Exhibit 99.1
(VALIDUS RE LOGO)
     
Contacts:
   
Investors:
  Media:
Validus Holdings, Ltd.
  Jamie Tully/Jonathan Doorley
Jon Levenson, Senior Vice President
  Sand Verbinnen & Co.
+1-441-278-9000
  +1-212-687-8080
Jon.Levenson@Validusre.bm
   
 
  Roddy Watt / Tony Friend
 
  College Hill
 
  +44 (0) 207-457-2020
VALIDUS ANNOUNCES FOURTH QUARTER NET OPERATING INCOME OF $50.9 MILLION
AND NET INCOME OF $37.0 MILLION
Diluted Book Value Per Share of $23.78 at December 31, 2008
Hamilton, Bermuda, February 12, 2009
— Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE: VR) today reported net income for the quarter ended December 31, 2008 of $37.0 million, or $0.47 per diluted common share, compared with net income of $139.0 million, or $1.77 per diluted common share, for the quarter ended December 31, 2007. Net income for the year ended December 31, 2008 was $53.1 million, or $0.61 per diluted share, compared with $403.0 million, or $5.95 per diluted common share, for the corresponding period in 2007.
Net operating income for the fourth quarter of 2008 was $50.9 million, or $0.65 per diluted share, compared with net operating income of $131.5 million, or $1.68 per diluted common share, for the quarter ended December 31, 2007. Net operating income for the year ended December 31, 2008 was $175.1 million, or $2.22 per diluted common share, compared with $388.2 million, or $5.73 per diluted common share, for the year ended December 31, 2007. Operating results of Talbot have been included in the consolidated financial statements from the acquisition date of July 2, 2007.
Net operating income, a non-GAAP financial measure, is defined as net income excluding net realized and unrealized gains or losses on investments, foreign exchange gains and losses and non-recurring items. Reconciliations of this measure to net income, the most directly comparable GAAP measure, are presented at the end of this release.
Commenting on fourth quarter and full year 2008 results and 2009 business conditions, Validus’ Chief Executive Officer Ed Noonan stated: “2008 was an extraordinary test of our enterprise risk management and we are very pleased with our success in such troubled times. We absorbed the worst financial markets in recent memory, as well as one of the most costly natural disasters in history, and still generated $98.4 million of underwriting income and $53.1 million in net income for our shareholders.
Our ability to protect our capital has positioned us to benefit strongly from the improving pricing
Validus Holdings Limited, 19 Par-la-Ville Road, Hamilton, Bermuda HM11
Tel: 441.278.9000 Fax: 441.278.9090
www.validusre.bm

1


The following information was filed by Validus Holdings Ltd (VR) on Friday, February 13, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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