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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Gross premiums written $ 1,281,477 $ 1,056,076 $ 4,378,944 $ 3,786,802
Net premiums written 1,264,775 1,043,240 4,210,525 3,652,571
Decrease (increase) in unearned premiums 156,694 193,851 (433,740) (334,772)
Net premiums earned 1,421,469 1,237,091 3,776,785 3,317,799
Net investment income 121,811 135,266 370,017 435,669
Net realized and unrealized investment gains (losses) 16,118 257,429 (260,154) 488,296
Other income 5,399 2,744 13,205 8,143
Total revenues 1,564,797 1,632,530 3,899,853 4,249,907
Expenses        
Losses and loss expenses and life policy benefits 750,999 721,137 2,278,793 2,003,759
Acquisition costs 282,948 247,058 758,890 691,388
Other operating expenses 108,467 94,697 369,340 299,055
Interest expense 12,233 12,224 36,694 36,668
Amortization of intangible assets 7,045 8,893 21,136 26,679
Net foreign exchange losses (gains) 1,279 2,015 9,822 (3,165)
Total expenses 1,162,971 1,086,024 3,474,675 3,054,384
Income before taxes and interest in earnings of equity investments 401,826 546,506 425,178 1,195,523
Income tax expense 70,232 64,149 37,338 181,458
Interest in earnings of equity investments 5,941 4,349 9,677 8,929
Net income 337,535 486,706 397,517 1,022,994
Net income attributable to noncontrollong interests (4,112) 0 (5,296) 0
Net income attributable to PartnerRe Ltd. 333,423 486,706 392,221 1,022,994
Preferred dividends 14,184 15,405 43,678 46,216
Loss on redemption of preferred shares 0 0 9,135 0
Net income attributable to PartnerRe Ltd. common shareholders 319,239 471,301 339,408 976,778
Comprehensive income        
Net income attributable to PartnerRe Ltd. 333,423 486,706 392,221 1,022,994
Change in currency translation adjustment 14,432 32,992 (16,912) 31,042
Change in unfunded pension obligation, net of tax 114 (590) 980 (165)
Change in unrealized losses on investments (229) (237) (692) (718)
Total other comprehensive income (loss), net of tax 14,317 32,165 (16,624) 30,159
Comprehensive income attributable to PartnerRe Ltd. $ 347,740 $ 518,871 $ 375,597 $ 1,053,153
Per share data attributable to PartnerRe common shareholders        
Basic net income $ 5.95 $ 7.62 $ 6.04 $ 15.34
Diluted net income $ 5.84 $ 7.53 $ 5.93 $ 15.19
Weighted average number of common shares outstanding 53,671,245 61,837,328 56,176,260 63,679,114
Weighted average number of common shares and common share equivalents outstanding 54,625,151 62,606,761 57,217,561 64,284,125
Dividends declared per common share $ 0.64 $ 0.62 $ 1.92 $ 1.86