Farmington-based Darwin Professional Underwriters Inc. has announced record fourth quarter income.
The company reported that its net income for the fourth quarter was $10.9 million, an increase of 88 percent. The fourth quarter result was the highest for the company in its brief five-year history. The earnings per share has almost doubled since 2006. The earnings per share for the fourth quarter were $0.64, compared to $0.34 in 2006. For the entire year, the earnings per share jumped from $0.95 in 2006 to $1.89 in 2007.
Darwin is a specialty insurance group and the company’s president and CEO Stephen Sill said he believed they were well positioned to take advantage of continued opportunities in specialty insurance.
