Results of Operations for the Three Months Ended June 30, 2024 - American Overseas Group Limited Announces Net Income Of $2.3 Million For the Three Months Ended June 30, 2024.
AMERICAN OVERSEAS GRP NEW (AOREF)
NASDAQ:AMEX Investor Relations:
aoreltd.com/financial-statements
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Sept. 30, 2024 (GLOBE NEWSWIRE) -- American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net income available to common shareholders of $2.3 million, or $49.81 per diluted share, for the three months ended June 30, 2024. This compares to consolidated net income available to common shareholders of $0.9 million, or $19.65 per diluted share, for the three months ended June 30, 2023. Book value per weighted share at June 30, 2024 was $873.62, an increase from the book value per weighted share of $817.82 at June 30, 2023. For the three months ended June 30, 2024, net earned property and casualty premiums increased $6.2 million from $6.5 million a year ago to $12.7 million. Quarter to Date fee income increased $1.3 million from $3.8 million to $5.1 million and gross written premiums increased $70.9 million, moving from $164.3 million to $235.2 million. Direct written premiums were positively imp
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