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PartnerRe (PartnerRe) Effective Interest Rate on Debt % : 2.85% (As of Dec. 2020)


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What is PartnerRe Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. PartnerRe's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $55.72 Mil. PartnerRe's average total debt for the quarter that ended in Dec. 2020 was $1,953.02 Mil. Therefore, PartnerRe's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 2.85%.


PartnerRe Effective Interest Rate on Debt % Historical Data

The historical data trend for PartnerRe's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PartnerRe Effective Interest Rate on Debt % Chart

PartnerRe Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.49 3.03 3.00 2.85 2.32

PartnerRe Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.39 2.37 2.36 2.11 2.85

Competitive Comparison of PartnerRe's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, PartnerRe's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PartnerRe's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PartnerRe's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PartnerRe's Effective Interest Rate on Debt % falls into.



PartnerRe Effective Interest Rate on Debt % Calculation

PartnerRe's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -39.2/( (1398.054+1974.731)/ 2 )
=-1  *  -39.2/1686.3925
=2.32 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1398.054 + 0
=1398.054

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1974.731 + 0
=1974.731

PartnerRe's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2020 )+Total Debt  (Q: Dec. 2020 ))/ count )
=-1  *  -55.716/( (1931.311+1974.731)/ 2 )
=-1  *  -55.716/1953.021
=2.85 %

where

Total Debt  (Q: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1931.311 + 0
=1931.311

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1974.731 + 0
=1974.731

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


PartnerRe  (NYSE:PREpJ.PFD) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


PartnerRe Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of PartnerRe's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


PartnerRe (PartnerRe) Business Description

Industry
Comparable Companies
Traded in Other Exchanges
N/A
Address
90 Pitts Bay Road, Wellesley House South, Pembroke, BMU, HM 08
PartnerRe Ltd is a Bermuda-based holding company for international reinsurance groups, including Partner Reinsurance Company, Partner Reinsurance Europe SE, Partner Reinsurance Company of the U.S., and Partner Reinsurance Asia. PartnerRe reinsures risks include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity, accident and health, and alternative risk products. It operates through the following segments the P&C segment, the Specialty segment under the non-life division, and the Life and Health segment. PartnerRe derives the majority of its revenue from the non-life business division.
Executives
Debra J Perry director 515 RIDGEWOOD AVENUE, GLEN RIDGE NJ 07028
Greg Fook-hin Seow director 33 ROCHESTER DRIVE, #33-03, SINGAPORE U0 138638
Roberto G Mendoza director C/O JP MORGAN & CO INCORPORATED, 60 WALL STREET, NEW YORK NY 10260
David K Zwiener director
Egbert P Willam director WILHELM-VON-CAPITAINE-STR. 5, COLOGNE 2M D-50858
Theodore C Walker officer: President & CEO, PartnerRe NA WELLESLEY HOUSE SOUTH,, 90 PITTS BAY ROAD, PEMBROKE D0 HM08
Marvin Pestcoe officer: CEO of PartnerRe CMG ONE GREENWICH PLAZA, GREENWICH CT 06830-6352
Emmanuel Clarke officer: CEO, PartnerRe Global BELLERIVESTRASSE 36, ZURICH V8 8034
David Outtrim officer: Chief Accounting Officer WELLESLEY HOUSE SOUTH, 90 PITTS BAY ROAD, 5TH FLOOR, PEMBROKE D0 HM 09
William Babcock officer: EVP & CFO, PartnerRe Ltd. C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVE., WEST BUILDING, WHITE PLAINS NY 10604
Miranthis Constantinos officer: Chief Actuarial Officer C/O PARTNERRE LTD., WELLESLEY HOUSE, SOUTH, 90 PITTS BAY ROAD, PEMBROKE D0 HM08
Judith Hanratty director C/O PARTNERRE LTD, WELLESLEY HOUSE SOUTH, 90 PITTS BAY ROAD, PEMBROKE D0 HM08
Laurie Desmet officer: Chief Accounting Officer C/O PARTNERRE LTD, WELLESLEY HOUSE SOUTH, 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Scott D Moore officer: CEO PartnerRe US PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
Albert Benchimol officer: EVP & Chief Financial Officer AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08

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