Montpelier Re Reports Q4 EPS of $0.81 vs. $0.75

Montpelier Re Holdings Ltd.

today reported financial results for the fourth quarter and full year ended December 31, 2010. Operating income for the quarter was $0.81 per share ($54 million) and comprehensive income was $0.62 per share ($42 million). The net impact of realized and unrealized losses from investments and foreign exchange, which is included in comprehensive income, was $12 million. Net investment income for the fourth quarter of 2010 was $17 million, down from $21 million reported a year ago and $19 million last quarter. The total return on the investment portfolio was flat for the quarter and 4.4% for the year.