"Fully converted book value per common share was $27.03, a decrease of 1.3% from March 31, 2013 and an increase of 4.3% from December 31, 2012, after taking into account common share dividends declared during the period.
Operating income for the quarter was $0.93 per share ($50 million), representing a quarterly return on common equity of 3.4%. The net loss to the Company’s common shareholders was $0.52 per common share ($27 million). The net impact of realized and unrealized losses from investments and foreign exchange, which is included in the net loss, was $77 million for the quarter."
MRH has also bought back 8% of their own shares this year at below book value.