PartnerRe Ltd. Reports Q2 Operating EPS Of $2.60 - Quick Facts

(RTTNews) - PartnerRe Ltd. (NYSE:PRE) reported second-quarter net income of $257.7 million, or $5.02 per share. The company noted that this includes net after-tax realized and unrealized gains on investments of $123.7 million, or $2.41 per share. The net loss for the second quarter of 2013 was $190.4 million, or $3.37 per share, including net after-tax realized and unrealized losses on investments of $230.0 million, or $4.07 per share.

Operating earnings were $133.5 million, or $2.60 per share, for the second quarter of 2014.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $2.62 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $1.66 billion from $1.04 billion, prior year. Analysts expected revenue of $1.40 billlion for the quarter.

The Board of PartnerRe declared a quarterly dividend of $0.67 per common share. The dividend will be payable on August 29, 2014 to common shareholders of record on August 18, 2014.