Lancashire Q4 profit beats consensus by 20%

Lancashire's pre-tax profit fell to $50.2mn in the fourth
quarter of last year from $91.5mn in the same period of 2014, as it
was impacted by lower premium income.
But the Lloyd's carrier still beat the analyst consensus by
20 percent in a quarter that CEO Alex Maloney described as
"one of the most difficult trading environments during the
last 20 years".
The operating result also decreased by almost half to $53.2mn,
compared to $97.8mn in the fourth quarter of...