Partnerre Ltd. (PREJF) intrinsic value & 10-year financials

Partnerre Ltd. (PREJF) has a Graham intrinsic value of $32.22 per share. At $15.50 on Oct 17, 2026, the stock trades 52% below that value. Over the last 9 fiscal years revenue grew 4.5% a year to $5.4B, with an average return on invested capital of 9.3%.

Graham intrinsic value
$32.22
Share price (Oct 17, 2026)
$15.50
Price vs Graham value
52% below
Market cap
$758.6M
Revenue (FY2015)
$5.4B
Revenue growth (9-yr CAGR)
4.5%
ROIC (10-yr avg)
9.3%
Free cash flow (FY2015)
—

PREJF 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2015 $5.4B $104.4M $0.97 — — 1.5%
FY2014 $6.5B $1.1B $19.51 — — 15.3%
FY2013 $5.5B $664.0M $10.58 — — 9.7%
FY2012 $5.6B $1.1B $16.87 — — 16.9%
FY2011 $5.4B -$520.3M -$8.40 — — -7.6%
FY2010 $5.9B $852.6M $10.46 — — 11.5%
FY2009 $5.4B $1.5B $23.51 — — 25.9%
FY2008 $4.0B $46.6M $0.22 — — 1.1%
FY2007 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

PARTNERRE LTD revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

PARTNERRE LTD returns on capital have been average, hovering around 9.3% ROIC over the decade.

PARTNERRE LTD capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, PARTNERRE LTD is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $32.22 per share.

PREJF stock: frequently asked questions

What is the intrinsic value of Partnerre Ltd. (PREJF) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, PREJF's intrinsic value is about $32.22 per share.

Is PREJF stock undervalued?

At $15.50 (close on Oct 17, 2026), PREJF trades 52% below its Graham value of $32.22. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is PREJF's return on invested capital?

Average ROIC over the last 9 fiscal years was 9.3%, and average return on equity was 9.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PREJF data come from?

From Partnerre Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Mar 25, 2024. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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