Third Point Reinsurance Ltd. (TPRE) Misses Q2 EPS by 29c

Third Point Reinsurance Ltd. (NYSE: TPRE) reported Q2 EPS of $0.41, $0.29 worse than the analyst estimate of $0.70.

Third Point Re reported net income of $74.6 million, or $0.71 per diluted common share, for the second quarter of 2017, compared to net income of $53.4 million, or $0.51 per diluted common share, for the second quarter of 2016. For the six months ended June 30, 2017, Third Point Re reported net income of $178.8 million, or $1.70 per diluted common share, compared to net income of $2.2 million, or $0.02 per diluted common share, for the six months ended June 30, 2016.

For the three months ended June 30, 2017, diluted book value per share increased by $0.70 per share, or 5.0%, to $14.74 per share as of June 30, 2017, from $14.04 per share as of March 31, 2017. For the six months ended June 30, 2017, diluted book value per share increased by $1.58 per share, or 12.0%, to $14.74 per share from $13.16 per share as of December 31, 2016.

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

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