American Re Corporation reported a 2005 fourth-quarter net loss of $213.8 million, partially stemming from realized capital losses of $81.9 million and a tax charge.
The Princeton, N.J.-based subsidiary of Munich Re also reported a full-year net loss of $1.6 billion, primarily as a result of a $1.4 billion reserving charge in the second quarter, compared with net earnings of $103.1 million for 2004.
The fourth-quarter figure compares to a loss of $90.6 million for the same period in 2004.
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