Last $15.63 USD
Change Today +0.13 / 0.84%
Volume 148.4K
As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

third point reinsurance ltd (TPRE) Snapshot

Open
$15.60
Previous Close
$15.50
Day High
$15.65
Day Low
$15.40
52 Week High
12/20/13 - $18.84
52 Week Low
08/15/13 - $12.25
Market Cap
1.6B
Average Volume 10 Days
196.5K
EPS TTM
$0.48
Shares Outstanding
103.9M
EX-Date
--
P/E TM
32.7x
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. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014

Third Point Reinsurance Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $39.8 million or $0.37 per diluted share compared with $74.4 million, or $0.93 per diluted share, for the first quarter of 2013, a decrease of 46.6%. For the quarter ended March 31, 2014, the company reported diluted book value per share increased by $0.31 per share, or 2.4%, to $13.43 per share from $13.12 per share as of December 31, 2013. Net investment income was $50.0 million, compared to $81.4 million last year. Gross premiums written were $87,587,000 compared to $96,020,000 last year. Net premiums written were $87,587,000 compared to $86,045,000 last year. Net premiums earned were $73,262,000 compared to $33,541,000 last year. Total revenues were $123,297,000 compared to $114,902,000 last year. Return on beginning shareholders' equity was 2.9% compared to 8.6% last year. Return on investments managed by Third Point LLC was 3.1% compared to 8.7% last year. The company is optimistic with results for the remainder of 2014. In its portfolio, the company remains consciously constructive and expects a modest decrease in exposure levels. However, it anticipate 2014 to be a favorable environment for event-driven investing and expect strong outperformance from value stocks. It will continue to focus on compelling opportunities and will look for attractive entry points to initiate or add to positions as a result of short-term market volatility.

Third Point Reinsurance Ltd. to Report Q1, 2014 Results on May 08, 2014

Third Point Reinsurance Ltd. announced that they will report Q1, 2014 results at 5:00 PM, SA Western Standard Time on May 08, 2014

Third Point Reinsurance Ltd., Q1 2014 Earnings Call, May 09, 2014

Third Point Reinsurance Ltd., Q1 2014 Earnings Call, May 09, 2014

 

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Industry Analysis

TPRE

Industry Average

Valuation TPRE Industry Range
Price/Earnings 7.8x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 8.4x
TEV/Sales NM Not Meaningful
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