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

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.

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