Underlying Endurance operating profits almost double

One-off Montpelier acquisition expenses contributed to Endurance
reporting operating income of $47.6mn for the third quarter, down
from $59.2mn for the same period last year.
But stripping out the $64mn charge for the 31 July-closing deal,
operating profits almost doubled to $111.6mn.
At $1.87 a share, operating profits were a significant beat on
analysts' consensus forecasts of $1.07 a share.
Endurance chairman and CEO, John Charman, said: "Against a
backdrop of relentless global competition co