Partnerre (PRE) & Platinum Underwriters (PTP) Head-To-Head Review

Partnerre (NYSE: PRE) and Platinum Underwriters (NYSE:PTP) are both financials companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, earnings, analyst recommendations, profitability, institutional ownership and risk.

Profitability

This table compares Partnerre and Platinum Underwriters’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Partnerre -5.22% -4.95% -1.41%
Platinum Underwriters 24.85% 8.33% 3.89%

Analyst Ratings

This is a breakdown of recent ratings and target prices for Partnerre and Platinum Underwriters, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Partnerre 0 0 0 0 N/A
Platinum Underwriters 0 0 0 0 N/A

Earnings and Valuation

This table compares Partnerre and Platinum Underwriters’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Partnerre N/A N/A N/A $0.60 234.20
Platinum Underwriters N/A N/A N/A $6.31 12.11

Platinum Underwriters is trading at a lower price-to-earnings ratio than Partnerre, indicating that it is currently the more affordable of the two stocks.

Dividends

Partnerre pays an annual dividend of $2.80 per share and has a dividend yield of 2.0%. Platinum Underwriters does not pay a dividend. Partnerre pays out 466.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Platinum Underwriters has raised its dividend for 14 consecutive years.

Summary

Platinum Underwriters beats Partnerre on 6 of the 8 factors compared between the two stocks.

About Partnerre

PartnerRe Ltd. is the holding company engaged in the international reinsurance and insurance business. The Company operates in three segments: Non-life, Life and Health, and Corporate and Other. The Non-life segment’s operations are classified as North America, Global (Non-U.S.) Property and Casualty (Global (Non-U.S.) P&C), Global Specialty and Catastrophe. The Company’s Life and Health segment includes the mortality, longevity and accident and health lines of business. The Corporate and Other segment is engaged in investment related activities. Risks reinsured by the Company include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. The Company’s alternative risk products include weather and credit protection to financial, industrial and service companies.

About Platinum Underwriters

Platinum Underwriters Holdings, Ltd. (Platinum Holdings) is a holding company. Through its reinsurance subsidiaries the Company provides property and marine, casualty and finite risk reinsurance coverage to a diverse clientele of insurers and select reinsurers on a worldwide basis. The Company operates through two licensed reinsurance subsidiaries: Platinum Underwriters Bermuda, Ltd. (Platinum Bermuda), a Bermuda reinsurance company, and Platinum Underwriters Reinsurance, Inc. (Platinum US), a United States reinsurance company. Platinum Bermuda is a wholly owned subsidiary of Platinum Holdings and Platinum US is a wholly owned subsidiary of Platinum Finance. The Company operates in three segments: Property and Marine, Casualty and Finite Risk. The Property and Marine provides insurance coverage against loss of property. Casualty provides coverage for loss or damage to persons or property. The Finite Risk offers non-traditional reinsurance.

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