SCHEDULE II - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2012

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

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

SCHEDULE II

PartnerRe Ltd.

Condensed Balance Sheets—Parent Company Only

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

		December 31,		December 31,
		2012		2011
Assets
Fixed maturities, trading securities, at fair value (amortized cost: 2012, $Nil; 2011, $178,674)		$	0	$	181,117
Short-term investments, trading securities, at fair value (amortized cost: 2012, $Nil; 2011, $8,463)			0		8,467
Cash and cash equivalents, at fair value, which approximates amortized cost			30,372		51,729
Investments in subsidiaries			8,533,423		7,693,969
Intercompany loans and balances receivable			361,408		350,265
Other			4,283		10,066
Total assets		$	8,929,486	$	8,295,613
Liabilities
Intercompany loans and balances payable (1)		$	1,952,737	$	1,815,049
Accounts payable, accrued expenses and other			43,253		13,022
Total liabilities			1,995,990		1,828,071
Shareholders’ Equity
Common shares (par value $1.00; issued: 2012, 84,459,905 shares; 2011, 84,766,693 shares)			85,460		84,767
Preferred shares (par value $1.00; issued and outstanding: 2012 and 2011, 35,750,000 shares;
	aggregate liquidation value: 2012 and 2011, $893,750)		35,750		35,750
Additional paid-in capital			3,861,844		3,803,796
Accumulated other comprehensive income (loss)			10,597		(12,644)
Retained earnings			4,952,002		4,035,103
Common shares held in treasury, at cost (2012, 26,550,530 shares; 2011, 19,444,365 shares)			(2,012,157)		(1,479,230)
Total shareholders’ equity			6,933,496		6,467,542
Total liabilities and shareholders’ equity		$	8,929,486	$	8,295,613

(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.

SCHEDULE II

PartnerRe Ltd.

Condensed Statements of Operations and Comprehensive Income (Loss)—Parent Company Only

(Expressed in thousands of U.S. dollars)

	For the year		For the year		For the year
	ended		ended		ended
	December 31,		December 31,		December 31,
	2012		2011		2010
Revenues
Net investment income	$	1,152	$	2,452	$	1,745
Net realized and unrealized investment gains (losses)		2,208		5,499		(3,884)
Total revenues		3,360		7,951		(2,139)
Expenses
Other operating expenses		82,137		76,690		92,361
Interest expense on intercompany loans		730		739		5,609
Interest expense		0		0		301
Net foreign exchange losses (gains)		1,085		(9,540)		17,244
Total expenses		83,952		67,889		115,515
Loss before equity in net income (loss) of subsidiaries		(80,592)		(59,938)		(117,654)
Equity in net income (loss) of subsidiaries		1,215,106		(460,353)		970,206
Net income (loss)	$	1,134,514	$	(520,291)	$	852,552
Comprehensive income (loss)
Net income (loss)	$	1,134,514	$	(520,291)	$	852,552
Total other comprehensive income (loss), net of tax		23,241		(16,700)		(80,871)
Comprehensive income (loss)	$	1,157,755	$	(536,991)	$	771,681

SCHEDULE II

PartnerRe Ltd.

Condensed Statements of Cash Flows—Parent Company Only

(Expressed in thousands of U.S. dollars)

		For the year		For the year		For the year
		ended		ended		ended
		December 31,		December 31,		December 31,
		2012		2011		2010
Cash flows from operating activities
Net income (loss)		$	1,134,514	$	(520,291)	$	852,552
Adjustments to reconcile net income (loss) to net cash used
	in operating activities:
Equity in net income (loss) of subsidiaries			(1,215,106)		460,353		(970,206)
Other, net			30,573		7,663		36,388
Net cash used in operating activities			(50,019)		(52,275)		(81,266)
Cash flows from investing activities
Sales and redemptions of fixed maturities			184,516		446,452		698,393
Sales and redemptions of short-term investments			8,543		154,473		69,489
Purchases of short-term investments			0		(99,955)		0
Advances to/from subsidiaries, net			190,017		3,511		697,019
Net issue of intercompany loans receivable and payable			132,797		379,676		380,771
Dividends received from subsidiaries			200,000		0		0
Investments in subsidiaries			0		(860,000)		0
Other, net			772		2,408		(4,283)
Foreign exchange forward contracts			3		(6,750)		3,528
Net cash provided by investing activities			716,648		19,815		1,844,917
Cash flows from financing activities
Cash dividends paid to shareholders			(217,615)		(205,784)		(192,156)
Repurchase of common shares			(504,991)		(413,737)		(1,065,121)
Issuance of common shares			34,323		16,041		37,682
Net proceeds from issuance of preferred shares			0		361,722		0
Repayment of debt			0		0		(200,000)
Contract fees on forward sale agreement			0		0		(2,638)
Net cash used in financing activities			(688,283)		(241,758)		(1,422,233)
Effect of foreign exchange rate changes on cash			297		(3,107)		(15,867)
(Decrease) increase in cash and cash equivalents			(21,357)		(277,325)		325,551
Cash and cash equivalents—beginning of year			51,729		329,054		3,503
Cash and cash equivalents—end of year		$	30,372	$	51,729	$	329,054
Supplemental cash flow information:
Interest paid		$	579	$	743	$	1,680

(1)       The parent received non-cash dividends from its subsidiaries of $200 million, $274 million and $500 million for the years ended December 31, 2012, 2011 and 2010, respectively, which have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.

(2)       During 2010, the parent sold a 100% owned subsidiary to another 100% owned subsidiary and received fixed maturities and short-term investments as partial settlement of certain intercompany loans receivable. These non-cash transactions have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.