MARKETS / US / PREJF
US · ACCIDENT & HEALTH INSURANCE · SMALL CAP

PartnerRe Ltd. PREJF

16 fiscal years on record · USD · FY2023 reported
SEC FILINGS ONLY7 YEARS OF DIVIDEND GROWTH
Revenue · FY2023
$9.1B
▲ 59.3% vs FY2022
Dividend streak
7 yrs
Raised every year since 2017
EPS · FY23
Dividend / sh · FY23
Payout · FY23
10%
ROE · FY23
31.3%
Net margin · FY23
25.4%
Dividend coverage
0.3×
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Result
USD 9.1B
Revenue, FY2023 · full 16-year series below
Revenue Net income
2.557.5109.12.3200820112014201720202023
2.557.5109.12.32014201720202023

25 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2023
EPS Dividend
81624200820112014201720202023
816242014201720202023

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
31.3%
Return on equity, FY2023
ROE
816243231.3%200820112014201720202023
816243231.3%2014201720202023
Operating margin21.8%
Net margin25.4%
Return on assets8.0%

Each USD of equity produced 31 cents of profit this year.

Returned to shareholders
USD 227.7M
returned in FY2023 · dividends + net buybacks
Dividends paidUSD 227.7M
Net buybacks
Share of profit9.8%
Consecutive raises7 years

USD 227.7M in dividends — 10% of the year's profit went back to shareholders.

Growth
+10.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.4%
+10.3%
+5.1%
+5.7%
Net income
+108.9%
+13.3%
+29.8%
EPS, diluted
−61.4%
−37.8%
Dividend / share
+4.1%
+6.4%
Returned to shareholders
+33.4%
+19.3%
−12.5%
+5.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2023
0.100.10200820112014201720202023
0.100.102014201720202023
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 30.5B
total assets, end of FY2023
Total assetsUSD 30.5B
EquityUSD 8.4B
CashUSD 1.1B
Gross debtUSD 1.9B
Net debtUSD 786.2M

Net debt stands at 9% of equity.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
9.1
5.7
7.4
7.4
7.9
5.6
5.7
5.4
5.4
6.5
5.5
5.6
5.4
5.9
5.4
4.0
Operating income $B
2.0
−0.9
0.8
0.2
1.0
−0.1
0.3
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
−0.3
0.0
0.0
−0.0
0.1
−0.0
0.0
0.0
0.1
0.2
0.0
0.2
0.1
0.1
0.3
0.0
Net income $B
2.3
−0.9
0.8
0.3
0.9
−0.1
0.3
0.4
0.1
1.1
0.7
1.1
−0.5
0.9
1.5
0.0
EPS, diluted $
·
·
·
·
·
·
·
·
0.97
19.51
10.58
16.87
−8.40
10.46
23.51
0.22
Dividend / sh $
·
·
·
·
·
·
·
·
2.80
2.68
2.56
2.48
2.35
2.05
1.88
1.84
Payout %
10
−20
17
38
26
−110
72
110
182
18
30
19
−40
·
·
·
ROE %
31.3
−13.7
10.6
3.6
13.6
−1.3
3.9
6.6
1.5
15.3
9.7
16.9
−8.0
·
·
·
Shares out B
0.10
0.10
0.10
0.10
0.10
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
23 of 23
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed