PartnerRe Slips To Loss In Q2 - Quick Facts

(RTTNews) - Reinsurance services provider PartnerRe Ltd. (PRE) Monday reported second-quarter net loss available to common shareholders of $190.4 million or $3.37 per share, compared to net income of $160.7 million or $2.50 per share last year.

Results for the latest second quarter includes net after-tax realized and unrealized losses on investments of $230.0 million, or $4.07 per share, while results in the prior year quarter included net after-tax realized and unrealized gains on investments of $18.3 million, or $0.29 per share.

Operating earnings available to common shareholders were $51.1 million or $0.90 per share, compared with $142.0 million or $2.20 per share a year ago.

On average, 19 analysts polled by Thomson Reuters expected the company to earn $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $1.04 billion, compared with $1.29 billion in the comparable quarter last year.

Net premiums written for the quarter were $1.31 billion, up from $1.14 billion in the prior year. Analysts on consensus estimated premiums of $1.23 billion.