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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 : 6/10

vs
industry
vs
history
Cash to Debt 1.26
PRE's Cash to Debt is ranked lower than
63% of the 70 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.82 vs. PRE: 1.26 )
Ranked among companies with meaningful Cash to Debt only.
PRE' s Cash to Debt Range Over the Past 10 Years
Min: 0.53  Med: 1.91 Max: N/A
Current: 1.26
Equity to Asset 0.31
PRE's Equity to Asset is ranked lower than
57% of the 70 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.33 vs. PRE: 0.31 )
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: 0.31
0.22
0.93
Interest Coverage 17.88
PRE's Interest Coverage is ranked lower than
59% of the 79 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 33.02 vs. PRE: 17.88 )
Ranked among companies with meaningful Interest Coverage only.
PRE' s Interest Coverage Range Over the Past 10 Years
Min: 1.21  Med: 16.34 Max: 63.02
Current: 17.88
1.21
63.02
F-Score: 4
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 (%) 15.07
PRE's Operating margin (%) is ranked higher than
62% of the 69 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.86 vs. PRE: 15.07 )
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: 15.07
-8.31
32.91
Net-margin (%) 13.71
PRE's Net-margin (%) is ranked higher than
60% of the 70 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.01 vs. PRE: 13.71 )
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: 13.71
-9.72
28.36
ROE (%) 10.65
PRE's ROE (%) is ranked higher than
54% of the 70 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.98 vs. PRE: 10.65 )
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: 10.65
-8.3
25.37
ROA (%) 3.59
PRE's ROA (%) is ranked higher than
62% of the 71 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 3.00 vs. PRE: 3.59 )
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: 3.59
-2.25
7.68
Revenue Growth (3Y)(%) 8.30
PRE's Revenue Growth (3Y)(%) is ranked higher than
70% of the 56 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.00 vs. PRE: 8.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
PRE' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 9.4 Max: 76.5
Current: 8.3
-2.2
76.5
EBITDA Growth (3Y)(%) -38.20
PRE's EBITDA Growth (3Y)(%) is ranked lower than
91% of the 46 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.90 vs. PRE: -38.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
PRE' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -1.1 Max: 51.6
Current: -38.2
0
51.6
EPS Growth (3Y)(%) -61.30
PRE's EPS Growth (3Y)(%) is ranked lower than
98% of the 44 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.00 vs. PRE: -61.30 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
PRE' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -61.3  Med: 0.4 Max: 50
Current: -61.3
-61.3
50
» PRE's 10-Y Financials

Financials (Next Earnings Date: Est. 2017-02-09)


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

» Details

Guru Trades

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%)
Keeley Asset Management Corp 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
Keeley Asset Management Corp 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

Jim Simons 1,330,600 sh (+86.44%)
Mario Gabelli 145,837 sh (+31.80%)
Keeley Asset Management Corp 8,808 sh (-4.29%)
Paul Tudor Jones 3,583 sh (-42.75%)
David Dreman 791 sh (-47.55%)
» More
Q1 2016

PRE Guru Trades in Q1 2016

Paul Tudor Jones Sold Out
Jim Simons Sold Out
David Dreman Sold Out
Keeley Asset Management Corp Sold Out
Mario Gabelli Sold Out
» 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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Preferred stocks of PartnerRe Ltd

SymbolPriceYieldDescription
PREPRF24.076.10
PREPRDCL25.266.436.50% Series D Cumulative Redeemable Preferred Shares
PREPRECL25.297.17
PREPRI23.924.61
PREPRG25.834.72G
PREPRH26.375.16H

Business Description

Industry: Insurance - Specialty » Insurance - Reinsurance
Compare:OTCPK:SCRYY, NYSE:RGA, NYSE:RNR, NYSE:RE, NYSE:VR, NAS:ACGL, NYSE:AHL, NAS:MHLD, NYSE:TPRE, OTCPK:HVRRY, NAS:WMIH, NYSE:BCRH, NAS:OXBR, OTCPK:MURGY, OTCPK:SSREY » details
Traded in other countries:PAA.Germany,
PartnerRe Ltd through its wholly owned subsidiaries, provides reinsurance and certain specialty insurance lines. It also offers alternative risk products that include weather and credit protection to financial, industrial and service companies.

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/space, catastrophe, credit/surety, 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 provides reinsurance and certain specialty insurance lines for its clients in approximately 150 countries around the world. The Company's principal offices are located in Hamilton (Bermuda), Dublin, Greenwich (Connecticut, U.S.), Paris, Singapore and Zurich. Through its subsidiaries and branches, the Company provides reinsurance or insurance of non-life and life risks to ceding companies (primary insurers, cedants or reinsureds). The Company monitors the performance of its operations in the following segments; Non-life, Life * Health and Corporate & Other. The Non-life segment is 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, credit/surety, motor, multiline, property 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 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 including agriculture, aviation/space, credit/surety, energy, engineering, marine, multiline, specialty casualty, specialty property and other lines. The Catastrophe sub-segment is comprised of the Company's catastrophe line of business. The Company's competitors include independent reinsurance companies, subsidiaries or affiliates of established insurance companies, reinsurance departments of certain primary insurance companies and, specifically in the catastrophe line of business, alternative capital sources and insurance-linked securities. The Company's Life and Health segment includes the mortality, longevity and health lines of business written in the United Kingdom (U.K.), Ireland and France and accident and health business written in the U.S. In the Life business the competitors includes other specialty accident and health insurance and reinsurance providers in the U.S. and departments of insurance and reinsurance companies.

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...

Ratios

vs
industry
vs
history
Forward P/E 14.84
PRE's Forward P/E is ranked lower than
97% of the 34 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9.91 vs. PRE: 14.84 )
Ranked among companies with meaningful Forward P/E only.
N/A
Price/Owner Earnings (ttm) 175.43
PRE's Price/Owner Earnings (ttm) is ranked lower than
100% of the 34 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 8.88 vs. PRE: 175.43 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
PRE' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 6.76  Med: 9.91 Max: 175.43
Current: 175.43
6.76
175.43
P/B 0.94
PRE's P/B is ranked higher than
56% of the 77 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 1.02 vs. PRE: 0.94 )
Ranked among companies with meaningful P/B only.
PRE' s P/B Range Over the Past 10 Years
Min: 0.53  Med: 0.82 Max: 1.25
Current: 0.94
0.53
1.25
P/S 1.16
PRE's P/S is ranked higher than
57% of the 79 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 1.32 vs. PRE: 1.16 )
Ranked among companies with meaningful P/S only.
PRE' s P/S Range Over the Past 10 Years
Min: 0.69  Med: 0.95 Max: 1.2
Current: 1.16
0.69
1.2
POCF 21.56
PRE's POCF is ranked lower than
82% of the 57 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 8.36 vs. PRE: 21.56 )
Ranked among companies with meaningful POCF only.
PRE' s POCF Range Over the Past 10 Years
Min: 2.76  Med: 5.06 Max: 227.92
Current: 21.56
2.76
227.92
EV-to-EBIT 6.79
PRE's EV-to-EBIT is ranked higher than
61% of the 66 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 7.17 vs. PRE: 6.79 )
Ranked among companies with meaningful EV-to-EBIT only.
PRE' s EV-to-EBIT Range Over the Past 10 Years
Min: -624.9  Med: 4.5 Max: 86.3
Current: 6.79
-624.9
86.3
EV-to-EBITDA 6.60
PRE's EV-to-EBITDA is ranked higher than
54% of the 67 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 6.81 vs. PRE: 6.60 )
Ranked among companies with meaningful EV-to-EBITDA only.
PRE' s EV-to-EBITDA Range Over the Past 10 Years
Min: -624.9  Med: 4.4 Max: 38.2
Current: 6.6
-624.9
38.2
Shiller P/E 13.28
PRE's Shiller P/E is ranked higher than
70% of the 20 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 14.40 vs. PRE: 13.28 )
Ranked among companies with meaningful Shiller P/E only.
PRE' s Shiller P/E Range Over the Past 10 Years
Min: 6.58  Med: 11.11 Max: 17.03
Current: 13.28
6.58
17.03

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.99
PRE's Dividend Yield is ranked lower than
84% of the 109 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.17 vs. PRE: 1.99 )
Ranked among companies with meaningful Dividend Yield only.
PRE' s Dividend Yield Range Over the Past 10 Years
Min: 1.49  Med: 2.51 Max: 4.42
Current: 1.99
1.49
4.42
Dividend Payout 2.88
PRE's Dividend Payout is ranked lower than
100% of the 54 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 9999.00 vs. PRE: 2.88 )
Ranked among companies with meaningful Dividend Payout only.
PRE' s Dividend Payout Range Over the Past 10 Years
Min: 0.05  Med: 0.18 Max: 2.88
Current: 2.88
0.05
2.88
Dividend Growth (3y) 4.10
PRE's Dividend Growth (3y) is ranked lower than
74% of the 31 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 10.10 vs. PRE: 4.10 )
Ranked among companies with meaningful Dividend Growth (3y) only.
PRE' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 4.1  Med: 7.7 Max: 18.6
Current: 4.1
4.1
18.6
Forward Dividend Yield 1.99
PRE's Forward Dividend Yield is ranked lower than
82% of the 103 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 4.58 vs. PRE: 1.99 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.64
PRE's Yield on cost (5-Year) is ranked lower than
98% of the 107 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 5.74 vs. PRE: 2.64 )
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: 1.98  Med: 3.33 Max: 5.86
Current: 2.64
1.98
5.86
3-Year Average Share Buyback Ratio 6.60
PRE's 3-Year Average Share Buyback Ratio is ranked higher than
87% of the 38 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.10 vs. PRE: 6.60 )
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: -13.1  Med: -1 Max: 10.6
Current: 6.6
-13.1
10.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.02
PRE's Price/Tangible Book is ranked higher than
58% of the 69 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 1.19 vs. PRE: 1.02 )
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: 1.02
0.58
2.07
Price/Projected FCF 0.51
PRE's Price/Projected FCF is ranked lower than
99.99% of the 29 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 0.85 vs. PRE: 0.51 )
Ranked among companies with meaningful Price/Projected FCF only.
PRE' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.51  Med: 1.24 Max: 8.05
Current: 0.51
0.51
8.05
Price/Median PS Value 1.23
PRE's Price/Median PS Value is ranked lower than
99.99% of the 63 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 1.02 vs. PRE: 1.23 )
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: 1.05 Max: 7.17
Current: 1.23
0.74
7.17
Earnings Yield (Greenblatt) (%) 14.70
PRE's Earnings Yield (Greenblatt) (%) is ranked higher than
64% of the 83 Companies
in the Global Insurance - Reinsurance industry.

( Industry Median: 11.10 vs. PRE: 14.70 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PRE' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.2  Med: 21.05 Max: 42.5
Current: 14.7
1.2
42.5

More Statistics

Revenue (TTM) (Mil) $5,817
EPS (TTM) $ -1.78
Short Percentage of Float0.47%
52-Week Range $111.52 - 141.25
Shares Outstanding (Mil)47.95

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 6,023 6,190
EPS ($) 9.39 9.47
EPS w/o NRI ($) 9.39 9.47
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 2.86 2.92
» 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. Declares Dividends on Preferred Shares Nov 03 2016
Elkann’s PartnerRe to Acquire Aurigen Capital in Canada Push Oct 20 2016
Axis CEO Says Big Deals Still Possible After PartnerRe Miss Sep 12 2016
PartnerRe Appoints James Beedle as Head of Asia-Pacific Sep 09 2016
PartnerRe Ltd. Reports Second Quarter and Half Year 2016 Results Jul 29 2016
PartnerRe Ltd. Positions Itself to Deliver Increased Value to Clients Jun 30 2016
PartnerRe Ltd. Positions Itself to Deliver Increased Value to Clients Jun 30 2016
PartnerRe Declares Dividends on Preferred Shares May 05 2016
PartnerRe Ltd. Reports First Quarter 2016 Results May 02 2016
PartnerRe Ltd. Reports First Quarter 2016 Results May 02 2016
PartnerRe Announces Executive Management Changes May 02 2016
PartnerRe Ltd. Announces Final Results of Exchange Offers for its Outstanding Preferred Shares May 02 2016
PartnerRe Ltd. Announces Final Results of Exchange Offers for its Outstanding Preferred Shares May 02 2016
PartnerRe Announces Executive Management Changes Apr 05 2016
EXOR S.p.A. - Information Document concerning the acquisition of PartnerRe Ltd. April 01, 2016 Apr 01 2016
PartnerRe Ltd. Announces Exchange Offers for its Outstanding Preferred Shares Apr 01 2016
PartnerRe Ltd. Announces Exchange Offers for its Outstanding Preferred Shares Apr 01 2016
PartnerRe Announces New Chairman of the Board and Names CEO Mar 24 2016
The Carlyle Group Engages Former PartnerRe Interim CEO David Zwiener as an Operating Executive to... Mar 24 2016
Despite Fundamentals, Oil Surges Above $40 Mar 18 2016

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