Blue Capital Re (BCRH) Misses Q1 EPS by 6c

Blue Capital Re (NYSE: BCRH) reported Q1 EPS of $0.47, $0.06 worse than the analyst estimate of $0.53.

The Company’s fully converted book value per common share was $20.49 at March 31, 2017, reflecting a 2.3% increase for the quarter and a 7.7% increase over the past twelve months, each inclusive of dividends declared in such periods.

Reinsurance premiums written for the current quarter were $17.0 million, modestly declining $(0.4) million or 2.6% compared to the same period in 2016. The current quarter's reinsurance premium decline was predominantly driven by a larger purchase of reinsurance protection which offset premiums written.

For earnings history and earnings-related data on Blue Capital Re (BCRH) click here.

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