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Daily Insurance Industry News
Saturday 23rd of June 2018
October 27, 2009

PartnerRe reports Q3 profits

by Richard Kilner

Story link: PartnerRe reports Q3 profits

PartnerRe Ltd. (NYSE:PRE) has reported that it made net income of $567m in the third quarter, equating to $9.44 per share on a fully diluted basis.

This compares very favourably to the net loss of $151.7m, or $3.01 per share, incurred during the same quarter last year, and is also better than the net income of $474.3m recorded for the second quarter of this year.

For the first nine months of the year the firm made a net income of $1.2bn, or $19.95 per share.

President and Chief Executive Officer Patrick Thiele has described the firm’s financial performance during the third quarter as excellent, and also expressed his pleasure at the firm’s results for the first nine months of the year.

 

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