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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Gross premiums written $ 1,340,582 $ 1,163,243 $ 3,097,467 $ 2,730,726
Net premiums written 1,309,318 1,136,046 2,945,750 2,609,331
Increase in unearned premiums (100,682) (45,168) (590,434) (528,623)
Net premiums earned 1,208,636 1,090,878 2,355,316 2,080,708
Net investment income 124,503 153,506 248,207 300,402
Net realized and unrealized investment (losses) gains 299,215 (38,132) 276,272 (230,867)
Other income 3,878 2,654 7,805 5,400
Total revenues 1,037,802 1,285,170 2,335,056 2,617,377
Expenses        
Losses and loss expenses and life policy benefits 866,843 706,137 1,527,794 1,282,623
Acquisition costs 241,743 232,723 475,942 444,330
Other operating expenses 144,833 106,184 260,874 204,358
Interest expense 12,232 12,223 24,460 24,443
Amortization of intangible assets 7,045 8,893 14,091 17,786
Net foreign exchange losses (gains) 10,584 (7,770) 8,543 (5,181)
Total expenses 1,283,280 1,058,390 2,311,704 1,968,359
(Loss) income before taxes and interest in (losses) earnings of equity investments (245,478) 226,780 23,352 649,018
Income tax (benefit) expense (74,569) 50,136 (32,894) 117,310
Interest in (losses) earnings of equity investments (3,479) (498) 3,736 4,579
Net (loss) income (174,388) 176,146 59,982 536,287
Net income attributable to noncontrollong interests (1,183) 0 (1,183) 0
Net (loss) income attributable to PartnerRe Ltd. (175,571) 176,146 58,799 536,287
Preferred dividends 14,796 15,405 29,494 30,811
Loss on redemption of preferred shares 0 0 9,135 0
Net (loss) income attributable to PartnerRe Ltd. common shareholders (190,367) 160,741 20,170 505,476
Comprehensive (loss) income        
Net (loss) income attributable to PartnerRe Ltd. (175,571) 176,146 58,799 536,287
Change in currency translation adjustment (11,514) (19,157) (31,344) (1,950)
Change in unfunded pension obligation, net of tax (130) 1,294 866 425
Change in unrealized lossess on investments (230) (239) (463) (481)
Total other comprehensive (loss) income, net of tax (11,874) (18,102) (30,941) (2,006)
Comprehensive (loss) income attributable to PartnerRe Ltd. $ (187,445) $ 158,044 $ 27,858 $ 534,281
Per share data attributable to PartnerRe common shareholders        
Basic net (loss) income $ (3.37) $ 2.52 $ 0.35 $ 7.82
Diluted net (loss) income $ (3.37) $ 2.50 $ 0.34 $ 7.76
Weighted average number of common shares outstanding 56,485,882 63,816,027 57,449,528 64,610,127
Weighted average number of common shares and common share equivalents outstanding 56,485,882 64,423,036 58,534,526 65,132,928
Dividends declared per common share $ 0.64 $ 0.62 $ 1.28 $ 1.24