This net charge, which equates to a pre-tax charge of $85 million, includes premiums, losses, commissions, brokerage and fees related to all agriculture business written in the company’s North American sub-segment, and also reverses any prior profit recognition during the year.PartnerRe expects full-year 2012 underwriting year premiums for this portfolio to be approximately $200 million with losses of $255 million.It also expects to record no net profit or loss during the fourth quarter related to this portfolio, assuming current ultimate loss estimates remain unchanged.The company noted that loss estimates are subject to uncertainty as crop yields are not finalised given the harvest is not yet completed. Estimates are further uncertain given commodity prices that will be used for calculating loss of revenue products will be established in the future and may differ from current estimates.In a statement, the company said there were “no other individual loss events that occurred during the third quarter which were in excess of $35 million and, in the aggregate, other large loss experience was below average expectations”.PartnerRe Ltd. is scheduled to release third-quarter and nine-month 2012 results following the market close on Monday, October 29.