PREJF
PartnerRe Ltd.17.01
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
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0%Recent Filings
8-K
Preferred exchange offers expired
PartnerRe's preferred share exchange offers expired April 29, 2016, swapping 6.4M Series D, 11.8M Series E, and 7.3M Series F shares for equivalent new Series G, H, and I shares. New shares match old terms but extend redemption to the fifth anniversary and cap common distributions at 67% of quarterly net income through 2020, per EXOR merger terms. Remaining old shares unchanged.
10-Q
Q1 FY2016 results
PartnerRe's Q1 2016 net premiums earned fell 7.6% y/y to $1.14B, with Non-life combined ratio climbing to 94.3% (derived) from 82.8% amid weaker current accident year results and $41M less prior-year favorable development ($183M total), yet underwriting held steady at $52M. Stronger investment gains of $167M (up 44% y/y) on falling rates drove net income to $216M, down mildly from $248M due to $66M merger costs. Cash swelled to $1.75B; EXOR closed the March acquisition for $137.50/share cash plus $150M special dividend (cash), delisting common shares. Debt steady at $821M. Catastrophe losses loom large.
8-K
Q1 earnings amid EXOR takeover
PartnerRe posted Q1 net income of $201.4 million, boosted by $148.1 million in investment gains, yet operating earnings fell to $44.2 million from $150.5 million last year amid 9% lower net premiums written at $1.5 billion. Non-life combined ratio hit 94.3%, aided by $183 million favorable reserve development. EXOR closed its acquisition March 18. Markets stay tough.
8-K
PartnerRe rolls out cash LTI awards
PartnerRe launched a cash-based LTI Program on April 20, 2016, effective March 1, replacing its expired Employee Equity Plan to attract and retain key talent, including named executive officers. Awards cliff-vest after two years based on service, 2016-2017 performance, and for executives, appreciation rights. Accelerated vesting kicks in on change of control, excluding the EXOR merger. Forfeiture hits on early exit, barring death, disability, or retirement.
8-K
CFO appointment announced
PartnerRe appointed Mario Bonaccorso, ex-EXOR Managing Director, as CFO effective upon immigration approval, replacing William Babcock who steps down but stays as EVP through September 30, 2016, for transition support with a $10.6M payout. Charles Goldie and Marvin Pestcoe joined the executive team. Leadership refresh brings fresh financial expertise.
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