Last $110.47 USD
Change Today +1.13 / 1.03%
Volume 266.0K
As of 4:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

partnerre ltd (PRE) Snapshot

Open
$109.68
Previous Close
$109.34
Day High
$110.56
Day Low
$109.18
52 Week High
07/14/14 - $112.11
52 Week Low
09/6/13 - $85.98
Market Cap
5.6B
Average Volume 10 Days
259.4K
EPS TTM
$12.99
Shares Outstanding
50.5M
EX-Date
05/15/14
P/E TM
8.5x
Dividend
$2.68
Dividend Yield
2.37%
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. Announces Retirement of Stanca as Member of Audit Committee and the Nominating & Governance Committee

PartnerRe Ltd. announced that Mr. Stanca, having reached the mandatory retirement age of 73 pursuant to the company's corporate governance principles and application guidelines, has advised the company of his retirement, effective immediately. Mr. Stanca was a member of the Audit Committee and the Nominating & Governance Committee.

PartnerRe Ltd. Declares Dividends on Series D Cumulative Redeemable Preferred Shares, Series E Cumulative Redeemable Preferred Shares and Series F Cumulative Redeemable Preferred Shares for the Period Ended May 31, 2014, Payable on June 2, 2014

PartnerRe Ltd. announced that its Board of Directors has declared a dividend for the period March 1, 2014 - May 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 June 2, 2014, to shareholders of record on May 22, 2014.

PartnerRe Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

PartnerRe Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported a net income attributable to the company’s common shareholders of $295.7 million, or $5.61 per share for the first quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $115.8 million, or $2.20 per share. Net income attributable to the company’s common shareholders for the first quarter of 2013 was $210.5 million, or $3.53 per share, including net after-tax realized and unrealized gains on investments of $12.3 million, or $0.20 per share. The company reported operating earnings of $176.9 million, or $3.36 per share, for the first quarter of 2014. This compares to operating earnings of $202.1 million, or $3.39 per share, for the first quarter of 2013. Operating earnings or loss excludes certain net after-tax realized and unrealized investment gains and losses, net after-tax foreign exchange gains and losses, certain net after-tax interest in results of equity method investments and the loss on redemption of preferred shares, and is calculated after the payment of preferred dividends. Net premiums written of $1.7 billion were up 6%. The increase was driven by the North America and Global Specialty Non-life sub-segments, and the Life and Health segment. The increase was primarily driven by the agriculture and credit/surety lines of business in the North America Non-life sub-segment, the multi-line and agriculture lines of business in the Global Specialty Non-life sub-segment and PartnerRe Health's accident and health line of business in the Life and Health segment. These increases were partially offset by decreases in the Catastrophe and Global (Non-U.S.) P&C Non-life sub-segments. Net premiums earned of $1.3 billion were up 9%, or 10% on a constant foreign exchange basis. The increase was primarily driven by the earning of new business written in 2013 in the North America, Global (Non-U.S.) P&C and Global Specialty Non-life sub-segments and the Life and Health segment. Net investment income of $117 million was down 6%. The decrease in net investment income primarily reflects lower reinvestment rates. Book value per common share was $114.13 at March 31, 2014, a record high for PartnerRe, up 4.5% compared to $109.26 at December 31, 2013. Tangible book value per common share was $103.10 at March 31, 2014, up 4.7% compared to $98.49 at December 31, 2013. The increases were primarily driven by net income, which was partially offset by common and preferred dividend payments. Total revenues were $1,513.23 million against $1,297.3 million a year ago. Income before taxes and interest in earnings of equity method investments was $369.13 million against $268.830 million a year ago.

 

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Industry Analysis

PRE

Industry Average

Valuation PRE Industry Range
Price/Earnings 8.8x
Price/Sales 1.0x
Price/Book 0.8x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful
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