Statutory Information (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Statutory Information [Abstract]

Summary of statutory capital, surplus and net income

The actual and required statutory capital and surplus for the Company’s principal operating subsidiaries at December 31, 2019 and 2018:

	December 31,
	2019		2018
Actual capital and surplus (1):
Bermuda	$	13,511,729	$	11,605,652
Ireland	721,439		653,055
United States	4,440,848		4,195,477
United Kingdom	748,276		386,892
Canada	61,351		59,096
Required capital and surplus:
Bermuda	$	5,492,968	$	4,718,345
Ireland	542,703		429,117
United States	1,697,640		1,783,268
United Kingdom	349,328		271,864
Canada	32,763		33,189

(1) Such amounts include ownership interests in affiliated insurance and reinsurance subsidiaries.

There were no state-prescribed or permitted regulatory accounting practices for any of the Company’s insurance or reinsurance entities that resulted in reported statutory surplus that differed from that which would have been reported under the prescribed practices of the respective regulatory authorities, including the National Association of Insurance Commissioners. The differences between statutory financial statements and statements prepared in accordance with GAAP vary by jurisdiction, however, with the primary differences being that statutory financial statements may not reflect deferred acquisition costs, certain net deferred tax assets, goodwill and intangible assets, unrealized appreciation or depreciation on debt securities and certain unauthorized reinsurance recoverables and include contingency reserves.

The statutory net income (loss) for the Company’s principal operating subsidiaries for 2019, 2018 and 2017 was as follows:

	Year Ended December 31,
	2019			2018			2017
Statutory net income (loss):
Bermuda	$	1,876,416		$	919,554		$	881,665
Ireland	26,367			29,223			(14,438		)
United States	481,188			292,831			500,412
United Kingdom	(17,423		)	(18,467		)	(33,257		)
Canada	(1,023		)	2,525			158