Third Point Reinsurance Ltd. (TPRE) Tops Q1 EPS by 1c

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Go back to Third Point Reinsurance Ltd. (TPRE) Tops Q1 EPS by 1c

Third Point Re Reports First Quarter 2016 Earnings Results

May 5, 2016 4:11 PM EDT

HAMILTON, Bermuda, May 5, 2016 /PRNewswire/ -- Third Point Reinsurance Ltd. ("Third Point Re" or the "Company") (NYSE: TPRE) today announced results for its first quarter ended March 31, 2016.

For the three months ended March 31, 2016, Third Point Re reported a net loss of $51.1 million, or $(0.49) per diluted common share, compared with net income of $50.5 million, or $0.47 per diluted common share, for the three months ended March 31, 2015.

For the three months ended March 31, 2016, diluted book value per share decreased by $0.48 per share, or 3.7%, to $12.37 per share from $12.85 per share as of December 31, 2015.... More