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Last $14.09 USD
Change Today -0.29 / -2.02%
Volume 212.2K
TPRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

third point reinsurance ltd (TPRE) Snapshot

Open
$14.28
Previous Close
$14.38
Day High
$14.28
Day Low
$14.03
52 Week High
04/23/14 - $16.30
52 Week Low
01/29/15 - $13.00
Market Cap
1.5B
Average Volume 10 Days
164.0K
EPS TTM
$-0.22
Shares Outstanding
105.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for THIRD POINT REINSURANCE LTD (TPRE)

third point reinsurance ltd (TPRE) Related Businessweek News

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third point reinsurance ltd (TPRE) Details

Third Point Reinsurance Ltd., through its subsidiaries, provides various specialty property and casualty reinsurance products in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in two segments, Property and Casualty Reinsurance, and Catastrophe Risk Management. The Property and Casualty Reinsurance segment underwrites property, personal automobile, workers compensation, homeowners’, crop insurance, mortgage insurance, extended warranty insurance, and multi-line reinsurance for insurance and reinsurance companies. The Catastrophe Risk Management segment underwrites property catastrophe exposures; and writes excess of loss catastrophe reinsurance. The company was incorporated in 2011 and is headquartered in Pembroke, Bermuda.

23 Employees
Last Reported Date: 02/27/15
Founded in 2011

third point reinsurance ltd (TPRE) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.3M
President, Chief Operating Officer, President...
Total Annual Compensation: $1.1M
Chief Financial Officer
Total Annual Compensation: $560.0K
Executive Vice President of Underwriting
Total Annual Compensation: $900.0K
Head of Investor Relations & Business Develop...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2014.

third point reinsurance ltd (TPRE) Key Developments

Third Point Reinsurance Ltd. Appoints Steven E. Fass as Lead Independent Director

Third Point Reinsurance Ltd. announced that at its February 26, 2015 meeting the company's Board of Directors appointed Steven E. Fass, who has served as a Director of the company since February 2012, to the newly created position of Lead Independent Director. In this additional role, Mr. Fass will chair non-management executive sessions of the Board, act as a liaison between the Board and executive management of the company, assist in setting meeting agendas, assist the Chairman in Board and Board member performance assessments, and act as Chairman in the event the current Chairman is unavailable.

Third Point Reinsurance Ltd., Board Meeting, Feb 26, 2015

Third Point Reinsurance Ltd., Board Meeting, Feb 26, 2015. Agenda: To consider appointment of Steven E. Fass as Lead Independent Director.

Third Point Reinsurance Ltd. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Third Point Reinsurance Ltd. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported a net loss of $14.7 million, or $0.14 per diluted common share, compared with net income of $80.1 million, or $0.75 per diluted common share, for the fourth quarter of 2013, a decrease of 118.3%. Return on beginning shareholders' equity was negative at 1.0% compared with return on beginning shareholders' equity of 6.1% a year ago. Total revenues were $177.1 million compared with $147.8 million a year ago. Loss before income tax was $12.1 million compared with income of $81.7 million a year ago. For the year, the company reported net income of $50.4 million, or $0.47 per diluted common share, compared with $227.3 million, or $2.54 per diluted common share, for the year ended December 31, 2013, a decrease of 77.8%. As on December 31, 2014, the company's diluted book value per share was $13.55 per share. The overall results for the quarter were disappointing due to challenging investment market conditions. Return on beginning shareholders' equity was 3.6% compared with return on beginning shareholders' equity of 23.4% a year ago. Total revenues were $530.1 million compared with $478.8 million a year ago. Income before income tax was $62.4 million compared with $233.1 million a year ago.

 

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Industry Analysis

TPRE

Industry Average

Valuation TPRE Industry Range
Price/Earnings 30.6x
Price/Sales 2.8x
Price/Book 1.0x
Price/Cash Flow 30.0x
TEV/Sales NM Not Meaningful
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