
Matthew and earthquakes in New Zealand, which impacted
Endurance's primary and reinsurance operations.
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