August 31, 2015
PEMBROKE, Bermuda–(BUSINESS WIRE)– PartnerRe Ltd. (NYSE:PRE), a leading international reinsurer, has been recognized by Forbes magazine as America’s Most Trustworthy Financial Company. This is a yearly ranking that includes publicly-traded North American companies of all sizes and industries.
Forbes partnered with MSCI ESG Research to develop the list, analyzing the accounting and governance behaviors of over 700 companies, including factors such as high-risk events, revenue and expense recognition methods, SEC sanctions, and risk of bankruptcy. With an average AGR (“Aggressive Accounting and Goveance Risk”) score of 97 over the last 4 quarters, PartnerRe ranked the highest out of all large cap companies considered.
According to Forbes, the ranking indicates companies where there is, “a very high level of integrity in the financial reporting, whether the results are good or bad. These pass a very rigorous test.”
PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multi-line and other lines in its Non-life operations, mortality, longevity and accident and health in its Life and Health operations, and alternative risk products. For the year ended December 31, 2014, total revenues were $6.5 billion. At June 30, 2015, total assets were $22.5 billion, total capital was $7.9 billion and total shareholders’ equity attributable to PartnerRe was $7.1 billion.
PartnerRe on the Inteet: www.partnerre.com
Investor: Robin Sidders
Media: Celia Powell
Sard Verbinnen & Co
Drew Brown/Robin Weinberg
Source: PartnerRe Ltd.