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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Fixed maturities, at fair value (amortized cost: 2016, $12,668,635; 2015, $13,313,819) $ 13,020,014 $ 13,448,262
Short-term investments, at fair value (amortized cost: 2016, $33,536; 2015, $46,689) 33,555 46,688
Equities, at fair value (cost: 2016, $326,909; 2015, $418,428) 324,427 443,861
Other invested assets 458,709 399,204
Total investments 13,836,705 14,338,015
Funds held – directly managed (cost: 2016, $572,550; 2015, $537,661) 579,571 539,743
Cash and cash equivalents 1,749,851 1,577,097
Accrued investment income 134,735 141,672
Reinsurance balances receivable 2,964,950 2,428,020
Reinsurance recoverable on paid and unpaid losses 300,731 282,916
Funds held by reinsured companies 685,564 657,815
Deferred acquisition costs 691,117 629,372
Deposit assets 82,018 88,152
Net tax assets 82,405 102,596
Goodwill 456,380 456,380
Intangible assets 126,423 133,011
Other assets 265,013 31,254
Total assets 21,955,463 21,406,043
Liabilities    
Unpaid losses and loss expenses 9,331,087 9,064,711
Policy benefits for life and annuity contracts 2,089,055 2,051,935
Unearned premiums 2,086,332 1,644,757
Other reinsurance balances payable 293,342 246,089
Deposit liabilities 33,506 44,420
Net tax liabilities 197,973 218,652
Accounts payable, accrued expenses and other 192,994 411,539
Debt related to senior notes 750,000 750,000
Debt related to capital efficient notes 70,989 70,989
Total liabilities 15,045,278 14,503,092
Shareholders’ Equity    
Common shares (par value $1.00; issued: 2016, 1 share and 2015, 87,237,220 shares) (1) 0 [1] 87,237
Preferred shares (par value $1.00; issued and outstanding: 2016 and 2015, 34,150,000 shares; aggregate liquidation value: 2016 and 2015, $853,750) 34,150 34,150
Additional paid-in capital 2,537,359 3,982,147
Accumulated other comprehensive loss (63,192) (83,283)
Retained earnings 4,401,868 6,146,802
Common shares held in treasury, at cost (2016, nil shares; 2015, 39,303,068 shares) 0 (3,266,552)
Total shareholders’ equity attributable to PartnerRe Ltd. 6,910,185 6,900,501
Noncontrolling interests 0 2,450
Total shareholders’ equity 6,910,185 6,902,951
Total liabilities and shareholders’ equity $ 21,955,463 $ 21,406,043
[1] On March 18, 2016, EXOR S.p.A. acquired 100% ownership of the Company’s common shares pursuant to the terms of a Merger Agreement (acquisition). All common shares issued and outstanding and all treasury shares held immediately prior to the acquisition were canceled and one common share of $1.00 par value was issued (see Note 1 to the Condensed Consolidated Financial Statements for further details).