On May 17, 2013, PartnerRe Ltd. announced that Messrs. Baumgartner and Rollwagen, having reached the mandatory retirement age of 73 pursuant to the company's Corporate Governance Principles and Application Guidelines, have advised the company of their retirement, effective immediately. Mr. Baumgartner was the Chair of the Compensation and Management Development Committee and a member of the Risk and Finance Committee. Mr. Rollwagen was a member of the Compensation and Management Development Committee and the Risk and Finance Committee.

PartnerRe Ltd. has declared a dividend for the period from March 1, 2013 to May 31, 2013, of $0.40625 per share on the company's 6.50% Series D Cumulative Redeemable Preferred Shares and $0.453125 per share on the company's 7.25% Series E Cumulative Redeemable Preferred Shares. The company has also declared a dividend for the period from February 14, 2013 to May 31, 2013 of $0.4283854 per share on the company's 5.875% Series F Cumulative Redeemable Preferred Shares. The dividends are payable on June 3, 2013, to shareholders of record on May 23, 2013.

PartnerRe Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported net income available to common shareholders of $210.5 million, or $3.53 per diluted share for the first quarter of 2013. This includes net after-tax realized and unrealized gains on investments of $12.3 million, or $0.20 per share. Net income available to common shareholders for the first quarter of 2012 was $344.7 million, or $5.24 per diluted share, including net after-tax realized and unrealized gains on investments of $159.2 million, or $2.42 per share. The company recorded operating earnings of $202.1 million, or $3.39 per share, for the first quarter of 2013. This compares to operating earnings of $181.7 million, or $2.76 per share, for the first quarter of 2012. Book value per common share was $102.96 at March 31, 2013, up 2.1% compared to $100.84 at December 31, 2012. Tangible book value per common share was $92.91 at March 31, 2013, up 2.3% compared to $90.86 at December 31, 2012. The increases were primarily driven by net income for the first quarter and the accretive impact of share repurchases, which were partially offset by common and preferred dividend payments. For the quarter, net premiums written was $1,636,431,000, total revenues were $1,297,254,000 and income before taxes and interest in earnings of equity investments was $268,830,000 against net premiums written of $1,473,286,000, total revenues of $1,332,207,000 and income before taxes and interest in earnings of equity investments of $422,237,000 a year ago. Annualized net income ROE was 14.0%.