“I am very pleased to present the outstanding results produced by Lancashire for the financial year ended 31 December 2009. Net profit after tax was $385.4 million or $2.05 per common share and Return on Equity was 26.5%.
These exceptional results were not achieved by deviating from our stated objectives but as a result of us embracing those objectives: disciplined underwriting, maintaining a strong balance sheet, staying nimble and managing our capital through the cycle.”
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