XML 141 R106.htm IDEA: XBRL DOCUMENT v2.4.1.9
SCHEDULE II - Condensed Statements of Operations - Parent Company Only (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues                      
Net investment income $ 115,000us-gaap_InvestmentIncomeNet $ 118,000us-gaap_InvestmentIncomeNet $ 130,000us-gaap_InvestmentIncomeNet $ 117,000us-gaap_InvestmentIncomeNet $ 114,000us-gaap_InvestmentIncomeNet $ 122,000us-gaap_InvestmentIncomeNet $ 125,000us-gaap_InvestmentIncomeNet $ 124,000us-gaap_InvestmentIncomeNet $ 479,696us-gaap_InvestmentIncomeNet $ 484,367us-gaap_InvestmentIncomeNet $ 571,338us-gaap_InvestmentIncomeNet
Net realized and unrealized investment gains 98,000us-gaap_GainLossOnInvestments (34,000)us-gaap_GainLossOnInvestments 166,000us-gaap_GainLossOnInvestments 142,000us-gaap_GainLossOnInvestments 99,000us-gaap_GainLossOnInvestments 16,000us-gaap_GainLossOnInvestments (299,000)us-gaap_GainLossOnInvestments 23,000us-gaap_GainLossOnInvestments 371,796us-gaap_GainLossOnInvestments (160,735)us-gaap_GainLossOnInvestments 493,409us-gaap_GainLossOnInvestments
Total revenues 1,663,000us-gaap_Revenues 1,643,000us-gaap_Revenues 1,658,000us-gaap_Revenues 1,513,000us-gaap_Revenues 1,637,000us-gaap_Revenues 1,564,000us-gaap_Revenues 1,039,000us-gaap_Revenues 1,298,000us-gaap_Revenues 6,476,877us-gaap_Revenues 5,538,407us-gaap_Revenues 5,562,606us-gaap_Revenues
Expenses                      
Other expenses 123,000us-gaap_OtherExpenses 108,000us-gaap_OtherExpenses 107,000us-gaap_OtherExpenses 111,000us-gaap_OtherExpenses 131,000us-gaap_OtherExpenses 108,000us-gaap_OtherExpenses 145,000us-gaap_OtherExpenses 116,000us-gaap_OtherExpenses 449,688us-gaap_OtherExpenses 500,466us-gaap_OtherExpenses 411,374us-gaap_OtherExpenses
Net foreign exchange (gains) losses (7,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (8,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (2,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 0us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 8,000us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 1,000us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 11,000us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (2,000)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (18,201)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 18,203us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 175us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Net income attributable to PartnerRe Ltd. 277,000us-gaap_NetIncomeLoss 196,000us-gaap_NetIncomeLoss 272,000us-gaap_NetIncomeLoss 310,000us-gaap_NetIncomeLoss 272,000us-gaap_NetIncomeLoss 334,000us-gaap_NetIncomeLoss (175,000)us-gaap_NetIncomeLoss 234,000us-gaap_NetIncomeLoss 1,054,974us-gaap_NetIncomeLoss 664,008us-gaap_NetIncomeLoss 1,134,514us-gaap_NetIncomeLoss
Preferred dividends 14,000us-gaap_DividendsPreferredStock 14,000us-gaap_DividendsPreferredStock 14,000us-gaap_DividendsPreferredStock 14,000us-gaap_DividendsPreferredStock 14,000us-gaap_DividendsPreferredStock 14,000us-gaap_DividendsPreferredStock 15,000us-gaap_DividendsPreferredStock 15,000us-gaap_DividendsPreferredStock 56,735us-gaap_DividendsPreferredStock 57,861us-gaap_DividendsPreferredStock 61,622us-gaap_DividendsPreferredStock
Loss on redemption of preferred shares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 9,000pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares 9,135pre_LossOnRedemptionOfPreferredShares 0pre_LossOnRedemptionOfPreferredShares
Net income attributable to PartnerRe Ltd. common shareholders 263,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 182,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 258,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 296,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 258,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 320,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (190,000)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 210,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 998,239us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 597,012us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 1,072,892us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Comprehensive income                      
Net income attributable to PartnerRe Ltd. 277,000us-gaap_NetIncomeLoss 196,000us-gaap_NetIncomeLoss 272,000us-gaap_NetIncomeLoss 310,000us-gaap_NetIncomeLoss 272,000us-gaap_NetIncomeLoss 334,000us-gaap_NetIncomeLoss (175,000)us-gaap_NetIncomeLoss 234,000us-gaap_NetIncomeLoss 1,054,974us-gaap_NetIncomeLoss 664,008us-gaap_NetIncomeLoss 1,134,514us-gaap_NetIncomeLoss
Total other comprehensive (loss) income, net of tax                 (21,845)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent (22,835)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 23,241us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Comprehensive income attributable to PartnerRe Ltd.                 1,033,129us-gaap_ComprehensiveIncomeNetOfTax 641,173us-gaap_ComprehensiveIncomeNetOfTax 1,157,755us-gaap_ComprehensiveIncomeNetOfTax
Parent Company [Member]                      
Revenues                      
Net investment income                 0us-gaap_InvestmentIncomeNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
18us-gaap_InvestmentIncomeNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,152us-gaap_InvestmentIncomeNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Interest income on intercompany loans                 14,669us-gaap_InterestIncomeRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,039us-gaap_InterestIncomeRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_InterestIncomeRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net realized and unrealized investment gains                 0us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,208us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total revenues                 14,669us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,057us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,360us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Expenses                      
Other expenses                 58,076us-gaap_OtherExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
91,800us-gaap_OtherExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
82,137us-gaap_OtherExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Interest expense on intercompany loans                 1,696us-gaap_InterestExpenseRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,867us-gaap_InterestExpenseRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
730us-gaap_InterestExpenseRelatedParty
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net foreign exchange (gains) losses                 (3,192)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,895us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,085us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total expenses                 56,580us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
103,562us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
83,952us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Loss before equity in net income of subsidiaries                 (41,911)pre_IncomeLossBeforeEquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(92,505)pre_IncomeLossBeforeEquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(80,592)pre_IncomeLossBeforeEquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity in net income of subsidiaries                 1,096,885pre_EquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
756,513pre_EquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,215,106pre_EquityInNetIncomeOfSubsidiaries
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net income attributable to PartnerRe Ltd.                 1,054,974us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
664,008us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,134,514us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Preferred dividends                 56,735us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
57,861us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
61,622us-gaap_DividendsPreferredStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Loss on redemption of preferred shares                 0pre_LossOnRedemptionOfPreferredShares
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,135pre_LossOnRedemptionOfPreferredShares
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0pre_LossOnRedemptionOfPreferredShares
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net income attributable to PartnerRe Ltd. common shareholders                 998,239us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
597,012us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,072,892us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Comprehensive income                      
Net income attributable to PartnerRe Ltd.                 1,054,974us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
664,008us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,134,514us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total other comprehensive (loss) income, net of tax                 (21,845)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(22,835)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
23,241us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Comprehensive income attributable to PartnerRe Ltd.                 $ 1,033,129us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 641,173us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 1,157,755us-gaap_ComprehensiveIncomeNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember