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Third Point Re Announces Fourth Quarter 2020 Earnings Results
Net income of $134.4 million, or $1.43 per diluted common share, for the fourth quarter of 2020
Return on beginning shareholders equity of 9.4% for the fourth quarter of 2020
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HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ Third Point Reinsurance Ltd. ( Third Point Re or the Company ) (NYSE:TPRE) today announced results for its fourth quarter ended December 31, 2020.
Earnings Summary
Third Point Re reported net income available to common shareholders of $134.4 million, or $1.43 per diluted common share, for the three months ended December 31, 2020, compared to net income available to common shareholders of $29.7 million, or $0.32 per diluted common share, for the three months ended December 31, 2019. For the year ended December 31, 2020, Third Point Re reported net income available to common shareholders of $143.5 million, or $1.53 per diluted common share