Business & Finance
Business and Finance
Business and Finance
Tue, February 3, 2009Mon, February 2, 2009Sun, February 1, 2009Fri, January 30, 2009Thu, January 29, 2009Wed, January 28, 2009Tue, January 27, 2009Mon, January 26, 2009PartnerRe Ltd. Increases Common Share Dividend by 2% to $1.88
Published in Business and Finance on Thursday, January 29th 2009 at 8:31 GMT, Last Modified on 2009-01-29 08:32:23 by Market Wire
PEMBROKE, Bermuda--([ BUSINESS WIRE ])--Second graph, first sentence of release should read: Today, the Board declared a regular quarterly dividend of $0.47 per common share (sted $0.01 per common share).
The corrected release reads:
PARTNERRE LTD. INCREASES COMMON SHARE DIVIDEND BY 2% TO $1.88
PartnerRe Ltd. (NYSE:PRE) today announced that its Board of Directors has increased the annual dividend by 2 percent to $1.88 per common share, from $1.84 per common share. This is the sixteenth consecutive year that the Company has increased the common share dividend. Today's increase represents 11 percent compounded growth in the common dividend since inception.
Today, the Board declared a regular quarterly dividend of $0.47 per common share. The dividend will be payable on March 2, 2009, to common shareholders of record on February 20, 2009, with the stock trading ex-dividend commencing February 18, 2009.
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2007, total revenues were $4.2 billion. At September 30, 2008, total assets were $16.3 billion, total capital was $5.0 billion and total shareholders' equity was $4.1 billion.
PartnerRe on the Internet: [ www.partnerre.com ]
Forward-looking statements contained in this press release are based on the Company's assumptions and expectations concerning future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. PartnerRe's forward-looking statements could be affected by numerous foreseeable and unforeseeable events and developments such as exposure to catastrophe, or other large property and casualty losses, credit, interest, currency and other risks associated with the Company's investment portfolio, adequacy of reserves, levels and pricing of new and renewal business achieved, changes in accounting policies, risks associated with implementing business strategies, and other factors identified in the Company's filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information contained herein, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company disclaims any obligation to publicly update or revise any forward-looking information or statements.
