Weather Losses Contribute to Third Point Reinsurance Ltd. (TPRE) EPS Loss; Compass Point Reiterates Buy

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Go back to Weather Losses Contribute to Third Point Reinsurance Ltd. (TPRE) EPS Loss; Compass Point Reiterates Buy

Third Point Re Reports Third Quarter 2015 Earnings Results

November 3, 2015 4:23 PM EST

HAMILTON, Bermuda, Nov. 3, 2015 /PRNewswire/ -- Third Point Reinsurance Ltd. ("Third Point Re" or the "Company") (NYSE: TPRE) today announced results for its third quarter ended September 30, 2015.

Third Point Re reported a net loss of $195.7 million, or $(1.88) per diluted common share, for the third quarter of 2015, compared with a net loss of $6.0 million, or $(0.06) per diluted common share, for the third quarter of 2014. For the nine months ended September 30, 2015, Third Point Re reported a net loss of $129.6 million, or $(1.25) per diluted common share compared with net income of $65.1 million, or $0.61 per... More