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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Gross premiums written $ 631,846 $ 578,252 $ 641,620
Gross premiums ceded (9,265) (19,895) (2,475)
Net premiums written 622,581 558,357 639,145
Change in net unearned premium reserves 77,561 63,085 (92,087)
Net premiums earned 700,142 621,442 547,058
Investment income, net, related party investment fund 249,626 (280,847) 0
Net investment income before management and performance fees to related parties 32,934 59,259 522,664
Management and performance fees to related parties (1) 0 (29,845) (130,711)
Net investment income (loss) 282,560 (251,433) 391,953
Total revenues 982,702 370,009 939,011
Expenses      
Loss and loss adjustment expenses incurred, net 403,499 438,414 370,058
Acquisition costs, net 295,626 206,498 188,904
General and administrative expenses 53,763 36,241 53,103
Other expenses (16,619) (9,610) (12,674)
Interest expense 8,228 8,228 8,225
Foreign exchange (gains) losses (3,635) 7,503 (12,300)
Total expenses 781,370 691,488 645,264
Income (loss) before income tax (expense) benefit 201,332 (321,479) 293,747
Income tax (expense) benefit (713) 4,010 (11,976)
Net income (loss) 200,619 (317,469) 281,771
Net income attributable to noncontrolling interests in related party 0 (223) (3,973)
Net income (loss) available to Third Point Re common shareholders $ 200,619 $ (317,692) $ 277,798
Earnings (loss) per share available to Third Point Re common shareholders      
Basic (in dollars per share) $ 2.18 $ (3.27) $ 2.71
Diluted (in dollars per share) $ 2.16 $ (3.27) $ 2.64
Weighted average number of common shares used in the determination of earnings (loss) per share      
Basic (in shares) 91,835,990 97,054,315 102,264,094
Diluted (in shares) 92,652,316 97,054,315 105,227,038