XML 115 R100.htm IDEA: XBRL DOCUMENT v3.22.0.1
SCHEDULE II - Condensed Balance Sheets - Parent Company Only (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2021
May 03, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Nov. 30, 2006
Assets              
Fixed maturities, at fair value (amortized cost: 2021, $85,811; 2020, $517,294) $ 14,071,274   $ 12,786,380        
Other assets 208,652   174,193        
Total assets 28,029,871   26,898,575        
Liabilities              
Accounts payable, accrued expenses and other 560,561   612,069        
Total liabilities 20,485,885   19,571,578        
Liabilities and Equity              
Common shares (par value $0.00000001; issued and outstanding: 100,000,000 shares) 0   0        
Preferred shares (par value $1.00; issued and outstanding: 2021, 8,000,000 shares; 2020, 25,489,636 shares; aggregate liquidation value: 2021, $200,000; 2020, $637,241) 8,000   25,490        
Additional paid-in capital 1,929,934   2,334,564        
Accumulated other comprehensive loss (29,706)   (96,005)        
Retained earnings 5,635,758   5,062,948        
Total shareholders’ equity 7,543,986   7,326,997   $ 7,270,169    
Total liabilities and shareholders’ equity 28,029,871   26,898,575        
Other information              
Amortized cost of trading securities, debt $ 14,181,310   $ 12,341,937        
Common shares, par value $ 0.00000001   $ 0.00000001        
Common shares, shares issued 100,000,000   100,000,000        
Preferred shares, par value per share $ 1.00   $ 1.00        
Preferred shares, shares issued 8,000,000   25,489,636        
Preferred shares, shares outstanding 8,000,000   25,489,636        
Aggregate liquidation preference $ 200,000 $ 637,000 $ 637,241        
Junior Subordinated Debt [Member] | Notes Issued By PartnerRe Finance II Inc              
Other information              
Commitment 62,484   62,000       $ 250,000
Junior Subordinated Debt [Member] | Notes Issued By PartnerRe Finance B LLC              
Other information              
Stated interest rate of debt instrument       4.50%      
Commitment       $ 500,000      
Parent Company              
Assets              
Fixed maturities, at fair value (amortized cost: 2021, $85,811; 2020, $517,294) 85,111   519,967        
Cash and cash equivalents 1,988   10,020   $ 4,512 $ 1,081  
Investment in subsidiaries 9,757,268   9,291,985        
Intercompany loans and balances receivable 24,834   21,559        
Other assets 19,906   11,443        
Total assets 9,889,107   9,854,974        
Liabilities              
Intercompany loans and balances payable [1] 2,297,350   2,490,500        
Accounts payable, accrued expenses and other 47,771   37,477        
Total liabilities 2,345,121   2,527,977        
Liabilities and Equity              
Common shares (par value $0.00000001; issued and outstanding: 100,000,000 shares) 0   0        
Preferred shares (par value $1.00; issued and outstanding: 2021, 8,000,000 shares; 2020, 25,489,636 shares; aggregate liquidation value: 2021, $200,000; 2020, $637,241) 8,000   25,490        
Additional paid-in capital 1,929,934   2,334,564        
Accumulated other comprehensive loss (29,706)   (96,005)        
Retained earnings 5,635,758   5,062,948        
Total shareholders’ equity 7,543,986   7,326,997        
Total liabilities and shareholders’ equity 9,889,107   9,854,974        
Other information              
Amortized cost of trading securities, debt $ 85,811   $ 517,294        
Common shares, par value $ 0.00000001   $ 0.00000001        
Common shares, shares issued 100,000,000   100,000,000        
Preferred shares, par value per share $ 1.00   $ 1.00        
Preferred shares, shares issued 8,000,000   25,489,636        
Preferred shares, shares outstanding 8,000,000   25,489,636        
Aggregate liquidation preference $ 200,000   $ 637,241        
Subsidiary Issuer | Junior Subordinated Debt [Member] | Notes Issued By PartnerRe Finance II Inc              
Other information              
Stated interest rate of debt instrument 6.44%            
Aggregate principal amount of guarantee obligations $ 62,000            
Subsidiary Issuer | Junior Subordinated Debt [Member] | Notes Issued By PartnerRe Finance B LLC              
Other information              
Stated interest rate of debt instrument 4.50%            
Commitment $ 500,000            
Subsidiary Issuer | PartnerRe Finance B LLC              
Other information              
Percentage ownership 100.00%            
Subsidiary Issuer | PartnerRe Finance B LLC | Senior Notes | 3.7% notes maturing 2029 Issued By PartnerRe Finance B LLC              
Other information              
Stated interest rate of debt instrument 3.70%            
Subsidiary Issuer | PartnerRe Finance Ireland DAC              
Other information              
Percentage ownership 100.00%            
Subsidiary Issuer | PartnerRe Finance Ireland DAC | Senior Notes | 2016 Euro Senior Notes              
Other information              
Stated interest rate of debt instrument 1.25%            
Subsidiary Issuer | PartnerRe Finance II Inc              
Other information              
Percentage ownership 100.00%            
[1] The parent has fully and unconditionally guaranteed all obligations of PartnerRe Finance B LLC and PartnerRe Finance Ireland DAC, a direct 100% owned subsidiary of the parent, related to the issuance of the 3.700% senior notes and 1.250% senior notes, respectively. The parent’s obligations under these guarantees are senior and unsecured and rank equally with all other senior unsecured indebtedness of the parent.The parent has also fully and unconditionally guaranteed all obligations of PartnerRe Finance II Inc. and PartnerRe Finance B LLC, both indirect 100% owned finance subsidiaries of the parent, related to the remaining $62 million aggregate principal amount of 6.440% Fixed-to-Floating Rate junior subordinated CENts and $500 million aggregate principal amount of 4.500% Fixed-Rate Reset junior subordinated notes, respectively. The parent’s obligations under these guarantees are unsecured junior subordinated obligations and rank junior in right of payment to all of the parent's outstanding and future senior indebtedness, and equally in right of payment with all outstanding and future unsecured indebtedness that is by its terms equal in right of payment to the junior subordinated notes.