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Third Point Reinsurance posts 4Q loss

PEMBROKE, Bermuda (AP) _ Third Point Reinsurance Ltd. (TPRE) on Thursday reported a fourth-quarter loss of $46.7 million, after reporting a profit in the same period a year earlier.

The Pembroke, Bermuda-based company said it had a loss of 45 cents per share.

The property and casualty reinsurance company posted revenue of $156.3 million in the period.

For the year, the company reported net income of $27.6 million, or 26 cents per share, swinging to a profit in the period. Revenue was reported as $689 million.

Third Point Reinsurance shares have climbed 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.15, an increase of roughly 9 percent in the last 12 months.


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


Keywords: Third Point Reinsurance, Earnings Report