Third Point Reinsurance is a holding company. Through its reinsurance subsidiaries, Co. provides property and casualty reinsurance coverage to insurance and reinsurance companies. Substantially all of Co.'s investable assets are managed by its investment manager, Third Point LLC. Co. has one operating segment: Property and Casualty Reinsurance, which provides reinsurance products to insurance and reinsurance companies, government entities, and other risk bearing vehicles. In addition, Co. writes contracts on both a prospective basis and a retroactive basis. We show 30 historical shares outstanding datapoints in our TPRE shares outstanding history coverage, used to compute TPRE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TPRE market cap history over the course of time is important for investors
interested in comparing TPRE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TPRE versus a peer is one thing; comparing
TPRE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TPRE can fluctuate over the course of history.
With this page we aim to empower investors researching TPRE by allowing them to research the TPRE market cap history. |
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Video: The Importance of Market Cap
