Third Point Reinsurance Ltd. (TPRE) Tops Q3 EPS by 10c

November 3, 2016 5:36 PM EDT
Get Alerts TPRE Hot Sheet
Trade TPRE Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Third Point Reinsurance Ltd. (NYSE: TPRE) reported Q3 EPS of $0.68, $0.10 better than the analyst estimate of $0.58.

"During the third quarter, we generated premiums written of $142.6 million, a decrease of 30.6% compared to the prior year's third quarter, primarily due to one large reserve cover that was written in the prior year period. Our combined ratio for the quarter was 106.5%, which was in line with expectations given current market conditions and lines of business on which we focus," commented John Berger, Chairman and Chief Executive Officer. "Our investments continued to perform well through the third quarter resulting in a 5.2% increase in diluted book value per share for the quarter."

For earnings history and earnings-related data on Third Point Reinsurance Ltd. (TPRE) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Management Comments

Related Entities

Third Point LLC, Earnings

Add Your Comment