Total revenues for the first quarter were $37.9 million, compared with $35.3 million in the first quarter last year.
Online PR News – 20-June-2012 – Tokyo,Japan – Dawson Fielding published its financial results of the first quarter 2012. Analyzing the report it’s pretty clear that total revenues are higher than the revenues of first quarter 2011.
Total revenues for the first quarter were $37.9 million, compared with $35.3 million in the first quarter last year. Net premiums written for the quarter were $25.5 million, compared with $27.4 for the same period last year. Total gain in the first quarter of 2012 was $77.6 million compared to $53.8 million for the same period last year.
Net loss of the quarter was $19.6 million, compared with a net loss of $33.7 million for the same quarter a year ago. Diluted loss per share was $0.10 for the quarter, compared to diluted loss per share of $0.17 for the same quarter a year ago.
New insurance written in the first quarter was $4.2 million, compared to $3.0 million in the first quarter of 2011. In addition, the percentage of insurance remaining in force from one year prior was 84.2 percent, compared with 82.9 percent at the same quarter last year.
Dawson Fielding is going to arrange a conference to allow the shareholders and analysts to hear management discussion on the company’s quarterly results. Every investor, shareholder, management committee member will be allowed in that discussion. The discussion session will also be webcasted and recorded for any reference in future. The webcast will be distributed over Investor Distribution Network to both institutional and individual distributors. The recorded discussion will be available on the company’s website.