Endurance Specialty Holdings Ltd. reported profit of $76.0 million for the second quarter of 2015, a modest increase of 1.3% from the second quarter of 2014.

Total net premiums written for the second quarter of 2014 were $559.08 million, an increase of 9.3% over the prior-year quarter, the Pembroke, Bermuda-based insurer and reinsurer said Monday in an earnings statement. Net premiums written for the insurance segment were $190.3 million, up 6.29%, and $368.8 million for the reinsurance segment, up 11.0% from the same quarter of last year.

Revenue for the reinsurer fell 3.5% to $501 million for the three months ending June 30, 2015.

The total combined ratio for Endurance improved from 88.1% to 85.5% in the second quarter of 2014. The combined ratio for the insurance segment deteriorated to 95.2% from 91.8% in same quarter 2014. The reinsurance segment's combined ratio improved to 73.0% from 74.3% in last year's quarter.

Last week, Endurance announced its completion of Montpelier Re Holdings Ltd. acquisition for $1.83 billion after both companies received overwhelming support from shareholders of the transaction, Endurance said in a company announcement.

“Looking forward, Endurance is now in an excellent position to outperform in an increasingly challenging market. We have great momentum in our businesses, having been bolstered by the addition of Montpelier business and people, and are now extremely well positioned to positively differentiate our performance,” John R. Charman, Endurance's chairman and CEO, said Tuesday in a conference call.

For the first half of the year, Endurance's total revenue dipped 0.76% to 952.70 million. Profit for the first six months of 2015 increased 2.94% to 176.3 million.

Net written premiums for the insurance segment for the first six months of 2015 were down 5.3% to $494.34 million and for the reinsurance segment net written premiums increased 5.28% to $829.70 million.

Combined ratio for the whole company for the first six months of 2015 improved slightly to 84.1%. The insurance segment's combined ratio deteriorated slightly to 92.2% with the reinsurance segment also deteriorating to 73.8%.