Company Quick10K Filing
Blue Capital Reinsurance
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-07-31
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-01
10-Q 2018-03-31 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-04
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-03-09
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-05-04
10-K 2014-12-31 Filed 2015-03-11
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-05
10-K 2013-12-31 Filed 2014-03-07
8-K 2020-03-30 Exhibits
8-K 2020-03-19 Exhibits
8-K 2020-03-09 Exhibits
8-K 2020-01-30 Earnings, Exhibits
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-10-25 Shareholder Rights, Other Events
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-07-25 Regulation FD, Other Events, Exhibits
8-K 2019-05-08 Shareholder Vote
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-03-14 Regulation FD, Exhibits
8-K 2019-01-30 Earnings, Exhibits
8-K 2019-01-16 Regulation FD, Exhibits
8-K 2018-12-11 Regulation FD, Exhibits
8-K 2018-11-26 Regulation FD, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-10-16 Regulation FD, Exhibits
8-K 2018-09-04 Regulation FD, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-05-31 Regulation FD, Exhibits
8-K 2018-05-08 Shareholder Vote, Exhibits
8-K 2018-04-30 Earnings, Exhibits
8-K 2018-02-16 Regulation FD, Exhibits
8-K 2018-02-05 Regulation FD, Exhibits
8-K 2018-01-30 Earnings, Exhibits

Blue Capital Reinsurance Financials

BCRH Metrics, Comps, Filings

Quarterly | Annual

Business

We are a Bermuda exempted limited liability company that, through our subsidiaries, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. We were incorporated under the laws of Bermuda on June 24, 2013 and we commenced operations on November 12, 2013. Our headquarters and principal executive offices are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda, which is also our registered office.

Our Common Shares trade on the New York Stock Exchange under the symbol "BCRH" and on the Bermuda Stock Exchange under the symbol "BCRH.BH."

Our largest shareholder, Sompo International, is a holding company headquartered in Bermuda which through its operating subsidiaries focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis. Sompo International together with its wholly owned subsidiary, Endurance Specialty Insurance Ltd. ("Endurance Bermuda"), owned 33.2% of the Company's outstanding Common Shares as of December 31, 2018.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Hallmark Financial Services (HALL) 352,362 0% 5.7 2% 1,463,534 1,167,101 357,309 0 33,341 49,942 286,620
Protective Insurance (PTVCA) 293,680 0% -9.2 -1% 1,596,767 1,233,337 371,167 0 -20,991 -20,122 185,493
Fednat Holding (FNHC) 170,756 0% 12.9 -0% 1,101,229 863,840 402,416 0 -1,401 11,583 149,338
Atlas Financial Holdings (AFH) 120,919 0% -2.6 -7% 501,167 399,312 228,675 0 -37,587 -27,876 71,668
Kingstone Companies (KINS) 96,513 0% -19.5 -3% 298,420 211,685 137,742 0 -8,301 -5,133 100,301
Maiden Holdings (MHLD) 70,645 0% -0.7 -10% 3,791,955 3,258,800 1,031,044 0 -379,572 -380,549 260,219
Kingsway Financial Services (KFS) 61,868 0% -9.5 -3% 471,780 439,450 121,213 0 -14,956 -28,159 267,820
Blue Capital Reinsurance (BCRH) 60,458 0% -14.7 -3% 139,500 48,600 19,100 0 -3,900 -3,900 57,458
American International Group (AIG) 44,538 49% 0.1 41% 10,274 457,637 49,746 24,344 4,169 1,063,285 77,032
ICC Holdings (ICCH) 48,241 0% 48.9 0% 161,472 98,530 44,040 0 717 945 46,210
Conifer Holdings (CNFR) 35,766 0% -5.2 -4% 238,490 193,008 70,958 0 -9,570 -7,396 38,655
1347 Property Insurance (PIH) 33,711 0% 0.4 -5% 164,088 108,405 18,194 0 -7,969 -8,017 -2,855
Unico American (UNAM) 32,691 0% -34.6 -1% 130,210 72,733 31,191 0 -1,204 -726 25,163
Oxbridge RE Holdings (OXBR) 5,103 0% 8.0 -4% 9,790 1,817 576 0 -367 -367 -2,949
Allstate Life Insurance (ALL) 2,566 0% -0.1 1% 41,178,000 33,491,000 2,913,000 0 349,000 451,000 -47,434
Talcott Resolution Life Insurance (HIG) 49 0% -0.2 0% 156,296,000 153,907,000 1,493,000 0 441,000 454,000 -103,951
Maiden Holdings (MHLA)
Donegal Group (DGICA) 0% -0.8 3% 1,921,085 1,478,534 826,227 0 56,021 68,773 -55,269
Palomar Holdings (PLMR) 0% -3.6 -0% 372,833 164,371 78,673 0 -259 4,738 -16,902
Tiptree (TIPT) 0% 3.9 1% 2,056,493 1,649,081 716,537 0 16,084 45,450 178,736

Balance Sheet ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-30
Cash129,40025,20011,40011,5007,9008,7005,8006,1008,2007,1007,8004,7007,2003,8004,1006,0005,5003,6001002,2001,8003,000
Accounts Receivable
Inventory
PP&E
Assets195,100201,900200,800201,300208,200214,300214,000217,600204,300205,700204,600204,700204,000211,900212,700182,200176,100168,400161,800163,300144,000139,500
Accounts Payable
Long-Term Debt
Liabilities18,30026,60024,90020,80030,60033,80031,80030,00025,20027,20025,40021,40024,40030,30085,70055,10051,10043,60046,30072,60052,80048,600
Stockholders' Equity176,800175,300175,900180,500177,600180,500182,200187,600179,100178,500179,200183,300179,600181,600127,000127,100125,000124,800115,50090,70091,20090,900
Income Statement ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-30
Revenue10,30011,20011,60011,5009,8009,7009,2009,40010,40011,3009,90011,0009,90010,30019,10010,1008,0007,7007,1006,7005,300
Cost of Revenue
Gross Profit
R&D
SG&A1,1001,1001,2001,1001,3001,8001,3001,6001,5001,2001,1001,3001,3001,4001,3009001,1001,0001,2001,0001,100
Tax
Net Income6,1001,2003,2004,6005,4007,3005,7005,4005,0002,0003,3004,0004,1004,600-51,90005002,500-6,7001,8001,000
Cash Flow ($'000)2014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-30
Cash Operating-44,400-101,600-15,100-1,3006,200-1,600-200-1,10026,0001,5003,300-4007,700-8003,0004,500-500700-800-4006,500
Cash Investing000000000000000
Cash Financing0-2,6001,3001,400-9,8002,400-2,7001,400-23,900-2,600-2,600-2,700-5,200-2,600-2,700-2,6000-2,600-2,7000-5,300