SCHEDULE II - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2013

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,
		2013		2012
Assets
Cash and cash equivalents, at fair value, which approximates amortized cost		$	1,286	$	30,372
Investments in subsidiaries			8,170,653		8,533,423
Intercompany loans and balances receivable			730,450		361,408
Other			3,961		4,283
Total assets		$	8,906,350	$	8,929,486
Liabilities
Intercompany loans and balances payable (1)		$	2,175,401	$	1,952,737
Accounts payable, accrued expenses and other			21,417		43,253
Total liabilities			2,196,818		1,995,990
Shareholders’ Equity
Common shares (par value $1.00; issued: 2013, 86,657,045 shares; 2012, 84,459,905 shares)			86,657		85,460
Preferred shares (par value $1.00; issued and outstanding: 2013, 34,150,000 shares;
	2012, 35,750,000 shares; aggregate liquidation value: 2013, $853,750; 2012, $893,750)		34,150		35,750
Additional paid-in capital			3,901,627		3,861,844
Accumulated other comprehensive (loss) income			(12,238)		10,597
Retained earnings			5,406,797		4,952,002
Common shares held in treasury, at cost (2013, 34,213,611 shares; 2012, 26,550,530 shares)			(2,707,461)		(2,012,157)
Total shareholders’ equity attributable to PartnerRe Ltd.			6,709,532		6,933,496
Total liabilities and shareholders’ equity attributable to PartnerRe Ltd.		$	8,906,350	$	8,929,486

(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,
	2013		2012		2011
Revenues
Net investment income	$	18	$	1,152	$	2,452
Interest income on intercompany loans		11,039		0		0
Net realized and unrealized investment gains		0		2,208		5,499
Total revenues		11,057		3,360		7,951
Expenses
Other operating expenses		91,800		82,137		76,690
Interest expense on intercompany loans		1,867		730		739
Net foreign exchange losses (gains)		9,895		1,085		(9,540)
Total expenses		103,562		83,952		67,889
Loss before equity in net income (loss) of subsidiaries		(92,505)		(80,592)		(59,938)
Equity in net income (loss) of subsidiaries		756,513		1,215,106		(460,353)
Net income (loss) attributable to PartnerRe Ltd.	$	664,008	$	1,134,514	$	(520,291)
Comprehensive income (loss)
Net income (loss) attributable to PartnerRe Ltd.	$	664,008	$	1,134,514	$	(520,291)
Total other comprehensive (loss) income, net of tax		(22,835)		23,241		(16,700)
Comprehensive income (loss) attributable to PartnerRe Ltd.	$	641,173	$	1,157,755	$	(536,991)

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,
		2013			2012			2011
Cash flows from operating activities
Net income (loss) attributable to PartnerRe Ltd.			$	664,008		$	1,134,514		$	(520,291)
Adjustments to reconcile net income (loss) to net cash used
	in operating activities:
Equity in net (income) loss of subsidiaries				(756,513)			(1,215,106)			460,353
Other, net				27,397			30,573			7,663
Net cash used in operating activities				(65,108)			(50,019)			(52,275)
Cash flows from investing activities
Advances to/from subsidiaries, net				666,444			190,017			3,511
Net issue of intercompany loans receivable and payable				14,473			132,797			379,676
Sales and redemptions of fixed maturities				0			184,516			446,452
Sales and redemptions of short-term investments				0			8,543			154,473
Purchases of short-term investments				0			0			(99,955)
Dividends received from subsidiaries				0			200,000			0
Investments in subsidiaries				0			0			(860,000)
Foreign exchange forward contracts				0			3			(6,750)
Other, net				196			772			2,408
Net cash provided by investing activities				681,113			716,648			19,815
Cash flows from financing activities
Cash dividends paid to common and preferred shareholders (2)				(103,311)			(217,615)			(205,784)
Repurchase of common shares (2)				(546,617)			(504,991)			(413,737)
Issuance of common shares				51,111			34,323			16,041
Net proceeds from issuance of preferred shares				241,265			0			361,722
Redemption of preferred shares				(290,000)			0			0
Net cash used in financing activities				(647,552)			(688,283)			(241,758)
Effect of foreign exchange rate changes on cash				2,461			297			(3,107)
Decrease in cash and cash equivalents			(29,086)			(21,357)			(277,325)
Cash and cash equivalents—beginning of year				30,372			51,729			329,054
Cash and cash equivalents—end of year			$	1,286		$	30,372		$	51,729
Supplemental cash flow information:
Interest paid			$	1,528		$	579		$	743

• The parent received non-cash dividends from its subsidiaries of $1,100million, $200million and $274 million for the years ended December 31, 2013, 2012 and 2011, respectively, which have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.
• During the year ended December 31, 2013, dividends paid to common and preferred shareholders of $97 million and the repurchase of common shares of $169 million were paid by a subsidiary on behalf of the parent and have been excluded from the Condensed Statements of Cash Flows—Parent Company Only.