SCHEDULE II - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

PartnerRe Ltd.

Condensed Balance Sheets—Parent Company Only

(Expressed in thousands of U.S. dollars, except parenthetical share and per share data)

	December 31, 2014			December 31, 2013
Assets
Cash and cash equivalents	$	371		$	1,286
Investments in subsidiaries	8,242,199			8,170,653
Intercompany loans and balances receivable	675,408			730,450
Other	2,476			3,961
Total assets	$	8,920,454		$	8,906,350
Liabilities
Intercompany loans and balances payable (1)	$	1,845,690		$	2,175,401
Accounts payable, accrued expenses and other	25,854			21,417
Total liabilities	1,871,544			2,196,818
Shareholders’ Equity
Common shares (par value $1.00; issued: 2014, 87,237,220 shares; 2013, 86,657,045 shares)	87,237			86,657
Preferred shares (par value $1.00; issued and outstanding: 2014 and 2013: 34,150,000 shares; aggregate liquidation value: 2014 and 2013: $853,750)	34,150			34,150
Additional paid-in capital	3,949,665			3,901,627
Accumulated other comprehensive loss	(34,083		)	(12,238		)
Retained earnings	6,270,811			5,406,797
Common shares held in treasury, at cost (2014, 39,400,936shares; 2013, 34,213,611 shares)	(3,258,870		)	(2,707,461		)
Total shareholders’ equity attributable to PartnerRe Ltd.	7,048,910			6,709,532
Total liabilities and shareholders’ equity attributable to PartnerRe Ltd.	$	8,920,454		$	8,906,350

(1) The parent has fully and unconditionally guaranteed on a subordinated basis all obligations of PartnerRe Finance II Inc., an indirect 100% owned finance subsidiary of the parent, related to the remaining $63.4 million aggregate principal amount of 6.440% Fixed-to-Floating Rate Junior Subordinated Capital Efficient Notes (CENts). The parent’s obligations under this guarantee are unsecured and rank junior in priority of payments to the parent’s Senior Notes.

The parent has fully and unconditionally guaranteed all obligations of PartnerRe Finance A and PartnerRe Finance B, indirect 100% owned finance subsidiaries of the parent, related to the issuance of $250 million aggregate principal amount of 6.875% Senior Notes and $500 million aggregate principal amount of 5.500% Senior Notes. The parent’s obligations under these guarantees are senior and unsecured and rank equally with all other senior unsecured indebtedness of the parent.

PartnerRe Ltd.

Condensed Statements of Operations and Comprehensive Income—Parent Company Only

(Expressed in thousands of U.S. dollars)

	For the year ended December 31, 2014			For the year ended December 31, 2013			For the year ended December 31, 2012
Revenues
Net investment income	$	—		$	18		$	1,152
Interest income on intercompany loans	14,669			11,039			—
Net realized and unrealized investment gains	—			—			2,208
Total revenues	14,669			11,057			3,360
Expenses
Other expenses	58,076			91,800			82,137
Interest expense on intercompany loans	1,696			1,867			730
Net foreign exchange (gains) losses	(3,192		)	9,895			1,085
Total expenses	56,580			103,562			83,952
Loss before equity in net income of subsidiaries	(41,911		)	(92,505		)	(80,592		)
Equity in net income of subsidiaries	1,096,885			756,513			1,215,106
Net income attributable to PartnerRe Ltd.	1,054,974			664,008			1,134,514
Preferred dividends	56,735			57,861			61,622
Loss on redemption of preferred shares	—			9,135			—
Net income attributable to PartnerRe Ltd. common shareholders	$	998,239		$	597,012		$	1,072,892
Comprehensive income
Net income attributable to PartnerRe Ltd.	$	1,054,974		$	664,008		$	1,134,514
Total other comprehensive (loss) income, net of tax	(21,845		)	(22,835		)	23,241
Comprehensive income attributable to PartnerRe Ltd.	$	1,033,129		$	641,173		$	1,157,755

PartnerRe Ltd.

Condensed Statements of Cash Flows—Parent Company Only

(Expressed in thousands of U.S. dollars)

	For the year ended December 31, 2014			For the year ended December 31, 2013			For the year ended December 31, 2012
Cash flows from operating activities
Net income attributable to PartnerRe Ltd.	$	1,054,974		$	664,008		$	1,134,514
Adjustments to reconcile net income to net cash used in operating activities:
Equity in net income of subsidiaries	(1,096,885		)	(756,513		)	(1,215,106		)
Other, net	33,598			27,397			30,573
Net cash used in operating activities	(8,313		)	(65,108		)	(50,019		)
Cash flows from investing activities
Advances to/from subsidiaries, net	(12,635		)	666,444			190,017
Net issue of intercompany loans receivable and payable	2,500			14,473			132,797
Sales and redemptions of fixed maturities	—			—			184,516
Sales and redemptions of short-term investments	—			—			8,543
Dividends received from subsidiaries	—			—			200,000
Other, net	60			196			775
Net cash (used in) provided by investing activities	(10,075		)	681,113			716,648
Cash flows from financing activities
Cash dividends paid to common and preferred shareholders (2)	—			(103,311		)	(217,615		)
Repurchase of common shares (2)	—			(546,617		)	(504,991		)
Issuance of common shares, net of taxes paid	16,785			51,111			34,323
Net proceeds from issuance of preferred shares	—			241,265			—
Redemption of preferred shares	—			(290,000		)	—
Net cash provided by (used in) financing activities	16,785			(647,552		)	(688,283		)
Effect of foreign exchange rate changes on cash	688			2,461			297
Decrease in cash and cash equivalents	(915		)	(29,086		)	(21,357		)
Cash and cash equivalents—beginning of year	1,286			30,372			51,729
Cash and cash equivalents—end of year	$	371		$	1,286		$	30,372
Supplemental cash flow information:
Interest paid	$	—		$	1,528		$	579

(1) The parent received non-cash dividends from its subsidiaries of $833 million, $1,100 million and $200 million for the years ended December 31, 2014, 2013 and 2012, respectively, which have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.

(2) During the years ended December 31, 2014 and 2013, dividends paid to common and preferred shareholders of $191 million and $97 million, respectively, and the repurchase of common shares of $547 million and $169 million, respectively, were paid by a subsidiary on behalf of the parent and have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.