Reinsurance services provider PartnerRe Ltd. (PRE) Monday reported first-quarter net income available to common shareholders of $210.5 million or $3.53 per share, compared to $344.7 million or $5.24 per share last year.
Results for the latest first quarter includes net after-tax realized and unrealized gains on investments of $12.3 million, or $0.20 per share, while results in the prior year quarter included net after-tax realized and unrealized gains on investments of $159.2 million, or $2.42 per share.
Operating earnings available to common shareholders were $202.1 million or $3.39 per share, compared with $181.7 million or $2.76 per share a year ago.
On average, 18 analysts polled by Thomson Reuters expected the company to report a loss of $2.36 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter were $1.30 billion, compared with $1.33 billion in the comparable quarter last year.
Net premiums written for the quarter were $1.64 billion, up from $1.47 billion in the prior year. Analysts on consensus estimated premiums of $1.54 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.