XML 138 R104.htm IDEA: XBRL DOCUMENT v3.3.1.900
Unaudited Quarterly Financial Information Unaudited Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]                      
Net premiums written $ 1,064,000 $ 1,190,000 $ 1,322,000 $ 1,653,000 $ 1,220,000 $ 1,343,000 $ 1,419,000 $ 1,738,000 $ 5,229,548 $ 5,719,884 $ 5,396,526
Net premiums earned 1,294,000 1,412,000 1,328,000 1,235,000 1,446,000 1,557,000 1,353,000 1,254,000 5,269,178 5,609,195 5,198,210
Net investment income 108,000 117,000 120,000 105,000 115,000 118,000 130,000 117,000 449,784 479,696 484,367
Net realized and unrealized investment (losses) gains (24,000) (133,000) (256,000) 116,000 98,000 (34,000) 166,000 142,000 (297,479) 371,796 (160,735)
Other income 1,000 3,000 0 4,000 4,000 2,000 9,000 0 9,144 16,190 16,565
Total revenues 1,379,000 1,399,000 1,192,000 1,460,000 1,663,000 1,643,000 1,658,000 1,513,000 5,430,627 6,476,877 5,538,407
Losses and loss expenses and life policy benefits 767,000 804,000 865,000 721,000 870,000 960,000 884,000 749,000 3,157,420 3,462,770 3,157,808
Acquisition costs 311,000 347,000 283,000 276,000 325,000 322,000 303,000 265,000 1,217,003 1,213,822 1,077,628
Other expenses 120,000 416,000 130,000 125,000 123,000 108,000 107,000 111,000 790,723 449,688 500,466
Interest expense 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 48,988 48,963 48,929
Amortization of intangible assets 6,000 7,000 7,000 7,000 6,000 7,000 7,000 7,000 26,593 27,486 27,180
Net foreign exchange (gains) losses (6,000) 22,000 6,000 (13,000) (7,000) (8,000) (2,000) 0 9,461 (18,201) 18,203
Total expenses 1,210,000 1,608,000 1,303,000 1,128,000 1,329,000 1,401,000 1,311,000 1,144,000 5,250,188 5,184,528 4,830,214
Income (loss) before taxes and interest in earnings (losses) of equity method investments 169,000 (209,000) (111,000) 332,000 334,000 242,000 347,000 369,000 180,439 1,292,349 708,193
Income tax (benefit) expense (3,000) 17,000 (14,000) 80,000 53,000 46,000 78,000 62,000 79,664 239,506 48,416
Interest in earnings (losses) of equity method investments 5,000 (3,000) 8,000 (4,000) (1,000) 5,000 5,000 6,000 6,375 15,270 13,665
Net income (loss) 177,000 (229,000) (89,000) 248,000 280,000 201,000 274,000 313,000 107,150 1,068,113 673,442
Net income attributable to noncontrolling interests 0 0 0 (2,000) (3,000) (5,000) (2,000) (3,000) (2,769) (13,139) (9,434)
Net income (loss) attributable to PartnerRe Ltd. 177,000 (229,000) (89,000) 246,000 277,000 196,000 272,000 310,000 104,381 1,054,974 664,008
Preferred dividends 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 56,735 56,735 57,861
Net income (loss) attributable to PartnerRe Ltd. common shareholders $ 163,000 $ (243,000) $ (103,000) $ 232,000 $ 263,000 $ 182,000 $ 258,000 $ 296,000 $ 47,646 $ 998,239 $ 597,012
Basic net income (loss) per common share $ 3.39 $ (5.08) $ (2.16) $ 4.88 $ 5.39 $ 3.68 $ 5.13 $ 5.72 $ 1.00 $ 19.96 $ 10.78
Diluted net income (loss) per common share 3.30 (5.08) (2.16) 4.76 5.26 3.60 5.02 5.61 0.97 [1] 19.51 [1] 10.58 [1]
Dividends declared per common share $ 0.70 $ 0.70 $ 0.70 $ 0.70 $ 0.67 $ 0.67 $ 0.67 $ 0.67 $ 2.80 $ 2.68 $ 2.56
[1] Where the exercise price of share based awards is greater than the average market price of the common shares, the common shares are considered anti-dilutive and are excluded from the calculation of weighted average number of common shares and common share equivalents outstanding - diluted.