Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. More Details
Adequate balance sheet and overvalued.
Share Price & News
How has Third Point Reinsurance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPRE has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TPRE underperformed the US Insurance industry which returned -15.8% over the past year.
Return vs Market: TPRE underperformed the US Market which returned 11.5% over the past year.
Price Volatility Vs. Market
How volatile is Third Point Reinsurance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StReflecting on Third Point Reinsurance's (NYSE:TPRE) Share Price Returns Over The Last Three Years
2 months ago | Simply Wall StDirector Mehdi Mahmud Just Bought 97% More Shares In Third Point Reinsurance Ltd. (NYSE:TPRE)
3 months ago | Simply Wall StThird Point Reinsurance (NYSE:TPRE) Share Prices Have Dropped 49% In The Last Five Years
Is Third Point Reinsurance undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TPRE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TPRE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TPRE is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.
PE vs Market: TPRE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TPRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TPRE is good value based on its PB Ratio (0.5x) compared to the US Insurance industry average (0.9x).
How is Third Point Reinsurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Third Point Reinsurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Third Point Reinsurance's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Third Point Reinsurance competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Insurance industry.
How has Third Point Reinsurance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPRE is currently unprofitable.
Growing Profit Margin: TPRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TPRE is unprofitable, and losses have increased over the past 5 years at a rate of 4.7% per year.
Accelerating Growth: Unable to compare TPRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TPRE is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-3%).
Return on Equity
High ROE: TPRE has a negative Return on Equity (-3.31%), as it is currently unprofitable.
How is Third Point Reinsurance's financial position?
Financial Position Analysis
Short Term Liabilities: TPRE's short term assets ($2.5B) exceed its short term liabilities ($719.1M).
Long Term Liabilities: TPRE's short term assets ($2.5B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: TPRE's debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: TPRE's debt to equity ratio has increased from 8.1% to 8.4% over the past 5 years.
Debt Coverage: TPRE's debt is well covered by operating cash flow (64.5%).
Interest Coverage: Insufficient data to determine if TPRE's interest payments on its debt are well covered by EBIT.
What is Third Point Reinsurance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TPRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TPRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TPRE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TPRE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TPRE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Malloy (60 yo)
Mr. Daniel V. Malloy III, also known as Dan, has been the Chief Executive Officer of Third Point Reinsurance Ltd. since May 10, 2019 and has been its Director since August 07, 2019 and serves as its Presid ...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD4.31M) is above average for companies of similar size in the US market ($USD3.00M).
Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||1.42yrs||US$4.31m||0.89% |
|Chief Financial Officer||5.92yrs||US$2.11m||0.44% |
|Executive VP||4.75yrs||US$1.41m||0.20% |
|Chief Risk Officer||6.83yrs||US$1.81m||0.29% |
|Chief Operating Officer||no data||no data||0.23% |
|Executive VP & Chief Reserving Actuary||1.92yrs||no data||0.16% |
|Senior VP||1.75yrs||no data||no data|
|Senior Vice President of Marketing & Investments of Third Point Re Marketing (UK) Limited||no data||no data||no data|
|President of Third Point Reinsurance (USA) Ltd.||5.83yrs||no data||no data|
|Senior Vice President of Underwriting of Third Point Reinsurance Company Ltd.||1.25yrs||no data||no data|
Experienced Management: TPRE's management team is considered experienced (3.3 years average tenure).
|CEO, President & Director||1.42yrs||US$4.31m||0.89% |
|Independent Director||0.92yr||US$64.66k||0.025% |
|Director||8.83yrs||no data||0.23% |
|Independent Director||6.92yrs||US$200.00k||0.077% |
|Director||0.17yr||no data||0.026% |
|Independent Director||2.42yrs||US$200.00k||0.037% |
|Independent Chairman of the Board||0.17yr||US$112.55k||0.45% |
|Independent Director||6.92yrs||US$235.00k||0.088% |
Experienced Board: TPRE's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPRE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Third Point Reinsurance Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Third Point Reinsurance Ltd.
- Ticker: TPRE
- Exchange: NYSE
- Founded: 2011
- Industry: Reinsurance
- Sector: Insurance
- Market Cap: US$726.917m
- Shares outstanding: 92.60m
- Website: https://www.thirdpointre.com
Number of Employees
- Third Point Reinsurance Ltd.
- Point House
- 3 Waterloo Lane
- HM 08
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPRE||NYSE (New York Stock Exchange)||Yes||Class A Common Shares||US||USD||Aug 2013|
|3XP||DB (Deutsche Boerse AG)||Yes||Class A Common Shares||DE||EUR||Aug 2013|
Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners’ and commer ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/29 00:47|
|End of Day Share Price||2020/10/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.