FLAGSTONE REINSURANCE HLDGS
SymbolFSR

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Flagstone Re Reports Diluted Book Value Per Share of $13.20 for End of Third Quarter 2009

2009-11-02 17:00 ET - News Release


Company Website: http://www.flagstonere.bm
HAMILTON, Bermuda -- (Business Wire)

Flagstone Reinsurance Holdings Limited (NYSE:FSR) today announced third quarter 2009 basic book value per share of $13.69 and diluted book value per share of $13.20, up 6.6% and 6.5%, respectively, for the quarter (percentages inclusive of dividends). Net income attributable to Flagstone’s common shareholders for the quarter ended September 30, 2009, was $67.1 million, or $0.80 per diluted share, compared to a net loss of $(186.5) million, or $(2.18) per diluted share, for the quarter ended September 30, 2008. Net income available to common shareholders for the nine months ended September 30, 2009 was $170.7 million, or $2.01 per diluted share, compared to a net loss of $(111.7) million, or $(1.31) per diluted share, for the nine months ended September 30, 2008.

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