XML 84 R73.htm IDEA: XBRL DOCUMENT v3.20.2
Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Assets        
Total investments in securities $ 1,000,993,000 $ 989,701,000    
Cash and cash equivalents 584,809,000 639,415,000    
Restricted cash and cash equivalents 887,308,000 1,014,543,000    
Investment in subsidiaries 0 0    
Due from brokers 169,078,000 0    
Interest and dividends receivable 2,195,000 2,178,000    
Reinsurance balances receivable, net 613,204,000 596,120,000    
Deferred acquisition costs, net 172,288,000 154,717,000    
Unearned premiums ceded 35,817,000 16,945,000    
Loss and loss adjustment expenses recoverable, net 10,064,000 5,520,000 $ 3,655,000 $ 2,031,000
Amounts due from (to) affiliates 0 0    
Other assets 17,807,000 20,555,000    
Total assets 3,493,563,000 3,439,694,000    
Liabilities        
Accounts payable and accrued expenses (12,167,000) (17,816,000)    
Reinsurance balances payable 94,810,000 81,941,000    
Deposit liabilities 168,910,000 172,259,000   $ 145,342,000
Unearned premium reserves 587,995,000 524,768,000    
Loss and loss adjustment expense reserves 1,133,983,000 1,111,692,000    
Securities sold, not yet purchased, at fair value 19,597,000 0    
Due to brokers 1,456,000 0    
Interest and Dividends Payable 3,164,000 3,055,000    
Senior notes payable, net of deferred costs 114,177,000 114,089,000    
Total liabilities 2,136,259,000 2,025,620,000    
Shareholders’ equity        
Common shares 9,492,000 9,423,000    
Additional paid-in capital 930,487,000 927,704,000    
Retained earnings 417,325,000 476,947,000    
Shareholders’ equity attributable to Third Point Re common shareholders 1,357,304,000 1,414,074,000 $ 1,395,898,000  
Total liabilities and shareholders’ equity 3,493,563,000 3,439,694,000    
Eliminations        
Assets        
Total investments in securities 0 0    
Cash and cash equivalents 0 0    
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries (1,832,394,000) (1,881,898,000)    
Due from brokers 0      
Interest and dividends receivable 0 0    
Reinsurance balances receivable, net 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0 0    
Loss and loss adjustment expenses recoverable, net 0 0    
Amounts due from (to) affiliates 0 0    
Other assets 0 0    
Total assets (1,832,394,000) (1,881,898,000)    
Liabilities        
Accounts payable and accrued expenses 0 0    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0      
Due to brokers 0      
Interest and Dividends Payable 0 0    
Senior notes payable, net of deferred costs 0 0    
Total liabilities 0 0    
Shareholders’ equity        
Common shares (1,239,000) (1,239,000)    
Additional paid-in capital (1,787,045,000) (1,783,157,000)    
Retained earnings (44,110,000) (97,502,000)    
Shareholders’ equity attributable to Third Point Re common shareholders (1,832,394,000) (1,881,898,000)    
Total liabilities and shareholders’ equity (1,832,394,000) (1,881,898,000)    
Third Point Re | Reportable Legal Entities        
Assets        
Total investments in securities 4,000,000 4,000,000    
Cash and cash equivalents 6,000 10,000    
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries 1,359,206,000 1,419,197,000    
Due from brokers 0      
Interest and dividends receivable 0 0    
Reinsurance balances receivable, net 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0 0    
Loss and loss adjustment expenses recoverable, net 0 0    
Amounts due from (to) affiliates (2,515,000) (5,722,000)    
Other assets 270,000 764,000    
Total assets 1,360,967,000 1,418,249,000    
Liabilities        
Accounts payable and accrued expenses (3,663,000) (4,175,000)    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0      
Due to brokers 0      
Interest and Dividends Payable 0 0    
Senior notes payable, net of deferred costs 0 0    
Total liabilities 3,663,000 4,175,000    
Shareholders’ equity        
Common shares 9,492,000 9,423,000    
Additional paid-in capital 930,487,000 927,704,000    
Retained earnings 417,325,000 476,947,000    
Shareholders’ equity attributable to Third Point Re common shareholders 1,357,304,000 1,414,074,000    
Total liabilities and shareholders’ equity 1,360,967,000 1,418,249,000    
TPRUSA | Reportable Legal Entities        
Assets        
Total investments in securities 0 0    
Cash and cash equivalents 167,000 176,000    
Restricted cash and cash equivalents 0 0    
Investment in subsidiaries 281,603,000 271,624,000    
Due from brokers 0      
Interest and dividends receivable 0 0    
Reinsurance balances receivable, net 0 0    
Deferred acquisition costs, net 0 0    
Unearned premiums ceded 0 0    
Loss and loss adjustment expenses recoverable, net 0 0    
Amounts due from (to) affiliates 77,000 (3,898,000)    
Other assets 7,646,000 6,784,000    
Total assets 289,493,000 274,686,000    
Liabilities        
Accounts payable and accrued expenses 0 0    
Reinsurance balances payable 0 0    
Deposit liabilities 0 0    
Unearned premium reserves 0 0    
Loss and loss adjustment expense reserves 0 0    
Securities sold, not yet purchased, at fair value 0      
Due to brokers 0      
Interest and Dividends Payable 3,035,000 3,055,000    
Senior notes payable, net of deferred costs 114,177,000 114,089,000    
Total liabilities 117,212,000 117,144,000    
Shareholders’ equity        
Common shares 0 0    
Additional paid-in capital 191,906,000 191,361,000    
Retained earnings (19,625,000) (33,819,000)    
Shareholders’ equity attributable to Third Point Re common shareholders 172,281,000 157,542,000    
Total liabilities and shareholders’ equity 289,493,000 274,686,000    
Non-Guarantor Subsidiaries | Reportable Legal Entities        
Assets        
Total investments in securities 996,993,000 985,701,000    
Cash and cash equivalents 584,636,000 639,229,000    
Restricted cash and cash equivalents 887,308,000 1,014,543,000    
Investment in subsidiaries 191,585,000 191,077,000    
Due from brokers 169,078,000      
Interest and dividends receivable 2,195,000 2,178,000    
Reinsurance balances receivable, net 613,204,000 596,120,000    
Deferred acquisition costs, net 172,288,000 154,717,000    
Unearned premiums ceded 35,817,000 16,945,000    
Loss and loss adjustment expenses recoverable, net 10,064,000 5,520,000    
Amounts due from (to) affiliates 2,438,000 9,620,000    
Other assets 9,891,000 13,007,000    
Total assets 3,675,497,000 3,628,657,000    
Liabilities        
Accounts payable and accrued expenses (8,504,000) (13,641,000)    
Reinsurance balances payable 94,810,000 81,941,000    
Deposit liabilities 168,910,000 172,259,000    
Unearned premium reserves 587,995,000 524,768,000    
Loss and loss adjustment expense reserves 1,133,983,000 1,111,692,000    
Securities sold, not yet purchased, at fair value 19,597,000      
Due to brokers 1,456,000      
Interest and Dividends Payable 129,000 0    
Senior notes payable, net of deferred costs 0 0    
Total liabilities 2,015,384,000 1,904,301,000    
Shareholders’ equity        
Common shares 1,239,000 1,239,000    
Additional paid-in capital 1,595,139,000 1,591,796,000    
Retained earnings 63,735,000 131,321,000    
Shareholders’ equity attributable to Third Point Re common shareholders 1,660,113,000 1,724,356,000    
Total liabilities and shareholders’ equity 3,675,497,000 $ 3,628,657,000    
Financial Guarantee | TPRUSA        
Condensed Balance Sheet Statements, Captions [Line Items]        
Debt obligation $ 115,000,000.0