About Us:
Financial Highlights
Key Statistics – December 31, 2009
Our strong balance sheet is built on a disciplined investment management strategy coupled with a considered and prudent approach to reserving.
| Total Assets | $7.67 billion |
| Total Shareholders’ Equity | $2.79 billion |
| Net Premiums Written | $1.61 billion |
Excellent Financial Strength and Liquidity at December 31, 2009
- Endurance’s total capital was $3.2 billion as of December 31, 2009 (excluding contingent equity) and includes approximately $2.8 billion of shareholders’ equity.
- At December 31, 2009, Endurance maintained
two sources of additional capital – a credit facility
maturing in 2012 with approximately $570 million
in remaining capacity and a $150 million contingent equity facility that allows Endurance to issue its ordinary shares through August 2010. - Endurance maintains significant levels of liquidity with more than 60% of investments in cash, short term investments, U.S. Government, and U.S. Government-backed securities at December 31, 2009.
- Endurance’s investment portfolio is comprised
of high quality assets with an average rating
of AA+ for our fixed income investments at
December 31, 2009. We hold no sub-prime
mortgage-backed securities or credit and
interest rate derivatives in our portfolio. - Endurance’s asset portfolio has been managed
to an average duration of 2.3 years to minimize
interest rate risk. We carefully manage our
asset-liability exposure and ensure that more
than sufficient liquidity is available from the
portfolio.
Quarterly Financial Highlights
Our Quarterly Financial Update provides a snapshot of our income statement and balance sheet including business line premium distribution and an overview of our investment portfolio.
Credit Ratings
We maintain excellent financial strength as evidenced by the following ratings on our operating subsidiaries.
| Endurance Specialty Insurance Ltd. | A (stable) |
A (stable) |
A2 (stable) |
Bermuda |
Endurance Reinsurance Corporation of America |
A (stable) |
A (stable) |
A2 (stable) |
U.S. |
Endurance Worldwide Insurance Limited |
A (stable) |
A (stable) |
|
U.K. |
Endurance American Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
Endurance American Specialty Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
Endurance Risk Solutions Assurance Co. |
A (stable) |
A (stable) |
|
U.S. |
American Agri-Business Insurance Company |
A (stable) |
A (stable) |
|
U.S. |
See Investor Relations for more detailed financial information and documents.