Both AlphaCat Re 2011 and AlphaCat Re 2012 contributed meaningfully in the quarter to the growth of our client franchise and growth in managed gross premiums written. We also contributed fee income to our bottom line for managing third-party capital equal to $5.7 million for the quarter.Our second quarter net income available to Validus shareholders was $157.6 million. This is $1.62 per diluted common share. Net operating income available to Validus was $171.2 million or $1.65 per diluted share. This is a record high operating income for us for second quarter and continues on the heels of our strong first quarter of 2012.
Validus' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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