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Stock impact report

Blue Capital Reinsurance Holdings Reports Second Quarter 2018 Financial Results

BLUE CAPITAL REINSURANCE HOLDINGS (BCRH) 
Last blue capital reinsurance holdings earnings: 5/2 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
HAMILTON, Bermuda, July 31, 2018 (GLOBE NEWSWIRE) -- Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) (the "Company"), a Bermuda holding company that, through its operating subsidiaries, offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities, today reported its financial results for the second quarter of 2018 and provided a portfolio update related to June 1, 2018 renewals. The Company recorded net income of $2.5 million ($0.28 per share) for the second quarter of 2018 and $3.0 million ($0.34 per share) for the six months ended June 30, 2018. The Company’s fully converted book value per common share was $14.21 at June 30, 2018, reflecting a 1.8% increase for the quarter and a 2.3% increase since December 31, 2017, each inclusive of dividends declared in such periods. Reinsurance premiums written for the current quarter and year-to-date were $7.4 million and $19.9 million, decreasing by $4.7 million and Show less Read more
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