PARTNERRE LTD earns about 8% on invested capital, with a roughly flat share count. The applicable estimate puts fair value near $76.42 a share. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|
| Revenue | $7.88B1 | $7.37B2 | $7.4B3 | $5.73B3 | $9.12B3 |
| Net income | $936.7M4 | $254.2M5 | $764.2M6 | −$939.8M6 | $2.32B6 |
| Operating cash flow | $998.9M7 | $1.12B8 | $1.23B9 | $1.47B9 | $2.24B9 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | $1.4B10 | $1.97B11 | $1.9B12 | $1.85B13 | $1.88B13 |
| Cash & equivalents | $1.48B14 | $2.35B15 | $660.9M15 | $1.25B15 | $1.1B15 |
| Diluted shares | 100.0M | 100.0M | 100.0M | 100.0M | 100.0M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on $842.44 of net worth that earned you $231.81 last year, against $188.36 of debt.
It earned an average 8% on invested capital over 5 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has risen 35% over the same window.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
assumptions (8)
- Risk-free rate (10Y Treasury)5.00%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Normalized earnings$764.2M
- Growth assumed0.0%
Different models answer different questions — which to trust when →
This page is free, and so is every other company on MeritValue.
Connect the MeritValue MCP server to Claude or another MCP client, ask about PARTNERRE LTD, and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow PREJF and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 20-F filed 2022-03-02 · period ending 2019-12-31 · accession 0000911421-22-000011 (Revenues)
- 20-F filed 2023-03-21 · period ending 2020-12-31 · accession 0000911421-23-000012 (Revenues)
- 20-F filed 2024-03-25 · periods ending 2021-12-31, 2022-12-31, 2023-12-31 · accession 0000911421-24-000018 (Revenues)
- 20-F filed 2022-03-02 · period ending 2019-12-31 · accession 0000911421-22-000011 (NetIncomeLoss)
- 20-F filed 2023-03-21 · period ending 2020-12-31 · accession 0000911421-23-000012 (NetIncomeLoss)
- 20-F filed 2024-03-25 · periods ending 2021-12-31, 2022-12-31, 2023-12-31 · accession 0000911421-24-000018 (NetIncomeLoss)
- 20-F filed 2022-03-02 · period ending 2019-12-31 · accession 0000911421-22-000011 (NetCashProvidedByUsedInOperatingActivities)
- 20-F filed 2023-03-21 · period ending 2020-12-31 · accession 0000911421-23-000012 (NetCashProvidedByUsedInOperatingActivities)
- 20-F filed 2024-03-25 · periods ending 2021-12-31, 2022-12-31, 2023-12-31 · accession 0000911421-24-000018 (NetCashProvidedByUsedInOperatingActivities)
- 20-F filed 2021-02-25 · period ending 2019-12-31 · accession 0000911421-21-000026 (LongTermDebt)
- 20-F filed 2022-03-02 · period ending 2020-12-31 · accession 0000911421-22-000011 (LongTermDebt)
- 20-F filed 2023-03-21 · period ending 2021-12-31 · accession 0000911421-23-000012 (LongTermDebt)
- 20-F filed 2024-03-25 · periods ending 2022-12-31, 2023-12-31 · accession 0000911421-24-000018 (LongTermDebt)
- 20-F filed 2020-03-02 · period ending 2019-12-31 · accession 0000911421-20-000007 (CashAndCashEquivalentsAtCarryingValue)
- 20-F filed 2024-03-25 · periods ending 2020-12-31, 2021-12-31, 2022-12-31, 2023-12-31 · accession 0000911421-24-000018 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)