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Last €62.00 EUR
Change Today 0.00 / 0.00%
Volume 0.0
PRE On Other Exchanges
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As of 11:50 AM 01/15/15 All times are local (Market data is delayed by at least 15 minutes).

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
Compensation as of Fiscal Year 2014.

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.

 

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PRE Competitors

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Company Last Change
Alleghany Corp $486.13 USD -3.25
American Financial Group Inc/OH $68.95 USD -0.40
Axis Capital Holdings Ltd $57.56 USD +1.22
Everest Re Group Ltd $183.12 USD +0.13
WR Berkley Corp $55.72 USD -0.25
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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 0.7x
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