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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Gross premiums written $ 1,871,740 $ 1,756,886
Net premiums written 1,738,494 1,636,431
Increase in unearned premiums (484,712) (489,751)
Net premiums earned 1,253,782 1,146,680
Net investment income 116,867 123,704
Net realized and unrealized investment gains 142,172 22,943
Other income 404 3,927
Total revenues 1,513,225 1,297,254
Expenses    
Losses and loss expenses and life policy benefits 749,457 660,952
Acquisition costs 264,608 234,200
Other operating expenses 111,462 116,040
Interest expense 12,238 12,229
Amortization of intangible assets 7,002 7,046
Net foreign exchange gains (670) (2,043)
Total expenses 1,144,097 1,028,424
Income before taxes and interest in earnings of equity method investments 369,128 268,830
Income tax expense 62,305 41,675
Interest in earnings of equity method investments 6,064 7,215
Net income 312,887 234,370
Net income attributable to noncontrolling interests (3,044) 0
Net income attributable to PartnerRe Ltd. 309,843 234,370
Preferred dividends 14,184 14,699
Loss on redemption of preferred shares 0 9,135
Net income attributable to PartnerRe Ltd. common shareholders 295,659 210,536
Comprehensive income    
Net income attributable to PartnerRe Ltd. 309,843 234,370
Change in currency translation adjustment (15,223) (19,830)
Change in unfunded pension obligation, net of tax (1) 996
Change in unrealized losses on investments, net of tax (225) (233)
Total other comprehensive loss, net of tax (15,449) (19,067)
Comprehensive income attributable to PartnerRe Ltd. $ 294,394 $ 215,303
Net income per common share    
Basic net income $ 5.72 $ 3.60
Diluted net income $ 5.61 $ 3.53
Weighted average number of common shares outstanding 51,652,177 58,423,898
Weighted average number of common shares and common share equivalents outstanding 52,727,573 59,590,044
Dividends declared per common share $ 0.67 $ 0.64