Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Montpelier Re Holdings Turns To Profit In Q1

RELATED NEWS
Trade MRH now with 

Insurer Montpelier Re Holdings Ltd. (MRH: Quote) reported first-quarter net income available to shareholders of $107.1 million or $1.74 per share, compared to a net loss available to shareholders of $104.3 million or $1.67 per share last year.

Excluding items, operating income available to common shareholders was $75.7 million or $1.23 per share, compared to an operating loss of $118.5 million or $1.90 per share a year ago.

On average, 5 analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter declined to $160.5 million from $166.1 million last year.

Analysts expected revenues of $209.00 million for the quarter.

Net premiums written in the quarter were down 3 percent , but were up when adjusting for reinstatements and the sale of MUSIC.

Click here to receive FREE breaking news email alerts for Montpelier Re Holdings Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.