Blue Capital Reinsurance Holdings Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter the company reported reinsurance premiums written of $12.5 million compared to $17.0 million a year ago. Total revenues were $8.0 million compared to $9.9 million a year ago. Net income and comprehensive income was $0.5 million compared to $4.1 million a year ago. Basic and diluted earnings per common share were $0.06 per share compared to $0.47 per share a year ago. The company’s fully converted book value per common share was $14.25 at March 31, 2018, reflecting a 0.5% increase for the quarter inclusive of dividends declared. Book value per common share was $14.27 compared to $20.52 a year ago.