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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 1.92
PRE's Cash to Debt is ranked lower than
59% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.67 vs. PRE: 1.92 )
Ranked among companies with meaningful Cash to Debt only.
PRE' s Cash to Debt Range Over the Past 10 Years
Min: 0.53  Med: 1.96 Max: N/A
Current: 1.92
Equity to Asset 0.32
PRE's Equity to Asset is ranked lower than
55% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.32 vs. PRE: 0.32 )
Ranked among companies with meaningful Equity to Asset only.
PRE' s Equity to Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.27 Max: 0.93
Current: 0.32
0.22
0.93
Interest Coverage 3.68
PRE's Interest Coverage is ranked lower than
82% of the 49 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 39.99 vs. PRE: 3.68 )
Ranked among companies with meaningful Interest Coverage only.
PRE' s Interest Coverage Range Over the Past 10 Years
Min: 1.21  Med: 19.08 Max: 63.02
Current: 3.68
1.21
63.02
F-Score: 4
WACC vs ROIC
5.13%
1.58%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 3.32
PRE's Operating margin (%) is ranked lower than
68% of the 65 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.83 vs. PRE: 3.32 )
Ranked among companies with meaningful Operating margin (%) only.
PRE' s Operating margin (%) Range Over the Past 10 Years
Min: -8.31  Med: 18.24 Max: 32.91
Current: 3.32
-8.31
32.91
Net-margin (%) 1.92
PRE's Net-margin (%) is ranked lower than
77% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 8.73 vs. PRE: 1.92 )
Ranked among companies with meaningful Net-margin (%) only.
PRE' s Net-margin (%) Range Over the Past 10 Years
Min: -9.72  Med: 15.42 Max: 28.36
Current: 1.92
-9.72
28.36
ROE (%) 0.68
PRE's ROE (%) is ranked lower than
83% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.45 vs. PRE: 0.68 )
Ranked among companies with meaningful ROE (%) only.
PRE' s ROE (%) Range Over the Past 10 Years
Min: -8.3  Med: 12.77 Max: 25.37
Current: 0.68
-8.3
25.37
ROA (%) 0.47
PRE's ROA (%) is ranked lower than
76% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 2.28 vs. PRE: 0.47 )
Ranked among companies with meaningful ROA (%) only.
PRE' s ROA (%) Range Over the Past 10 Years
Min: -2.25  Med: 4.12 Max: 7.68
Current: 0.47
-2.25
7.68
Revenue Growth (3Y)(%) 16.90
PRE's Revenue Growth (3Y)(%) is ranked higher than
82% of the 49 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 8.50 vs. PRE: 16.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
PRE' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 11.80 Max: 76.5
Current: 16.9
-2.2
76.5
» PRE's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

PRE Guru Trades in Q1 2015

Joel Greenblatt 2,256 sh (New)
Paul Tudor Jones 27,345 sh (+248.57%)
Jim Simons 444,200 sh (+79.69%)
David Dreman 1,918 sh (+7.81%)
Ray Dalio Sold Out
John Keeley 22,457 sh (-0.75%)
Chuck Royce 540,227 sh (-13.48%)
Richard Pzena 360,861 sh (-35.16%)
» More
Q2 2015

PRE Guru Trades in Q2 2015

Mario Gabelli 12,300 sh (New)
David Dreman 1,972 sh (+2.82%)
Richard Pzena Sold Out
Chuck Royce Sold Out
Joel Greenblatt 1,823 sh (-19.19%)
Jim Simons 296,100 sh (-33.34%)
Paul Tudor Jones 14,197 sh (-48.08%)
John Keeley 9,493 sh (-57.73%)
» More
Q3 2015

PRE Guru Trades in Q3 2015

Mario Gabelli 110,650 sh (+799.59%)
Jim Simons 713,700 sh (+141.03%)
Joel Greenblatt Sold Out
John Keeley 9,203 sh (-3.05%)
David Dreman 1,508 sh (-23.53%)
Paul Tudor Jones 6,259 sh (-55.91%)
» More
Q4 2015

PRE Guru Trades in Q4 2015

Mario Gabelli 145,837 sh (+31.80%)
» More
» Details

Insider Trades

Latest Guru Trades with PRE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

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Preferred stocks of PartnerRe Ltd

SymbolPriceYieldDescription
PREPRF25.435.78
PREPRD26.086.236.50% Series D Cumulative Redeemable Preferred Shares
PREPRE27.316.64

Guru Investment Theses on PartnerRe Ltd

Mario Gabelli Comments on PartnerRe Ltd - Jan 29, 2016

PartnerRe Ltd. (1.6%) (PRE – $139.74 – NYSE) (NYSE:PRE), is a Bermuda based global reinsurance company. On January 26, 2015, the company announced that it would merge with AXIS Capital Holdings Limited in a transaction worth $5.3 billion. In early April, investment company EXOR S.p.A., offered to acquire PartnerRe for $130 per share in cash. On August 3, 2015, PartnerRe eventually agreed to sell to EXOR S.p.A for $140.50 cash per share, or $6.9 billion. The company has received the required shareholder vote, and upon receipt of regulatory approvals, the company expects the transaction to close in the first quarter of 2016.


From Mario Gabelli (Trades, Portfolio)'s ABC Fund Merger and Arbitrage shareholder letter for the fourth quarter 2015.

Check out Mario Gabelli latest stock trades

Mario Gabelli Comments on PartnerRe Ltd. - Oct 19, 2015

PartnerRe Ltd. (NYSE:PRE)(1.5%) (PRE – $138.88 – NYSE), is a global reinsurer based in Bermuda that provides multi line reinsurance to insurance companies. On January 26, 2015, the company announced that it would merge with AXIS Capital Holdings Limited in a transaction worth $5.3 billion. Under the terms of the transaction, PartnerRe shareholders would receive 2.18 shares of AXIS for each PartnerRe share they owned. On August 3, 2015, however, AXIS Capital’s rival, EXOR S.p.A, announced that they would be acquiring PartnerRe for $140.50 cash per share, or $6.9 billion. PartnerRe agreed to sell itself to EXOR, and closed its go-shop period on September 14, 2015. Upon receipt of shareholder and regulatory approvals, the company expects the transaction to close in the first quarter of 2016.



From Mario Gabelli (Trades, Portfolio)'s third quarter 2015 ABC Fund commentary.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about PartnerRe Ltd

Mario Gabelli Comments on PartnerRe Ltd Guru stock highlight
PartnerRe Ltd. (1.6%) (PRE – $139.74 – NYSE) (NYSE:PRE), is a Bermuda based global reinsurance company. On January 26, 2015, the company announced that it would merge with AXIS Capital Holdings Limited in a transaction worth $5.3 billion. In early April, investment company EXOR S.p.A., offered to acquire PartnerRe for $130 per share in cash. On August 3, 2015, PartnerRe eventually agreed to sell to EXOR S.p.A for $140.50 cash per share, or $6.9 billion. The company has received the required shareholder vote, and upon receipt of regulatory approvals, the company expects the transaction to close in the first quarter of 2016.
Read more...
Mario Gabelli Comments on PartnerRe Ltd. Guru stock highlight
PartnerRe Ltd. (NYSE:PRE)(1.5%) (PRE – $138.88 – NYSE), is a global reinsurer based in Bermuda that provides multi line reinsurance to insurance companies. On January 26, 2015, the company announced that it would merge with AXIS Capital Holdings Limited in a transaction worth $5.3 billion. Under the terms of the transaction, PartnerRe shareholders would receive 2.18 shares of AXIS for each PartnerRe share they owned. On August 3, 2015, however, AXIS Capital’s rival, EXOR S.p.A, announced that they would be acquiring PartnerRe for $140.50 cash per share, or $6.9 billion. PartnerRe agreed to sell itself to EXOR, and closed its go-shop period on September 14, 2015. Upon receipt of shareholder and regulatory approvals, the company expects the transaction to close in the first quarter of 2016. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 50.67
PRE's P/E(ttm) is ranked lower than
98% of the 95 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.67 vs. PRE: 50.67 )
Ranked among companies with meaningful P/E(ttm) only.
PRE' s P/E(ttm) Range Over the Past 10 Years
Min: 3.07  Med: 7.23 Max: 661.45
Current: 50.67
3.07
661.45
Forward P/E 14.81
PRE's Forward P/E is ranked lower than
89% of the 83 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.78 vs. PRE: 14.81 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 50.87
PRE's PE(NRI) is ranked lower than
98% of the 65 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.00 vs. PRE: 50.87 )
Ranked among companies with meaningful PE(NRI) only.
PRE' s PE(NRI) Range Over the Past 10 Years
Min: 3.07  Med: 7.23 Max: 661.45
Current: 50.87
3.07
661.45
P/B 0.99
PRE's P/B is ranked higher than
52% of the 94 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.98 vs. PRE: 0.99 )
Ranked among companies with meaningful P/B only.
PRE' s P/B Range Over the Past 10 Years
Min: 0.53  Med: 0.83 Max: 1.25
Current: 0.99
0.53
1.25
P/S 1.19
PRE's P/S is ranked lower than
60% of the 95 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.98 vs. PRE: 1.19 )
Ranked among companies with meaningful P/S only.
PRE' s P/S Range Over the Past 10 Years
Min: 0.69  Med: 0.93 Max: 1.2
Current: 1.19
0.69
1.2
POCF 18.82
PRE's POCF is ranked lower than
72% of the 86 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.40 vs. PRE: 18.82 )
Ranked among companies with meaningful POCF only.
PRE' s POCF Range Over the Past 10 Years
Min: 2.48  Med: 4.86 Max: 222.56
Current: 18.82
2.48
222.56
EV-to-EBIT 15.76
PRE's EV-to-EBIT is ranked lower than
88% of the 90 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 7.70 vs. PRE: 15.76 )
Ranked among companies with meaningful EV-to-EBIT only.
PRE' s EV-to-EBIT Range Over the Past 10 Years
Min: -624.9  Med: 4.60 Max: 86.3
Current: 15.76
-624.9
86.3
EV-to-EBITDA 14.77
PRE's EV-to-EBITDA is ranked lower than
89% of the 90 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 7.08 vs. PRE: 14.77 )
Ranked among companies with meaningful EV-to-EBITDA only.
PRE' s EV-to-EBITDA Range Over the Past 10 Years
Min: -624.9  Med: 4.45 Max: 38.2
Current: 14.77
-624.9
38.2
Shiller P/E 13.83
PRE's Shiller P/E is ranked lower than
59% of the 29 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 13.03 vs. PRE: 13.83 )
Ranked among companies with meaningful Shiller P/E only.
PRE' s Shiller P/E Range Over the Past 10 Years
Min: 6.57  Med: 11.25 Max: 18.39
Current: 13.83
6.57
18.39

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.99
PRE's Dividend Yield is ranked lower than
91% of the 94 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.27 vs. PRE: 1.99 )
Ranked among companies with meaningful Dividend Yield only.
PRE' s Dividend Yield Range Over the Past 10 Years
Min: 1.97  Med: 2.49 Max: 4.42
Current: 1.99
1.97
4.42
Dividend Payout 0.90
PRE's Dividend Payout is ranked lower than
88% of the 57 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.38 vs. PRE: 0.90 )
Ranked among companies with meaningful Dividend Payout only.
PRE' s Dividend Payout Range Over the Past 10 Years
Min: 0.05  Med: 0.16 Max: 1.19
Current: 0.9
0.05
1.19
Dividend Growth (3y) 4.50
PRE's Dividend Growth (3y) is ranked lower than
69% of the 32 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 6.30 vs. PRE: 4.50 )
Ranked among companies with meaningful Dividend Growth (3y) only.
PRE' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 4.5  Med: 7.90 Max: 18.6
Current: 4.5
4.5
18.6
Forward Dividend Yield 1.99
PRE's Forward Dividend Yield is ranked lower than
81% of the 94 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.38 vs. PRE: 1.99 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.86
PRE's Yield on cost (5-Year) is ranked lower than
94% of the 93 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 5.74 vs. PRE: 2.86 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PRE' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.82  Med: 3.56 Max: 6.32
Current: 2.86
2.82
6.32
3-Year Average Share Buyback Ratio 8.80
PRE's 3-Year Average Share Buyback Ratio is ranked higher than
95% of the 37 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.40 vs. PRE: 8.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PRE' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -10.8  Med: -1.15 Max: 10.3
Current: 8.8
-10.8
10.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.09
PRE's Price/Tangible Book is ranked higher than
60% of the 89 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 1.19 vs. PRE: 1.09 )
Ranked among companies with meaningful Price/Tangible Book only.
PRE' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.58  Med: 1.16 Max: 2.07
Current: 1.09
0.58
2.07
Price/Projected FCF 1.24
PRE's Price/Projected FCF is ranked lower than
79% of the 48 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.84 vs. PRE: 1.24 )
Ranked among companies with meaningful Price/Projected FCF only.
PRE' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.52  Med: 1.49 Max: 8.05
Current: 1.24
0.52
8.05
Price/Median PS Value 1.27
PRE's Price/Median PS Value is ranked lower than
80% of the 86 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.98 vs. PRE: 1.27 )
Ranked among companies with meaningful Price/Median PS Value only.
PRE' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.74  Med: 1.08 Max: 7.29
Current: 1.27
0.74
7.29
Price/Graham Number 1.58
PRE's Price/Graham Number is ranked lower than
85% of the 75 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.69 vs. PRE: 1.58 )
Ranked among companies with meaningful Price/Graham Number only.
PRE' s Price/Graham Number Range Over the Past 10 Years
Min: 0.36  Med: 0.62 Max: 5.49
Current: 1.58
0.36
5.49
Earnings Yield (Greenblatt) (%) 6.30
PRE's Earnings Yield (Greenblatt) (%) is ranked lower than
65% of the 63 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.80 vs. PRE: 6.30 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PRE' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.2  Med: 20.70 Max: 42.5
Current: 6.3
1.2
42.5

More Statistics

Revenue(Mil) $5714
EPS $ 2.77
Beta0.45
Short Percentage of Float0.36%
52-Week Range $110.06 - 141.25
Shares Outstanding(Mil)47.91

Analyst Estimate

Dec16 Dec17
Revenue(Mil) 6,023 6,190
EPS($) 9.39 9.47
EPS without NRI($) 9.39 9.47

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Insurance - Specialty » Insurance - Reinsurance
Compare:HVRRY, Y, RE, SZCRF, RGA » details
Traded in other countries:PAA.Germany,
PartnerRe Ltd incorporated in Bermuda in August 1993, is an international reinsurance and insurance group. The Company provides reinsurance and certain specialty insurance lines through its wholly-owned subsidiaries. Risks reinsured include, but are not limited to, property, casualty, motor, agriculture, aviation, catastrophe, credit, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health and alternative risk products. The Company also offers alternative risk products that include weather and credit protection to financial, industrial and service companies. The Company monitors the performance of its operations in the following segments; Non-life, Life and Health. The Non-life segment is further divided into four sub-segments; North America, Global (Non-U.S.) Property and Casualty (Global (Non-U.S.) P&C), Global Specialty and Catastrophe. The North America sub-segment includes agriculture, casualty, motor, multiline, property, surety and other risks generally originating in the U.S. The Global (Non-U.S.) P&C sub-segment includes casualty, motor and property business generally originating outside of the U.S. The Global (Non-U.S.) Specialty sub-segment is comprised of business that is generally considered to be specialized due to the sophisticated technical underwriting required to analyze risks. This sub-segment consists of several lines of business for which the Company believes it has developed specialized knowledge and underwriting capabilities. These lines of business include agriculture, aviation, credit, energy, engineering, marine, specialty casualty, specialty property and other lines. The Catastrophe sub-segment is comprised of the Company's catastrophe line of business. The Company's Life and Health segment includes mortality, longevity and accident and health lines of business. The Company provides reinsurance and certain specialty insurance lines for its clients in approximately 150 countries around the world. Through its branches and subsidiaries, it provides reinsurance or insurance of non-life and life risks of ceding companies on either a proportional or non-proportional basis through treaties or facultative reinsurance. The Company competes with other reinsurers, some of which have greater financial, marketing and management resources than the Company, and it also competes with new market entrants. The Company's reinsurance operations are subject to laws and regulations that are administered and enforced by a number of different governmental and non-governmental self-regulatory authorities and association in each of their respective jurisdictions.
» More Articles for PRE

Headlines

Articles On GuruFocus.com
Mario Gabelli Comments on PartnerRe Ltd Jan 29 2016 
Mario Gabelli Comments on PartnerRe Ltd. Oct 19 2015 
Partner Ltd: Intrinsic Value Exceeds Market Value Sep 10 2014 
It’s Time To Buy Insurance For Your Portfolio Jun 21 2014 
TransGlobe Energy: Peter Lynch-Style Fast Grower Apr 29 2014 
My 4 Favorite Dividend Income Growth Stocks Below Book Value Sep 26 2013 
17 Cheap Dividend Income Grower with Low P/S Sep 11 2013 
3 Cheapest International Dividend Achievers Aug 13 2013 
Richard Pzena Buys Oracle, Google, Baker Highes, PartnerRe, DeVry Aug 10 2012 
14 Dividend Contenders under Book Value Dec 09 2011 

More From Other Websites
PartnerRe Ltd. Earnings Analysis: 2015 By the Numbers Feb 11 2016
PartnerRe Declares Dividends on Series D Cumulative Redeemable Preferred Shares, Series E Cumulative... Feb 11 2016
Edited Transcript of PRE earnings conference call or presentation 9-Feb-16 3:00pm GMT Feb 09 2016
PartnerRe Q4 Earnings Beat on Lower Expenses, Down Y/Y Feb 09 2016
PartnerRe beats 4Q profit forecasts Feb 08 2016
PartnerRe beats 4Q profit forecasts Feb 08 2016
[$$] PartnerRe Operating Profit Falls on Lower Premiums Feb 08 2016
PARTNERRE LTD Files SEC form 8-K, Results of Operations and Financial Condition, Other Events,... Feb 08 2016
PartnerRe Ltd. Reports Fourth Quarter and Full Year 2015 Results Feb 08 2016
PartnerRe Ltd. Declares Quarterly Dividend of $0.70 Per Ordinary Share Feb 08 2016
Q4 2015 PartnerRe Ltd Earnings Release - After Market Close Feb 08 2016
PARTNERRE LTD Files SEC form 8-K, Other Events Feb 05 2016
Is a Surprise Coming for PartnerRe (PRE) This Earnings Season? Feb 04 2016
PartnerRe Ltd. Provides January 2016 Non-Life Renewal Data Feb 02 2016
Will Intercontinental Exchange (ICE) Beat on Q4 Earnings? Feb 02 2016
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Insure Your Portfolio with These 3 stocks Jan 29 2016
PartnerRe Appoints Chairatch Phrompechrut as Head of Strategic Ventures Jan 25 2016
PartnerRe Appoints Chairatch Phrompechrut as Head of Strategic Ventures Jan 25 2016
PartnerRe to Release 2015 Fourth Quarter and Full Year Results and Host Analyst Conference Call and... Jan 07 2016

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