Last $14.69 USD
Change Today +0.16 / 1.10%
Volume 398.5K
TPRE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

third point reinsurance ltd (TPRE) Snapshot

Open
$14.61
Previous Close
$14.53
Day High
$14.74
Day Low
$14.56
52 Week High
12/20/13 - $18.84
52 Week Low
10/15/14 - $13.60
Market Cap
1.5B
Average Volume 10 Days
436.6K
EPS TTM
$0.35
Shares Outstanding
104.0M
EX-Date
--
P/E TM
41.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for THIRD POINT REINSURANCE LTD (TPRE)

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third point reinsurance ltd (TPRE) Details

Third Point Reinsurance Ltd. and its subsidiary, Third Point Reinsurance Company Ltd., provide various specialty property and casualty reinsurance products. 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, 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 based in Pembroke, Bermuda.

20 Employees
Last Reported Date: 02/28/14
Founded in 2011

third point reinsurance ltd (TPRE) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Unde...
Total Annual Compensation: $1.3M
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: $1.1M
Executive Vice President of Underwriting
Total Annual Compensation: $900.0K
Compensation as of Fiscal Year 2013.

third point reinsurance ltd (TPRE) Key Developments

Third Point Reinsurance Ltd. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:05 PM

Third Point Reinsurance Ltd. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:05 PM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States.

Third Point Reinsurance Ltd. Presents at Macquarie Capital Bermuda in Boston Reinsurance Conference, Sep-23-2014

Third Point Reinsurance Ltd. Presents at Macquarie Capital Bermuda in Boston Reinsurance Conference, Sep-23-2014 . Venue: Omni Parker House, 60 School Street, Boston, MA 02108, United States.

Third Point Reinsurance Ltd. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Third Point Reinsurance Ltd. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company net premiums written of $145,508,000 against $98,215,000 a year ago. Income before income tax expense was $34,674,000 against $26,524,000 a year ago. Net income was $31,292,000 or $0.29 per diluted share against $26,223,000 or $0.33 per diluted share a year ago. Diluted book value per share as on June 30, 2014 was $13.72 against $13.12 as on December 31, 2013. Return on beginning shareholders' equity was 2.2% against 2.8% a year ago. Net premiums earned were $78,750,000 against $62,287,000 a year ago. Gross premiums written for the quarter was increased by $45.8 million, or 48.4% to $140.4 million. This increase was primarily due to strong new business production and increased premiums on business renewed, partially offset by business not renewed. The increase in net premiums earned is a result of larger in-force underwriting portfolio compared to the same period last year. For the six months, the company net premiums written of $233,095,000 against $184,260,000 a year ago. Income before income tax expense was $75,469,000 against $102,037,000 a year ago. Net income was $71,071,000 or $0.66 per diluted share against $100,653,000 or $1.26 per diluted share a year ago. Return on beginning shareholders' equity was 5.1% against 11.6% a year ago. Net premiums earned were $152,012,000 against $95,828,000 a year ago.

 

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Industry Analysis

TPRE

Industry Average

Valuation TPRE Industry Range
Price/Earnings 7.6x
Price/Sales 3.0x
Price/Book 1.0x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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