Third Point Reinsurance posts 2Q profit

PEMBROKE, Bermuda (AP) _ Third Point Reinsurance Ltd. (TPRE) on Wednesday reported second-quarter earnings of $74.6 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had profit of 71 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The property and casualty reinsurance company posted revenue of $280.9 million in the period.

Third Point Reinsurance shares have climbed 26 percent since the beginning of the year. The stock has increased 17 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

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