Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $139.20 USD
Change Today +3.24 / 2.38%
Volume 2.1M
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

partnerre ltd (PRE) Key Developments

PartnerRe Reportedly Open To Acquisition Talks With Exor

PartnerRe Ltd. (NYSE:PRE) is willing for negotiations of a potential merger with Exor S.p.A. (BIT:EXO) which initially offered $130 per share for PartnerRe in April 2015. Since then, Exor has increased its offer several times and is now offering $6.7 billion for PartnerRe. PartnerRe has reached out to Exor in recent days to schedule discussions, the people said this week. Exor, however, is waiting for PartnerRe's board to formulate and propose the terms of a potential agreement, one of the people added. Exor has said repeatedly that it would not go hostile by launching a tender offer for the PartnerRe shares.

PartnerRe Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

PartnerRe Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $1,192,520,000 against $1,658,018,000 a year ago. Loss before taxes and interest in losses of equity method investments was $111,032,000 against income before taxes and interest in earnings of equity method investments of $347,307,000 for the same period in the last year. Net loss attributable to the company’s common shareholders was $103,093,000 or $2.16 per diluted share against net income attributable to the company’s common shareholders of $257,657,000 or $5.02 per diluted share a year ago. Operating earnings attributable to the company’s common shareholders were $112,494,000 or $2.35 per diluted share against $133,508,000 or $2.60 per diluted share a year ago. Net cash provided by operating activities was $118 million against $142 million a year ago. Annualized Operating ROE was 7.5%. For the six months, total revenues were $2,651,809,000 against $3,171,242,000 a year ago. Income before taxes and interest in earnings of equity method investments was $220,569,000 against $716,435,000 for the same period in the last year. Net income attributable to the company’s common shareholders was $128,640,000 or $2.64 per diluted share against $553,316,000 or $10.64 per diluted share a year ago. Operating earnings attributable to the company’s common shareholders were $263,030,000 or $5.39 per diluted share against $310,418,000 or $5.97 per diluted share a year ago. Net cash provided by operating activities was $257 million against $221 million a year ago. Book value per common share was $127.24 at June 30, 2015, up 0.8% compared to $126.21 at December 31, 2014. Tangible book value per common share was $115.90 at June 30, 2015, up 1.0% compared to $114.76 at December 31, 2014. The increases were primarily driven by net income, which was partially offset by common and preferred dividend payments. Annualized Operating ROE was 8.5%.

PartnerRe Ltd. Declares Quarterly Dividend, Payable on September 1, 2015

PartnerRe Ltd. announced that its Board of Directors has declared a dividend of $0.70 per common share. The dividend will be payable on September 1, 2015, to common shareholders of record on August 7, 2015.

PartneRre Ltd. Announces Special Dividend

PartnerRe Ltd. and Axis recently enhanced their merger terms, with an increase to USD 17.50 per common share in the one-time, special cash dividend payable to each holder of record of PartnerRe common shares immediately prior to the closing of the amalgamation between PartnerRe and Axis Capital.

PartnerRe Ltd. Announces Special Pre-Closing Dividend

EXOR S.p.A. announced that PartnerRe Ltd.'s Common Shareholders will receive a special pre-closing dividend of $3.00 per share in connection with the EXOR transaction. This dividend will be in addition to EXOR’s confirmed $137.50 per share all-cash offer, bringing EXOR’s total all-cash consideration to $140.50 per share for Common Shareholders. EXOR has added the $3.00 per share special dividend to compensate PartnerRe shareholders for the expected closing of the EXOR transaction in early 2016.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PRE:US $139.20 USD +3.24

PRE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alleghany Corp $488.23 USD +2.10
American Financial Group Inc/OH $69.13 USD +0.18
Axis Capital Holdings Ltd $59.77 USD +2.21
Everest Re Group Ltd $183.78 USD +0.66
WR Berkley Corp $55.84 USD +0.12
View Industry Companies
 

Industry Analysis

PRE

Industry Average

Valuation PRE Industry Range
Price/Earnings 11.7x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 9.9x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PARTNERRE LTD, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.