New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Business News and Headlines
SEC Filings, Earing Reports, Press Releases
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
Montpelier Re Holdings Ltd. Reports Operating Results (10-K)
Posted by: gurufocus (IP Logged)
Date: February 24, 2012 04:40PM

Montpelier Re Holdings Ltd. (MRH) filed Annual Report for the period ended 2011-12-31. Montpelier Re has a market cap of $1.14 billion; its shares were traded at around $18.12 with and P/S ratio of 1.6. The dividend yield of Montpelier Re stocks is 2.3%.

Highlight of Business Operations:

Montpelier Bermuda’s acquisition cost ratio for 2011 increased as compared to 2010 primarily as a result of an increase in ceded premium earned. Although ceding commissions on ceded reinsurance represent revenue to Montpelier Bermuda, the ceding commission ratio on reinsurance ceded during 2011 was lower than the acquisition cost ratio of gross premium written. As a result, the increase in ceded premium earned led to an increase in the net acquisition cost ratio. Montpelier Bermuda’s acquisition cost ratio for 2010, exclusive of profit commission adjustments, was consistent with that of 2009.

Favorable development of prior period net losses experienced as a percentage of our opening net loss reserves across all underwriting years was 12.4%, 17.9% and 11.0% for the years ended December 31, 2011, 2010 and 2009, respectively. As of December 31, 2011, we estimate that a 15% change in our net unpaid loss and LAE reserves would result in an increase or decrease in our net income or loss and shareholders’ equity of approximately $150.0 million. The net income or loss and shareholders’ equity impact of the change in net reserves might be partially offset by adjustments to items such as reinstatement premiums, profit commission expense, incentive compensation and income taxes.

Read the The complete Report

Stocks Discussed: MRH,
Rate this post:

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat