PartnerRe has reported total revenues of $1.32bn for the second quarter of 2010, an increase of 4.2% compared to $1.27bn for the same quarter in 2009.
Net premiums written for the second quarter of 2010 were $1.1bn, compared to $844.7m in the second quarter of 2009.
The company’s income before income taxes was $207.3m for the quarter compared to $525m for the same quarter in 2009.
For the quarter ended June 30, 2010, the company posted net income of $190.9m, or $2.31 per share, compared to $474.2m, or $8.10 per share, for the same period last year.
Patrick Thiele, CEO of PartnerRe, said: “We had good second quarter 2010 results although there were a number of cross-currents, including the cost of a voluntary termination plan related to the integration of Paris Re.
“For the half year, we showed strong net written premium growth of 35%, while operating earnings were down due to the combined impact of the Chilean earthquake and the Deepwater Horizon losses, reflecting the normal volatility we expect in our results.”