Navigators Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income of $21.4 million, or $1.24 per diluted share, for the three months ended September 30, 2009 compared to net income of $1.0 million, or $0.06 per basic and diluted share, for the comparable period in 2008. The company reported operating earnings of $17.4 million or $1.01 per diluted share compared to operating earnings of $4.6 million or $0.27 per diluted share for the same period of last year. The results for the three months ended September 30, 2009 included after-tax net realized gains of $4.0 million, or $0.23 per diluted share which included other-than-temporary impairment losses on investments of $0.4 million after-tax, or $0.02 per diluted share. Gross written premiums and net written premiums for the three months ended September 30, 2009 were $245.2 million and $156.0 million, respectively, a decrease of 3.1% from $252.943 million and an increase of 11.2% from $140.318 million, respectively, for the comparable 2008 period. Net investment income for the three months ended September 30, 2009 was $19.1 million, which were decreases of 1.1% from the comparable 2008 period. Consolidated cash flow from operations for the three months ended September 30, 2009 was $35.7 million compared to $83.0 million for the comparable 2008 period. The company reported total revenues of $197.757 million compared to $167.735 million for the same period of last year. For the nine months, the company reported net income of $57.1 million, or $3.30 per diluted share, for the nine months ended September 30, 2009 compared to net income of $41.7 million, or $2.45 per diluted share, for the comparable period in 2008. The company reported operating earnings of $59.9 million or $3.46 per diluted share compared to operating earnings of $50.5 million or $2.97 per diluted share for the same period of last year. The results for the nine months ended September 30, 2009 included after-tax net realized losses of $2.8 million, or $0.16 per diluted share, which included other-than-temporary impairment losses on investments of $7.7 million after-tax, or $0.45 per diluted share. For the three and nine months ended September 30, 2009, book value per share increased by 8% and 17%, respectively, to $47.78. Gross written premiums and net written premiums for the nine months ended September 30, 2009 were $793.2 million and $539.7 million, respectively, a decrease of 3.2% from $819.302 million and an increase of 7.4% from $502.327 million, respectively, for the comparable 2008 period. Net investment income for the nine months ended September 30, 2009 was $56.5 million, which were decreases of 0.7% from the comparable 2008 period. Consolidated cash flow from operations for the nine months ended September 30, 2009 was $105.2 million compared to $216.4 million for the comparable 2008 period. The company reported total revenues of $565.305 million compared to $517.444 million for the same period of last year.

Navigators Group Inc. - Conference Presentation Calls

Navigators Group Inc. expected to Report Fiscal Year 2009 Results on February 15, 2010. This event was calculated by Capital IQ (Created on October 17, 2009).