Blue Capital Reinsurance Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
October 30, 2017 at 04:30 pm EDT
Blue Capital Reinsurance Holdings Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of $19.1 million compared to $9.9 million a year ago. Net loss and comprehensive loss was $51.9 million compared to net income and comprehensive income of $3.3 million a year ago. Basic and diluted loss per common share was $5.93 compared to basic and diluted earnings per common share of $0.38 a year ago.
For the nine months, the company reported total revenues of $39.3 million compared to $31.6 million a year ago. Net loss and comprehensive loss was $43.2 million compared to net income and comprehensive income of $10.3 million a year ago. Basic and diluted loss per common share was $4.94 compared to basic and diluted earnings per common share of $1.17 a year ago. Book value per common share was $14.50 compared to $20.47 a year ago. Fully converted book value per common share was $14.48 compared to $20.44 a year ago.