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PartnerRe Ltd. Publishes Redefined Financial Reporting Segments
Pembroke, Bermuda: December 17, 2007 -- PartnerRe Ltd. (NYSE: PRE) today published the Company's redefined financial reporting segment tables on the Company website.
The Company announced at its Investor Day on November 8, 2007, that it was redefining its financial reporting segments. The new segment tables, which will include an explanatory note listing the lines of business included in each sub-segment, can be found at www.partnerre.com in the Investor Relations section on the Financial Reports page under Supplementary Financial Data. The document includes two years of historical data on both a quarterly and annual basis.
The new presentation includes three segments: Non-Life, Life, and Corporate and Other. The Non-Life segment will now have four sub-segments: U.S., Global (Non-U.S.) P&C, Global (Non-U.S.) Specialty, and Catastrophe. The Life segment remains unchanged. ART will no longer stand as a separate segment: principal finance, insurance-linked securities and strategic investments are incorporated in the Corporate and Other segment.
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PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company through its wholly owned subsidiaries also offers alternative risk 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, other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2006, total revenues were $4.2 billion. As of September 30, 2007 total assets were $16.2 billion, total capital was $5.1 billion and total shareholders' equity was $4.2 billion.
PartnerRe on the Internet: www.partnerre.com