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Third Point Reinsurance: 4Q Earnings Snapshot

PEMBROKE, Bermuda (AP) _ Third Point Reinsurance Ltd. (TPRE) on Thursday reported fourth-quarter net income of $29.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of 32 cents.

The property and casualty reinsurance company posted revenue of $260 million in the period.

For the year, the company reported net income of $200.6 million, or $2.16 per share, swinging to a profit in the period. Revenue was reported as $982.7 million.

Third Point Reinsurance shares have fallen nearly 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.49, a drop of 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPRE at https://www.zacks.com/ap/TPRE