Last $112.24 USD
Change Today -0.39 / -0.35%
Volume 327.4K
PRE On Other Exchanges
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As of 6:40 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

partnerre ltd (PRE) Snapshot

Open
$112.90
Previous Close
$112.63
Day High
$113.23
Day Low
$112.07
52 Week High
09/3/14 - $113.35
52 Week Low
09/18/13 - $90.07
Market Cap
5.6B
Average Volume 10 Days
290.6K
EPS TTM
$14.86
Shares Outstanding
49.7M
EX-Date
08/14/14
P/E TM
7.6x
Dividend
$2.68
Dividend Yield
2.36%
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. The company reinsures agricultural yield and price/revenue risks related to flood, drought, hail, and disease related to crops, livestock, and aquaculture; provides specialized reinsurance and insurance protection for airline, general aviation, and space insurance business; offers third party liability, employers’ liability, workers’ compensation, and personal accident insurance; and provides property catastrophe reinsurance protection against the accumulation of losses caused by windstorm, earthquake, tornado, tropical cyclone, flood, or by any other natural hazard. It also offers credit reinsurance to mortgage guaranty insurers and commercial credit insurers; reinsurance and insurance coverage for the onshore oil and gas, mining, power generation, and pharmaceutical industries; reinsurance and insurance for engineering projects; and reinsurance and insurance protection and technical services relating to marine hull, cargo, transit, and offshore oil and gas operations. In addition, the company provides reinsurance coverage for third party liability and property damage risks; property and casualty reinsurance coverage; reinsurance coverage to insurers for property damage or business interruption losses resulting from fires, catastrophes, and other perils; and specialized reinsurance protection for non-U.S. casualty business. Further, it offers reinsurance coverage to primary life insurers and pension funds to protect against individual and group mortality and disability risks; employer sponsored pension schemes and primary life insurers; and primary life insurers with respect to individual and group health 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.

1,112 Employees
Last Reported Date: 02/27/14
Founded in 1993

partnerre ltd (PRE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $578.9K
Chief Executive Officer of Partnerre Global
Total Annual Compensation: $699.6K
Chief Executive Officer of Partnerre North Am...
Total Annual Compensation: $596.8K
Compensation as of Fiscal Year 2013.

partnerre ltd (PRE) Key Developments

PartnerRe Ltd. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 01:15 PM

PartnerRe Ltd. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 01:15 PM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: William R. Babcock, Chief Financial Officer and Executive Vice President.

PartnerRe Ltd. Declares Quarterly Preference Dividends, Payable on September 2, 2014

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period June 1, 2014 -- August 31, 2014 of $0.40625 per share on the company's 6.50% Series D Cumulative Redeemable Preferred Shares, $0.453125 per share on the company's 7.25% Series E Cumulative Redeemable Preferred Shares, and $0.3671875 on the company's 5.875% Series F Non-Cumulative Redeemable Preferred Shares. The dividends are payable on September 2, 2014, to shareholders of record on August 22, 2014.

Partnerre Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

PartnerRe Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported net income of $257.7 million, or $5.02 per share for the second quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $123.7 million, or $2.41 per share. The net loss for the second quarter of 2013 was $190.4 million, or $3.37 per share, including net after-tax realized and unrealized losses on investments of $230.0 million, or $4.07 per share. The company reported operating earnings of $133.5 million, or $2.60 per share, for the second quarter of 2014. This compares to operating earnings of $51.1 million, or $0.90 per share, for the second quarter of 2013. Total revenues were $1,658,018,000 against $1,037,802,000 for the same period in the last year. Income before taxes and interest in earnings of equity method investments was $347,307,000 against loss before taxes and interest in losses of equity method investments of $245,478,000 for the same period in the last year. Second Quarter Annualized Operating ROE of 9.5%. For the second quarter, net premiums written of $1.4 billion were up 8%, or 7% on a constant foreign exchange basis. The increase was driven by the Life and Health segment and the North America and Global Specialty Non-life sub-segments. The increase was primarily driven by PartnerRe Health's accident and health business in the Life and Health segment and new business written at the January 1 renewals across multiple lines of business in the North America and Global Specialty Non-life sub-segments. Operating cash flow was $142 million this quarter, compared to $160 million reported in the comparable prior year quarter, reflecting higher underwriting cash flows, partially offset by higher taxes and FX. Net income for the first six months of 2014 was $553.3 million, or $10.64 per share. This includes net after-tax realized and unrealized gains on investments of $239.6 million, or $4.61 per share. Net income for the first six months of 2013 was $20.2 million, or $0.34 per share, including net after-tax realized and unrealized losses on investments of $217.7 million, or $3.72 per share. Operating earnings for the first six months of 2014 were $310.4 million, or $5.97 per share. This compares to operating earnings of $253.1 million, or $4.32 per share, for the first six months of 2013. Total revenues were $3,171,242,000 against $2,335,056,000 for the same period in the last year. Income before taxes and interest in earnings of equity method investments was $716,435,000 against $23,352,000 for the same period in the last year. Half Year Annualized Operating ROE of 10.9% Book value per common share was $118.96 at June 30, 2014, a record high for PartnerRe, up 8.9% compared to $109.26 at December 31, 2013. Tangible book value per common share was $107.80 at June 30, 2014, up 9.5% compared to $98.49 at December 31, 2013. 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. The company expected third quarter earned premium will be about 2.5x that of the second quarter.

 

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PRE

Industry Average

Valuation PRE Industry Range
Price/Earnings 5.3x
Price/Sales 0.9x
Price/Book 0.8x
Price/Cash Flow 4.6x
TEV/Sales 0.5x
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