Blue Capital Reinsurance slips after big Q2 miss [Seeking Alpha]
BLUE CAPITAL REINSURANCE HOLDINGS (BCRH)
Last blue capital reinsurance holdings earnings: 5/2 04:30 pm
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US:NYSE Investor Relations:
ir-bcrh.bluecapital.bm/blue-capital-reinsurance-holdings-ltd
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Source: Seeking Alpha
Blue Capital Reinsurance Holdings (NYSE: BCRH ) in after-hours trading after Q2 EPS of 28 cents misses consensus by 17 cents; revenue fell to $7.7M from $10.3M a year ago. Q2 combined ratio was 73.5% vs. 56.1% a year ago. Results were hurt by increased estimated losses related to Hurricane Irma, which hit Florida in Sept. 2017. Q2 loss and loss adjustment expenses-prior year increased to $1.6M from $0.5M. Book value per common share was $14.24 as of June 30, 2018 vs. $14.27 as of March 31, 2018. Source: Press Release Previously: Blue Capital Reinsurance misses by $0.17, misses on revenue (July 31) See all stocks on the move » Now read: BNY Mellon slips 2% as Q2 growth slows from Q1 pace » Subscribe for full text news in your inbox
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