Share repurchases under the Board-approved share repurchase authorization for the year ended December 31, 2012 were 6,626,684 common shares at an average price of $23.03 per share for a total of $152.6 million. Alterra did not repurchase any common shares under the share repurchase authorization during the fourth quarter of 2012. As of December 31, 2012, $301.7 million remained under the share repurchase authorization.Shareholders’ equity was $2,839.7 million as of December 31, 2012, an increase of 1.1% from December 31, 2011. Diluted book value per share as of December 31, 2012 was $28.34. Including dividends declared, diluted book value per share decreased for the fourth quarter of 2012 by 3.6%, and grew by 7.5% for the year ended December 31, 2012. Not included in shareholders’ equity as of December 31, 2012 were $218.0 million of unrecognized gains on held-to-maturity securities, which represented $2.18 in unrecognized diluted book value per share.
Alterra Capital Reports Fourth Quarter And Year End 2012 Results
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