Blue Capital Re (BCRH) Misses Q2 EPS by 17c, Revenues Miss

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Blue Capital Reinsurance Holdings Reports Second Quarter 2018 Financial Results

July 31, 2018 4:15 PM EDT

HAMILTON, Bermuda, July 31, 2018 (GLOBE NEWSWIRE) -- Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH) (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 second quarter of 2018 and provided a portfolio update related to June 1, 2018 renewals.

The Company recorded net income of $2.5 million ($0.28 per share) for the second quarter of 2018 and $3.0 million ($0.34 per share) for the six months ended June 30, 2018. The Companys fully converted book value per common share was $14.21 at... More