Blue Capital Re (BCRH) Declares $0.59 Special Dividend; 3.1% Yield

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Blue Capital Reinsurance Holdings Reports Fourth Quarter 2016 Financial Results and Declares Special Dividend

February 1, 2017 4:06 PM EST

PEMBROKE, Bermuda -  February 1, 2017 - Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH) ("Blue Capital" or the "Company"), a Bermuda holding company that, through its operating subsidiaries, offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities, today reported its financial results for the fourth quarter of 2016.

The Company's net income was $4.0 million ($0.46 per share) for the fourth quarter of 2016 and $14.3 million ($1.63 per share) for the twelve months ended December 31, 2016. The Company's fully converted book value per common share was $20.90 at December 31, 2016, reflecting a 2.3% increase for the... More