PartnerRe Ltd. (PRE-PJ) Financials

NYSE:PRE-PJ

Market Cap

1.84B

Total Revenue

275.76M

Gross Profit

131.55M

Operating Income

207.42M

Net Income

-190.45M

Metric	2019	2020	2021	2022
revenue	9,233,089	65,179,515	275,852,753	275,761,298
costOfRevenue	6,517,795	38,834,696	169,721,542	144,206,412
grossProfit	2,715,294	26,344,819	106,131,211	131,554,886
researchAndDevelopmentExpenses	2,989,758	2,782,123	10,563,952	15,519,228
sellingAndMarketingExpenses	4,769,971	6,492,635	21,932,322	13,301,436
generalAndAdministrativeExpenses	13,185,125	16,616,462	83,991,413	96,063,312
sellingGeneralAndAdministrativeExpenses	17,955,096	23,109,097	105,923,735	109,364,748
operatingExpenses	20,944,854	25,377,360	116,479,755	124,883,976
operatingIncome	-18,229,560	967,459	-10,348,544	207,417,833
totalOtherIncomeExpensesNet	-2,643,115	-4,868,902	-159,935,554	-390,724,116
ebitda	-18,516,163	-564,776	-162,442,998	43,216,608
depreciationAndAmortization	-286,603	-1,532,235	-152,094,454	-164,201,225
interestIncome	15,506	8,043	3,980	472,189
interestExpense	69,390	59,567	228,183	-4,198,184
incomeBeforeTax	-20,872,675	-3,901,443	-170,284,098	-183,306,283
incomeTaxExpense	-677,474	-1,937,558	3,732,744	7,147,104
netIncome	-20,195,201	-1,963,885	-174,016,842	-190,453,387
eps	-0.18	-0.018	-1.57	-1.72
epsdiluted	-0.18	-0.018	-1.57	-1.72
weightedAverageShsOut	110,979,347	110,979,347	110,979,347	110,979,347
weightedAverageShsOutDil	110,979,347	110,979,347	110,979,347	110,979,347
costAndExpenses	27,462,649	64,212,056	286,201,297	269,090,388
otherExpenses	40,145	-513,860	-7,932	-149,233,311

Key Facts

Industry

Insurance—Reinsurance

Sector

Financial Services

Headquarters

Pembroke, , BM

Website

partnerre.com

CEO

Mr. Jacques Q. Bonneau

Employees

1158

About the Company

PartnerRe Ltd., through its subsidiaries, engages in providing reinsurance services in Europe, North America, Asia, Australia, New Zealand, Latin America, the Caribbean, and Africa. The company operates through three segments: Property & Casualty, Specialty, and Life and Health. It reinsures various risks, including agriculture, aviation/space, casualty, catastrophe, energy, engineering, financial risks, marine, motor, multiline, and property, as well as mortality, morbidity, longevity, accident, and health products. The company also reinsures alternative risk products consisting of weather and credit protection insurance to financial, industrial, and service companies. It offers its products and services through brokers and direct relationships with insurance companies. The company was incorporated in 1993 and is based in Pembroke, Bermuda. As of July 12, 2022, PartnerRe Ltd. operates as a subsidiary of Société de Groupe d'Assurance Mutuelle Covéa.