Watford Holdings Ltd. provided financial guidance for the fourth quarter of 2019. The company expected to report a 2019 fourth quarter net loss primarily due to a strengthening of net loss reserves of approximately $28 million across the current and prior accident years. In addition, catastrophe losses will impact the Company’s fourth quarter underwriting results by approximately $5 million. Despite the reserve increase, the Company expects to report positive growth in book value per share in excess of 3% for the quarter after reflecting strong investment income and the impact of share repurchases.