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News Breaks | | | | February 12, 2013 | | 18:27 EDT |  | TWGP | Tower Group sees Q4 after-tax loss from Superstorm Sandy $79M-$81M
Tower announced that it expects its after-tax loss in the fourth quarter of 2012 from Superstorm Sandy to be between $79M-$81M, an increase from the range of $55M-$68M that the company announced on November 7, 2012. The increase is principally due to approximately $6M after-tax in higher estimated loss adjustment expenses on Tower's direct business, along with a $5M after-tax increase in the amount of storm losses covered under its assumed reinsurance business and in certain of its alternative investments. Through February 8, Tower has closed 89% of the 24,000 claims that its stock companies received as a result of Superstorm Sandy. Tower received 99% of these claims prior to January 26. | |
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News For TWGP From The Last 14 Days Check below for free stories on TWGP the last two weeks. |
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| May 8, 2013 | | 17:54 EDT |  | TWGP | Tower Group sees 2013 EPS $2.40-$2.60, consensus $2.34
 Subscribe for More Information | | | 17:53 EDT | | TWGP | Tower Group reports Q1 EPS 56c, consensus 54c
Reports Q1 revenue $438.09M, consensus $415.48M. | |
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