Odyssey Re Holdings Corp. the underwriter of insurance reported on Thursday its first quarter net earnings were of $250.9 million or $3.63 a share from $88.6 million or $1.20 a share in the same period last year.
Excluding net realized gains and losses was $39.1 million or 57 cents a share compared to $55.3 million or 77 cents a share the last year according to the company.
Revenue jumped to $907.6 million from $668.5 million last year. On average analysts expected a quarter profit of 89 cents a share on revenue of $589.1 million according to FactSet Research.
Shares of Oddyssey jumped 3.77 percent at the end of the composite trading on Thursday to $37.13 on the New York Stock Exchange.