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Article: PartnerRe Ltd. Reports Third Quarter and Nine Month 2009 Results.

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Investment Weekly News
Article date:
November 14, 2009
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PartnerRe Ltd. (NYSE:PRE) reported net income of $566.7 million, or $9.44 per share on a fully diluted basis for the third quarter of 2009. This net income includes after-tax net realized and unrealized gains on investments of $274.4 million, or $4.64 per share. Net loss for the third quarter of 2008 was $(151.7) million, or $(3.01) per share, including after-tax net realized and unrealized losses on investments of $(281.1) million, or $(5.27) per share. Operating earnings for the third quarter of 2009 were $282.1 million, or $4.77 per share on a fully diluted basis. This compares to operating earnings of $121.3 million, or $2.27 per share, for the third quarter of 2008.

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