PartnerRe Ltd. Reports Second Quarter and Half Year 2018 Results
- Second Quarter Net income available to common shareholder of
$125 million , resulting in an Annualized Net Income ROE of 8.4% - Non-life combined ratio of 93.8% during the quarter, driven by P&C combined ratio of 95.6% and Specialty combined ratio of 92.0%
- Total investment return of
$42 million (or 0.9% annualized) for the quarter, driven by net investment income and gains on public equities and real estate, partially offset by lower fair value of fixed income securities linked to increase in risk-free rates and credit spreads
PEMBROKE,
Underwriting profits, including both Non-life and Life and Health operations and corporate expenses, were
Commenting on the results, PartnerRe President and Chief Executive Officer
Notwithstanding a competitive reinsurance market, we achieved a positive
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PartnerRe Ltd.
Source: PartnerRe
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