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PartnerRe Ltd. Provides Estimate of Losses Impacting Q1 Results of $80-$110 Million
Tuesday, February 15, 2011 - 4:21pm | 62PartnerRe Ltd. (NYSE: PRE) today estimated that the total net impact of loss events in Australia that have occurred to date in the first quarter of 2011 will be between $80-$110 million. Loss estimates are pre-tax, net of retrocession and reinstatement premiums, and relate to all reinsurance...
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Arch Capital Group Posts 4Q Beat, Sterne Agee Maintains Neutral Rating
Tuesday, February 15, 2011 - 9:09am | 154Sterne Agee has published a research report on Arch Capital Group (NASDAQ: ACGL) after the company reported a 4Q EPS beat driven by lower tax rates. In the report, Sterne Agee writes "Operating EPS came in at $2.58. This compared to our estimate of $2.32 and the Street consensus at $2.34. The beat...
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Flagstone Re ReportsQ4 EPS of $0.20 vs. $0.12
Monday, February 14, 2011 - 4:39pm | 110Flagstone Reinsurance Holdings, S.A. (NYSE: FSR) today announced fourth quarter 2010 basic book value per share of $16.48 and diluted book value per share of $15.51, up 3.7% and 3.0%, respectively, for the quarter (percentages inclusive of dividends). Net income attributable to Flagstone's common...
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Arch Capital Group Ltd. Reports 2010 Fourth Quarter Results
Monday, February 14, 2011 - 4:16pm | 211Arch Capital Group Ltd. (NASDAQ: ACGL) reports that net income available to common shareholders for the 2010 fourth quarter was $227.7 million, or $4.54 per share, compared to $284.7 million, or $4.75 per share, for the 2009 fourth quarter. The Company also reported after-tax operating income...
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Earnings Scheduled For February 14 (MAS, MAR, DBD, A, MGM, SKH, CW, VAL, FTI, AEIS, ACGL, CNGL, ASF)
Monday, February 14, 2011 - 12:50am | 351Masco (NYSE: MAS) is projected to post a loss of $0.02 per share on revenue of $1.78 billion in the fourth quarter. Marriott International Inc (NYSE: MAR) is expected to report its Q4 EPS at $0.36 on revenue of $3.59 billion. Diebold Incorporated (NYSE: DBD) is expected to report its Q4 EPS at $0....
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KBW Raises PT on Montpelier Re Holdings (MRH)
Friday, February 11, 2011 - 10:49am | 97KBW is out with its report today on Montpelier Re Holdings (NYSE: MRH), raising its PT to $21. In its report sent to clients, KBW states, "Results beat on a lower loss ratio driven by higher reserve releases and better current AY results helped by lower cats, with NWP growth stronger but investment...
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KBW Raises PT on Validus Holdings to $30 (VR)
Friday, February 11, 2011 - 10:38am | 94KBW is out with its report on Validus Holdings (NYSE: VR), raising its price target from $29 to $30. In a note to clients, KBW writes, "Results beat on better underwriting, as a lower ex-cat current AY LR and higher reserve releases more than offset higher cats. NWP, investment income, and expenses...
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Montpelier Re Reports Q4 EPS of $0.81 vs. $0.75
Thursday, February 10, 2011 - 4:48pm | 101Montpelier Re Holdings Ltd. (NYSE: MRH) today reported financial results for the fourth quarter and full year ended December 31, 2010. Operating income for the quarter was $0.81 per share ($54 million) and comprehensive income was $0.62 per share ($42 million). The net impact of realized and...
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JP Morgan: Endurance Specialty Holdings Q4 Earnings Ahead Of Estimates (ENH)
Thursday, February 10, 2011 - 9:53am | 144JP Morgan is reporting that Endurance Specialty Holdings (NYSE: ENH) Q4 EPS results beat JP Morgan's estimates. “Endurance Specialty (ENH: OW) reported 4Q EPS of $1.97 compared with our estimate of $1.52 and consensus of $1.50. All items in the quarter were in-line to better than expected, with...
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J.P. Morgan Maintains Neutral on Everest Re Group (RE)
Thursday, February 10, 2011 - 9:47am | 152J.P. Morgan is out with its report today on Everest Re Group (NYSE: RE), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Everest Re reported 4Q EPS of $4.70 versus our estimates of $2.70 and consensus of $3.10. While reported results topped estimates, the upside was entirely due to...
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Keefe, Bruyette & Woods Maintains Transatlantic Holdings Market Perform (TRH)
Thursday, February 10, 2011 - 9:15am | 85Keefe, Bruyette & Woods maintained its Transatlantic Holdings (NYSE: TRH) Market Perform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Event--TRH reported a ROCK of [$2.22, $2.09, $1.74, $1.86], although EPS includes a $0.12 one-time tax gain....
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Keefe, Bruyette & Woods Downgrades Everest Reinsurance To Market Perform, Lowers PT To $86 (RE)
Thursday, February 10, 2011 - 9:03am | 87Keefe, Bruyette & Woods downgraded Everest Reinsurance (NYSE: RE) to Market Perform and lowered Everest Reinsurance's price target to $86 in a research report published today. In the report, Keefe, Bruyette & Woods states, "With the operating environment worsening and concerns growing...
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Keefe Bruyette Downgrades RE To Market Perform
Thursday, February 10, 2011 - 5:55am | 43Analysts at Keefe Bruyette downgrade Everest Re Group Ltd (NYSE: RE) from “outperform” to “market perform.” RE shares fell 0.99% to close at $85.72 yesterday. More Analyst Ratings here
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Validus Holdings, Ltd. Increases Dividend by 13.6% to $0.25
Wednesday, February 9, 2011 - 4:56pm | 74Validus Holdings, Ltd. (NYSE: VR) announced today that its Board of Directors has increased its quarterly dividend to $0.25 per common share and $0.25 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on March 31, 2011 to shareholders and warrant...
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Transatlantic Holdings, Inc. Reports Q4 EPS of $2.22 vs. $1.74
Wednesday, February 9, 2011 - 4:26pm | 70Transatlantic Holdings, Inc. (NYSE: TRH) today reported net income of $142 million, or $2.22 per common share (diluted), for the fourth quarter of 2010 compared to $137 million, or $2.04 per common share (diluted), for the fourth quarter of 2009. Net operating income for the fourth quarter of 2010...