PartnerRe reports net loss of over $1 billion

Bermuda-based reinsurer PartnerRe Ltd. posted a net loss attributable to common shareholders of $1.1 billion in 2022, compared to an income of $679 million in 2021, The Royal Gazette reported. The loss was due to unrealized losses on fixed maturities and short-term investments of $1.8 billion. The reinsurer’s losses from the Ukraine war, Hurricane Ian and other natural disasters increased to $489 million in 2022 from $483 million in 2021.