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Flagstone Re Reports Diluted Book Value per Share of $12.62 for end of Third Quarter 2008
Hamilton, Bermuda - 3 November, 2008 - Flagstone Reinsurance Holdings Limited (NYSE: FSR) announced third quarter 2008 basic book value per share of $12.68 and diluted book value per share of $12.62, down 14.9% and 12.7% for the quarter (ratios inclusive of dividends), respectively. Net loss available to common shareholders for the quarter ended 30 September, 2008 was $(186.5) million, or $(2.18) per diluted share, compared to net income of $66.2 million, or $0.77 per diluted share, for the quarter ended September 30, 2007. Net loss available to common shareholders for the nine months ended 30 September, 2008 was $(111.7) million, or $(1.31) per diluted share, compared to net income of $116.6 million, or $1.44 per diluted share, for the nine months ended 30 September, 2007.
For a detailed report please visit www.flagstonere.bm