Montpelier Re Reports Strong Third Quarter Financial Results

Montpelier Re Holdings Ltd. MRH, a leading provider of short-tail reinsurance and other specialty lines, today reported financial results for the third quarter ended September 30, 2010. Fully converted book value per share was $23.76, an increase of 6.9% for the quarter and 13.7% for the year to date, including dividends. Operating income was $0.86 per share ($61 million) and comprehensive income was $1.28 per share ($91 million). The net impact of realized and unrealized gains from investments and foreign exchange, which is included in comprehensive income, was $30 million.