This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PartnerRe's CEO Discusses Q1 2012 Results - Earnings Call Transcript

PartnerRe Ltd. (PRE)

Q1 2012 Earnings Call

May 1, 2012 10:00 am ET

Executives

Robin Sidders - Director, IR

Costas Miranthis - President & CEO

Bill Babcock - EVP & CFO

Analysts

Amit Kumar - Macquarie

Mike Zaremski - Credit Suisse

Jay Gelb - Barclays

Michael Nannizzi - Goldman Sachs

Vinay Misquith - Evercore Partners

Matt Carletti - JMP Securities

Greg Locraft - Morgan Stanley

Matthew Heimermann - JPMorgan

Doug Mewherter - RBC

Jay Cohen - Bank of America

Josh Shanker - Deutsche Bank

Ian Gutterman - Adage Capital

Ron Bobman - Capital Returns

Presentation

Operator

Before we begin the call, I will remind all participants that they are in a listen-only mode. (Operator Instructions). If you have not received a copy of the press release, it is posted on the company's website, www.partnerre.com or you can call 212-687-8080 and one will be faxed to you right away.

I will now hand over to Robin Sidders, Director of Investor Relations at PartnerRE who will begin the call.

Robin Sidders

Good morning and welcome to PartnerRE's first quarter 2012 results conference call and webcast. As a reminder, our first quarter financial supplement can be found on our website at www.partnerre. com in the Investor Relations section by clicking on Supplementary Financial Data on the Financial Reports page. On today's call are President and CEO of PartnerRE, Costas Miranthis; and Bill Babcock, Executive Vice President and CFO of PartnerRE.

Costas will start with an overview of the quarter and then hand over to Bill, who will provide more details on the results. Costas will provide additional commentary on the market and then we'll open the call up for question-and-answer session. I'll begin with the Safe Harbor statements.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs