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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 : 7/10

vs
industry
vs
history
Cash to Debt 5.86
PTP's Cash to Debt is ranked higher than
77% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.25 vs. PTP: 5.86 )
PTP' s 10-Year Cash to Debt Range
Min: 0.77   Max: No Debt
Current: 5.86

Equity to Asset 0.45
PTP's Equity to Asset is ranked higher than
94% of the 189 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.24 vs. PTP: 0.45 )
PTP' s 10-Year Equity to Asset Range
Min: 0.3   Max: 0.45
Current: 0.45

0.3
0.45
Interest Coverage 13.49
PTP's Interest Coverage is ranked higher than
66% of the 161 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 20.35 vs. PTP: 13.49 )
PTP' s 10-Year Interest Coverage Range
Min: 12.59   Max: 21.41
Current: 13.49

12.59
21.41
F-Score: 2
Z-Score: 1.45
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 : 4/10

vs
industry
vs
history
Operating margin (%) 39.64
PTP's Operating margin (%) is ranked higher than
96% of the 188 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.91 vs. PTP: 39.64 )
PTP' s 10-Year Operating margin (%) Range
Min: -28.49   Max: 46.84
Current: 39.64

-28.49
46.84
Net-margin (%) 34.31
PTP's Net-margin (%) is ranked higher than
97% of the 188 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 8.52 vs. PTP: 34.31 )
PTP' s 10-Year Net-margin (%) Range
Min: -28.09   Max: 43.52
Current: 34.31

-28.09
43.52
ROE (%) 12.78
PTP's ROE (%) is ranked higher than
85% of the 189 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.24 vs. PTP: 12.78 )
PTP' s 10-Year ROE (%) Range
Min: -13.25   Max: 18.45
Current: 12.78

-13.25
18.45
ROA (%) 5.69
PTP's ROA (%) is ranked higher than
92% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.60 vs. PTP: 5.69 )
PTP' s 10-Year ROA (%) Range
Min: -4.92   Max: 7.63
Current: 5.69

-4.92
7.63
Revenue Growth (%) -0.60
PTP's Revenue Growth (%) is ranked higher than
55% of the 166 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.10 vs. PTP: -0.60 )
PTP' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 1.6
Current: -0.6

0
1.6
EBITDA Growth (%) 13.60
PTP's EBITDA Growth (%) is ranked higher than
80% of the 154 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.80 vs. PTP: 13.60 )
PTP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 26.3
Current: 13.6

0
26.3
EPS Growth (%) 15.40
PTP's EPS Growth (%) is ranked higher than
81% of the 162 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.10 vs. PTP: 15.40 )
PTP' s 10-Year EPS Growth (%) Range
Min: -2.9   Max: 42.3
Current: 15.4

-2.9
42.3
» PTP's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

PTP Guru Trades in Q1 2013

Paul Tudor Jones 15,600 sh (New)
Joel Greenblatt 7,016 sh (New)
Donald Smith 2,994,503 sh (+6.05%)
Steven Cohen Sold Out
David Dreman 535,914 sh (-11.66%)
Chuck Royce 293,806 sh (-35.34%)
» More
Q2 2013

PTP Guru Trades in Q2 2013

Steven Cohen 7,583 sh (New)
Joel Greenblatt 8,015 sh (+14.24%)
Chuck Royce 310,506 sh (+5.68%)
Donald Smith 2,788,718 sh (-6.87%)
Paul Tudor Jones 11,500 sh (-26.28%)
David Dreman 287,435 sh (-46.37%)
» More
Q3 2013

PTP Guru Trades in Q3 2013

Jim Simons 126,800 sh (New)
Chuck Royce 368,106 sh (+18.55%)
Steven Cohen 8,528 sh (+12.46%)
Joel Greenblatt 8,211 sh (+2.45%)
Donald Smith 2,166,255 sh (-22.32%)
Paul Tudor Jones 5,600 sh (-51.3%)
David Dreman 89,007 sh (-69.03%)
» More
Q4 2013

PTP Guru Trades in Q4 2013

HOTCHKIS & WILEY 401,982 sh (New)
Paul Tudor Jones 11,212 sh (+100.21%)
Jim Simons 164,000 sh (+29.34%)
David Dreman 99,040 sh (+11.27%)
Joel Greenblatt 8,516 sh (+3.71%)
Steven Cohen 8,672 sh (+1.69%)
Donald Smith 2,095,202 sh (-3.28%)
Chuck Royce 285,506 sh (-22.44%)
» More
» Details

Insider Trades

Latest Guru Trades with PTP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Donald Smith 2013-09-30 Reduce -22.32%0.78%$57.19 - $60.59 $ 62.166%2166255
David Dreman 2013-09-30 Reduce -69.03%0.34%$57.19 - $60.59 $ 62.166%89007
David Dreman 2013-06-30 Reduce -46.37%0.37%$54.58 - $59.37 $ 62.169%287435
Donald Smith 2013-06-30 Reduce -6.87%0.25%$54.58 - $59.37 $ 62.169%2788718
Donald Smith 2013-03-31 Add 6.05%0.21%$46 - $55.85 $ 62.1621%2994503
Joel Greenblatt 2013-03-31 New Buy0.02%$46 - $55.85 $ 62.1621%7016
Donald Smith 2012-12-31 Add 21.2%0.63%$41.88 - $46.64 $ 62.1641%2823647
Donald Smith 2012-06-30 Add 10.59%0.25%$35.3 - $37.83 $ 62.1670%2328397
David Dreman 2012-03-31 Reduce -30.57%0.22%$33.21 - $37.4 $ 62.1686%656501
Donald Smith 2011-12-31 Add 51.64%0.75%$27.55 - $35.15 $ 62.1691%2103406
David Dreman 2011-12-31 Add 21.95%0.13%$27.55 - $35.15 $ 62.1691%945617
Donald Smith 2011-09-30 Add 84.08%0.71%$28.75 - $35.32 $ 62.1696%1387135
Donald Smith 2011-06-30 Add 17.97%0.12%$32.18 - $38.67 $ 62.1675%753531
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 8.60
PTP's P/E(ttm) is ranked higher than
90% of the 166 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 11.30 vs. PTP: 8.60 )
PTP' s 10-Year P/E(ttm) Range
Min: 4.66   Max: 267.81
Current: 8.6

4.66
267.81
P/B 0.99
PTP's P/B is ranked higher than
77% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.23 vs. PTP: 0.99 )
PTP' s 10-Year P/B Range
Min: 0.61   Max: 1.34
Current: 0.99

0.61
1.34
P/S 2.88
PTP's P/S is ranked lower than
77% of the 190 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.12 vs. PTP: 2.88 )
PTP' s 10-Year P/S Range
Min: 0.74   Max: 2.97
Current: 2.88

0.74
2.97
EV-to-EBIT 7.74
PTP's EV-to-EBIT is ranked higher than
81% of the 180 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 9.50 vs. PTP: 7.74 )
PTP' s 10-Year EV-to-EBIT Range
Min: 0.1   Max: 35
Current: 7.74

0.1
35
Shiller P/E 13.36
PTP's Shiller P/E is ranked higher than
86% of the 133 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 16.90 vs. PTP: 13.36 )
PTP' s 10-Year Shiller P/E Range
Min: 8.81   Max: 13.61
Current: 13.36

8.81
13.61

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.50
PTP's Dividend Yield is ranked lower than
94% of the 150 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 2.51 vs. PTP: 0.50 )
PTP' s 10-Year Dividend Yield Range
Min: 0.5   Max: 1.29
Current: 0.5

0.5
1.29
Dividend Payout 0.04
PTP's Dividend Payout is ranked higher than
97% of the 127 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.25 vs. PTP: 0.04 )
PTP' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.18
Current: 0.04

0.03
0.18
Yield on cost (5-Year) 0.50
PTP's Yield on cost (5-Year) is ranked lower than
93% of the 152 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 3.14 vs. PTP: 0.50 )
PTP' s 10-Year Yield on cost (5-Year) Range
Min: 0.5   Max: 1.29
Current: 0.5

0.5
1.29
Share Buyback Rate 12.40
PTP's Share Buyback Rate is ranked higher than
98% of the 148 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: -0.10 vs. PTP: 12.40 )
PTP' s 10-Year Share Buyback Rate Range
Min: 13.4   Max: -12.4
Current: 12.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.99
PTP's Price/Tangible Book is ranked higher than
79% of the 180 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.40 vs. PTP: 0.99 )
PTP' s 10-Year Price/Tangible Book Range
Min: 0.72   Max: 1.23
Current: 0.99

0.72
1.23
Price/DCF (Projected) 0.89
PTP's Price/DCF (Projected) is ranked lower than
61% of the 130 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.50 vs. PTP: 0.89 )
PTP' s 10-Year Price/DCF (Projected) Range
Min: 0.32   Max: 0.88
Current: 0.89

0.32
0.88
Price/Median PS Value 1.89
PTP's Price/Median PS Value is ranked lower than
71% of the 175 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 1.00 vs. PTP: 1.89 )
PTP' s 10-Year Price/Median PS Value Range
Min: 0.53   Max: 1.86
Current: 1.89

0.53
1.86
Price/Graham Number 0.59
PTP's Price/Graham Number is ranked higher than
82% of the 159 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 0.80 vs. PTP: 0.59 )
PTP' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 3.11
Current: 0.59

0.4
3.11
Earnings Yield (Greenblatt) 12.90
PTP's Earnings Yield (Greenblatt) is ranked higher than
83% of the 184 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 10.40 vs. PTP: 12.90 )
PTP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.9   Max: 8167.8
Current: 12.9

2.9
8167.8
Forward Rate of Return (Yacktman) 1.09
PTP's Forward Rate of Return (Yacktman) is ranked higher than
57% of the 143 Companies
in the Global Insurance - Property & Casualty industry.

( Industry Median: 7.76 vs. PTP: 1.09 )
PTP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.3   Max: 40.6
Current: 1.09

1.3
40.6

Business Description

Industry: Insurance - Property & Casualty » Insurance - Property & Casualty
Compare:RLI, TRV, MBI, QBIEY, TKOMY » details
Platinum Underwriters Holdings, Ltd. was organized in 2002. It operates as a holding company domiciled in Bermuda. Through its operating subsidiaries, it provides property and marine, casualty and finite risk reinsurance coverages, through reinsurance intermediaries, to a diverse clientele of commercial and personal lines insurers and select reinsurers on a worldwide basis. The Company operates through two licensed reinsurance subsidiaries, Platinum Underwriters Bermuda, Ltd., a Bermuda reinsurance company and wholly owned subsidiary of Platinum Holdings, and Platinum Underwriters Reinsurance, Inc., a U.S. reinsurance company and a wholly owned subsidiary of Platinum Underwriters Finance, Inc. The Company operates in Property and Marine, Casualty and Finite Risk segments. It provides reinsurance coverage for damage to property and crops. The Company's catastrophe excess-of-loss reinsurance contracts provide defined limits of liability, permitting it to quantify its aggregate maximum loss exposure for various catastrophic events. It provides reinsurance coverage for marine and offshore energy insurance programs. Coverages reinsured include hull damage, protection and indemnity, cargo damage, satellite damage and general marine liability. Within Marine, it also writes commercial and general aviation reinsurance. Casualty reinsurance protects a ceding company against financial loss arising out of the obligation to others for loss or damage to persons or property. The Company's Casualty operating segment mainly includes reinsurance contracts that cover umbrella liability, general and product liability, professional liability, workers' compensation, casualty clash, automobile liability, surety, trade credit, political risk and accident and health. Finite reinsurance includes mainly structured reinsurance contracts with ceding companies whose needs might not be met efficiently through traditional reinsurance products. Reinsurance contracts classified as finite are typically structured to include loss limitation or loss mitigation features. It markets its reinsurance products worldwide mainly through non-exclusive relationships with reinsurance brokers. The property and casualty reinsurance industry is highly competitive. It competes with Arch Capital Group Ltd., Axis Capital Holdings Limited, Endurance Specialty Holdings Ltd., Everest Re Group, Ltd., Max Capital Group Ltd., Montpelier Re Holdings Ltd., Odyssey Re Holdings Corp., PartnerRe Ltd., RenaissanceRe Holdings Ltd. and Transatlantic Holdings, Inc. The business of reinsurance is regulated in most countries, although the degree and type of regulation varies significantly from one jurisdiction to another. Reinsurers are generally subject to less direct regulation than main insurers.

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