Blue Capital Reinsurance Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
July 01, 2018 at 01:45 am IST
Blue Capital Reinsurance Holdings Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues of $7.7 million compared to $10.3 million a year ago. Net income and comprehensive income was $2.5 million compared to $4.6 million a year ago. Basic and diluted earnings per common share were $0.28 compared to $0.52 a year ago. Reinsurance premiums written was $7.4 million against $12.1 million a year ago.
For the six months, the company reported total revenues of $15.7 million compared to $20.2 million a year ago. Net income and comprehensive income was $3.0 million compared to $8.7 million a year ago. Basic and diluted earnings per common share were $0.34 compared to $0.99 a year ago. Book value per common share was $14.24 compared to $20.73 a year ago. The Company’s fully converted book value per common share was $14.21 at June 30, 2018, reflecting a 1.8% increase for the quarter and a 2.3% increase since December 31, 2017, each inclusive of dividends declared in such periods. Reinsurance premiums written was $19.9 million against $29.1 million a year ago.