Montpelier Re Q2 Operating Earnings Misses Estimate - Quick Facts

(RTTNews) - Insurer Montpelier Re Holdings Ltd (MRH) Monday reported second-quarter net earnings of $37 million or $0.78 per share, compared with a loss of $27.3 million or $0.52 per share last year.

Excluding items, operating earnings for the quarter were $36 million or $0.76 per share. Analysts polled by Thomson Reuters projected earnings of $0.99 per share for the quarter. Analysts' estimates typically exclude special items.

Net insurance and reinsurance premiums earned for the quarter totaled $162.6 million, compared with $138.9 million a year ago. Analysts projected revenue of $153.2 million for the quarter.

Net investment income for the quarter was $12.4 million, compared with $16.7 million last year.