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Third Point Reinsurance: 4Q Earnings Snapshot

02/23/2021 | 05:59pm

PEMBROKE, Bermuda (AP) _ Third Point Reinsurance Ltd. (TPRE) on Tuesday reported fourth-quarter profit of $134.4 million.

The Pembroke, Bermuda-based company said it had profit of $1.43 per share.

The property and casualty reinsurance company posted revenue of $386.8 million in the period.

For the year, the company reported profit of $143.5 million, or $1.53 per share. Revenue was reported as $889.8 million.

Third Point Reinsurance shares have increased roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.97, a drop of almost 8% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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