PartnerRe Ltd
PartnerRe Ltd is a global reinsurer that provides insurance coverage to insurance companies, primarily through property and casualty reinsurance, and earns revenue through premium income and investment returns.
Business. PartnerRe Ltd (PREJF.PK) is a financial services company operating within the insurance industry, primarily generating revenue through premium income. The firm is listed on the OTC market under the ticker symbol PREJF.PK. Specific details regarding its operating segments, headquarters location, and geographic mix are not provided in the available data. Consequently, the company is described at the industry level as an insurer without further operational breakdown.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
PartnerRe Ltd (PREJF.PK) is a financial services company operating within the insurance industry, primarily generating revenue through premium income. The firm is listed on the OTC market under the ticker symbol PREJF.PK. Specific details regarding its operating segments, headquarters location, and geographic mix are not provided in the available data. Consequently, the company is described at the industry level as an insurer without further operational breakdown.
PartnerRe's capital structure is characterized by a debt-to-equity ratio of 0.28, indicating a relatively conservative leverage position. However, the company's liquidity is assessed as medium, with free cash flow of -$550.2 million and negative net cash after subtracting total debt. The return on equity of -7.84% and return on assets of -1.89% suggest that the company is currently generating negative returns for shareholders and asset holders.
Profitability metrics for PartnerRe are below the industry median for reinsurance firms, as evidenced by the negative operating and net income figures of -$523.4 million and -$536.9 million, respectively. These results reflect a challenging underwriting environment and potential volatility in investment returns, which are key drivers for reinsurance firms.
The company's revenue is concentrated in its core reinsurance operations, with no disclosed geographic breakdown in the latest financial data. This lack of geographic diversification could expose PartnerRe to regional economic or regulatory risks, though the document does not specify the extent of such exposure.
PartnerRe's growth trajectory is uncertain, with no specific revenue growth or decline figures provided in the outlook. The company's operating cash flow of $383.4 million suggests some capacity to fund operations, but the negative free cash flow indicates that capital expenditures or debt servicing may be outpacing cash generation.
Risk factors for PartnerRe include medium liquidity risk and a negative net cash position after debt. The dilution risk is assessed as low, with no significant dilution potential in the basic shares outstanding. However, the company's negative returns and cash flow dynamics suggest that management may need to consider capital-raising strategies in the near term.
Recent events, including the latest earnings report and financial filings, indicate a challenging operating environment for PartnerRe. The company's last actual EPS was $13.45, and its last actual revenue was $5.23 billion, according to analyst estimates. These figures suggest a mixed performance, with strong revenue but weak profitability.
- PartnerRe is a reinsurance company with a conservative debt-to-equity ratio but negative returns on equity and assets.
- The company's liquidity is medium, with negative free cash flow and a negative net cash position after debt.
- Profitability is below industry norms, with negative operating and net income.
- Revenue is concentrated in reinsurance operations, with no geographic diversification disclosed.
- Growth trajectory is uncertain, with mixed cash flow dynamics.
- Risk factors include medium liquidity risk and potential capital-raising needs.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Operating income +318,6% YoY; Net income +346,7% YoY.
- ▍Operating income +318,6% YoY
- ▍Net income +346,7% YoY
- ▍Free cash flow +284,7% YoY
Operating income −228,1% YoY; Net income −223,0% YoY.
- ▍Operating income −228,1% YoY
- ▍Net income −223,0% YoY
- ▍Free cash flow −330,5% YoY
Valuation FY
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Market data
- Market data cache
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Return On Assetsnet_income / total_assets
- PartnerRe Ltd Market data — financials · 2026-05-29
- PartnerRe Ltd Market data — analyst estimates · 2026-05-29
Ownership & reference
Leadership
- Jacques BonneauPresident, Chief Executive Officer, Director
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Net margin (FY 2023-12-31): 25.4%Derived (calculated)
- Return on equity (FY 2023-12-31): 27.5%Derived (calculated)
- Return on assets (FY 2023-12-31): 7.6%Derived (calculated)
- Debt-to-equity (FY 2023-12-31): 2.62xDerived (calculated)
- Total assets (YoY) (2023-12-31 vs 2022-12-31): 11.3%Derived (calculated)
- Shareholders' equity (YoY) (2023-12-31 vs 2022-12-31): 31.7%Derived (calculated)
- Revenue (YoY) (2023-12-31 vs 2022-12-31): 59.3%Derived (calculated)
- Total liabilities (YoY) (2023-12-31 vs 2022-12-31): 5.1%Derived (calculated)
- Operating cash flow (YoY) (2023-12-31 vs 2022-12-31): 52.3%Derived (calculated)
- Gross profit (YoY) (2023-12-31 vs 2022-12-31): 37.4%Derived (calculated)
- Long-term debt (YoY) (2023-12-31 vs 2022-12-31): 1.9%Derived (calculated)
- Net income (YoY) (2023-12-31 vs 2022-12-31): 346.7%Derived (calculated)
- Gross margin (FY 2023-12-31): 15.0%Derived (calculated)
- Shares outstanding (annual): 100MSEC XBRL filing
- Long-term debt (annual): USD 1.88BSEC XBRL filing
- Interest expense (annual): USD 57.53MSEC XBRL filing
- Net income (annual): USD 2.32BSEC XBRL filing
- Revenue (annual): USD 9.12BSEC XBRL filing
- Gross profit (annual): USD 1.37BSEC XBRL filing
- Pre-tax income (annual): USD 1.99BSEC XBRL filing
- Operating cash flow (annual): USD 2.24BSEC XBRL filing
- Shareholders' equity (annual): USD 8.42BSEC XBRL filing
- Total liabilities (annual): USD 22.06BSEC XBRL filing
- Total assets (annual): USD 30.49BSEC XBRL filing