Partner Re smashes estimates in “tremendous” year
Bermudian (re)insurer Partner Re has posted net income of $242.7 million for the fourth quarter of 2006 and net income of $749.3 million for the full year, producing an operating return on equity of 26%.
This compares to an operating loss of $79.3 million for the fourth quarter of 2005 and a net loss for the full year 2005 of $51.1 million.
The company significantly beat consensus estimates and
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