Net investment income (Tables)

6 Months Ended

Jun. 30, 2016

Net Investment Income [Abstract]

Schedule of net investment income

Net investment income for the three and six months ended June 30, 2016 and 2015 consisted of the following:

	Three months ended						Six months ended
	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Net investment income by type	($ in thousands)
Net realized gains on investments and investment derivatives	$	18,713		$	35,319		$	41,955		$	88,602
Net unrealized gains (losses) on investments and investment derivatives	53,603			11,162			(1,239		)	47,758
Net gains (losses) on foreign currencies	(801		)	3,959			(967		)	489
Dividend and interest income	33,352			10,757			41,024			18,119
Dividends paid on securities sold, not yet purchased	(526		)	(302		)	(960		)	(422		)
Management and performance fees	(13,498		)	(20,107		)	(23,640		)	(45,782		)
Other expenses	(4,731		)	(2,358		)	(10,418		)	(5,485		)
Net investment income on investments managed by Third Point LLC	86,112			38,430			45,755			103,279
Net gain on investment in Kiskadee Fund	234			139			481			183
Net investment income related to Catastrophe Reinsurer and Catastrophe Fund	—			42			—			67
	$	86,346		$	38,611		$	46,236		$	103,529

	Three months ended						Six months ended
	June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Net investment income by asset class	($ in thousands)
Net investment gains on equity securities	$	20,821		$	43,190		$	18,590		$	78,943
Net investment gains on debt securities	72,720			22,025			84,869			63,898
Net investment losses on other investments	(5,069		)	(13,525		)	(13,565		)	(27,000		)
Net investment gains (losses) on investment derivatives	14,484			(6,872		)	(17,467		)	10,193
Net investment gains on securities sold, not yet purchased	1,866			12,012			6,170			26,364
Net investment gains (losses) on cash, including foreign exchange losses	(2,644		)	2,634			(4,359		)	1,379
Net investment gains (losses) on securities purchased under an agreement to resell	(779		)	638			(1,443		)	(2,314		)
Net investment gains (losses) on securities sold under an agreement to repurchase	(91		)	(54		)	(124		)	261
Management and performance fees	(13,498		)	(20,107		)	(23,640		)	(45,782		)
Other investment expenses	(1,464		)	(1,330		)	(2,795		)	(2,413		)
	$	86,346		$	38,611		$	46,236		$	103,529