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Last €62.00 EUR
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PRE On Other Exchanges
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partnerre ltd (PRE) Snapshot

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Current Stock Chart for PARTNERRE LTD (PRE)

partnerre ltd (PRE) Related Businessweek News

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partnerre ltd (PRE) Details

PartnerRe Ltd., through its subsidiaries, provides reinsurance and certain specialty insurance services worldwide. It operates in three segments: Non-life, Life and Health, and Corporate and Other. The Non-life segment reinsures agricultural yield and price/revenue risks related to flood, drought, hail, and disease related to crops, livestock, and aquaculture; offers specialized reinsurance and insurance protection for airline, general aviation, and space business; provides third party liability, employers’ liability, workers’ compensation, and personal accident coverages; offers property catastrophe reinsurance protection against windstorm, earthquake, tornado, tropical cyclone, flood, or by any other natural hazard; and provides credit reinsurance to mortgage guaranty insurers and commercial credit insurers. It also offers reinsurance and insurance coverage for the onshore oil and gas industry, mining, power generation, and pharmaceutical operations; reinsurance and insurance for engineering projects; reinsurance and insurance protection and technical services relating to marine hull, cargo, transit, and offshore oil and gas operations; reinsurance coverages for third party liability and property damage risks; property and casualty reinsurance coverages; reinsurance coverage to insurers for property damage or business interruption losses resulting from fires, catastrophes, and other perils; and specialized reinsurance and insurance protection primarily for non-U.S. casualty business. The Life and Health segment provides reinsurance coverage to primary life insurers with respect to individual and group health risks; employer sponsored pension schemes and primary life insurers; and primary life insurers and pension funds to protect against individual and group mortality and disability risks. The company provides its products through brokers and direct relationships with insurance companies. PartnerRe Ltd. was founded in 1993 and is based in Pembroke, Bermuda.

1,069 Employees
Last Reported Date: 02/26/15
Founded in 1993

partnerre ltd (PRE) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $595.5K
Chief Operations Officer and Executive Vice P...
Total Annual Compensation: $536.0K
Chief Executive Officer of Partnerre Global
Total Annual Compensation: $634.8K
Chief Executive Officer of Partnerre North Am...
Total Annual Compensation: $605.7K
Executive Officer
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

partnerre ltd (PRE) Key Developments

PartnerRe Ltd. Declares Dividends on Series D, Series E and Series F Cumulative Redeemable Preferred Shares Payable on March 2, 2015

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period December 1, 2014 - February 28, 2015 of $0.40625 per share on the company’s 6.50% Series D Cumulative Redeemable Preferred Shares, $0.453125 per share on the 7.25% Series E Cumulative Redeemable Preferred Shares, and $0.3671875 on 5.875% Series F Non-Cumulative Redeemable Preferred Shares. The dividends are payable on March 2, 2015, to shareholders of record on February 19, 2015.

PartnerRe Ltd. Announces Executive Changes

PartnerRe Ltd. announced that Greg Haft has been appointed as Head of Catastrophe, subject to Bermuda immigration approval. Based in Bermuda, Mr. Haft is responsible for PartnerRe's worldwide catastrophe reinsurance business and reports to Emmanuel Clarke, CEO PartnerRe Global. Mr. Haft succeeds Brian Secrett, who has left the company to pursue another opportunity. Greg joined PartnerRe in 2013 from Markel Corporation, where he was Managing Director, Head of U.S. Property Catastrophe Underwriting. He has more than 20 years of industry experience.

PartnerRe Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

PartnerRe Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, operating earnings were $218.3 million, or $4.37 per share compared to operating earnings of $157.4 million, or $2.91 per share, for the fourth quarter of 2013. Gross premiums written was $1,236.68 million compared to $1,190.76 million a year ago. Net premiums written was $1,220.04 million compared to $1,186.00 million a year ago. Net premiums earned was $1,445.73 million compared to $1,421.42 million a year ago. Total revenues were $1,663.04 million compared to $1,638.56 million a year ago. Income before taxes and interest in earnings of equity method investments was $334.27 million compared to $283.02 million a year ago. Net income attributable to common shareholders of the company was $262.71 million or $5.26 per diluted share compared to $257.60 million or $4.76 per diluted share a year ago. Annualized operating ROE was 16.0% and annualized net income ROE was 19.3%. Net cash provided by operating activities was $269 million compared to $244 million a year ago. For the full year, net income attributable to common shareholders of the company was $998.2 million, or $19.51 per share. This includes net after-tax realized and unrealized gains on investments of $286.3 million, or $5.60 per share. Net income attributable to common shareholders of the company for the full year 2013 was $597.0 million, or $10.58 per share, including net after-tax realized and unrealized losses on investments of $127.2 million, or $2.25 per share. Operating earnings were $755.4 million, or $14.76 per share. Operating earnings of $14.76 per share represents a record annual high for PartnerRe. This compares to operating earnings of $721.7 million, or $12.79 per share, for the full year 2013. Book value per common share was $126.21 at December 31, 2014, up 15.5% compared to $109.26 at December 31, 2013. Tangible book value per common share was $114.76 at December 31, 2014, up 16.5% compared to $98.49 at December 31, 2013. Both book value per common share and tangible book value per share at December 31, 2014 were record highs for PartnerRe. The increases were primarily driven by net income and the accretive impact of share repurchases, which was partially offset by common and preferred dividend payments. Gross premiums written was $5,932.00 million compared to $5,569.71 million a year ago. Net premiums written was $5,719.88 million compared to $5,396.53 million a year ago. Net premiums earned was $5,609.20 million compared to $5,198.21 million a year ago. Total revenues were $6,476.88 million compared to $5,538.41 million a year ago. Income before taxes and interest in earnings of equity method investments was $1,292.35 million compared to $708.19 million a year ago. Annualized operating ROE was 13.5% and annualized net income ROE was 17.9%. Net cash provided by operating activities was $853 million compared to $827 million a year ago.

 

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PRE

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Valuation PRE Industry Range
Price/Earnings 5.8x
Price/Sales 0.9x
Price/Book 0.8x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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