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Segment Information - Statement of earnings by segment (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,684,198 $ 1,692,131 $ 6,395,373 $ 6,195,489
Net premiums written 1,233,985 1,402,062 4,721,680 5,043,584
Net premiums earned 1,473,412 1,625,312 4,458,845 4,717,396
Net losses and loss expenses 879,689 1,123,069 2,737,960 3,131,479
Acquisition costs 182,882 238,328 566,915 690,473
Operating expenses 271,703 237,650 782,527 701,005
Underwriting profit (loss) 139,138 26,265 371,443 194,439
Net results from structured products 5,291 6,463 48,129 17,692
Net fee income and other (3,058) (1,547) (6,410) (2,602)
Loss on sale of life reinsurance subsidiary 0 0 666,423 0
Net realized gains (losses) on investments 4,341 (1,958) 96,267 75,519
Net realized and unrealized gains (losses) on derivative instruments 5,131 880 18,540 3,660
Net income (loss) from investment fund affiliates and operating affiliates 44,521 29,669 169,530 172,256
Exchange (gains) losses (23,348) 20,303 8,234 (24,463)
Corporate operating expenses 55,322 61,427 163,155 163,504
Contribution from P&C and Corporate and Other 171,727 197,909 280,735 984,927
Interest expense 31,703 26,342 96,147 78,599
Non-controlling interests 37,583 35,022 77,024 73,944
Income tax 30,057 897 58,724 73,248
Net income (loss) attributable to ordinary shareholders 72,384 135,648 48,840 759,136
Corporate and Other [Member]
       
Segment Reporting Information [Line Items]        
Gross premiums written 83,496 [1] 82,291 [1] 254,503 [1] 236,563 [1]
Net premiums written 19,739 [1] 74,683 [1] 154,568 [1] 214,024 [1]
Net premiums earned 19,739 [1] 74,683 [1] 154,568 [1] 214,024 [1]
Net losses and loss expenses 20,101 [1] 116,549 [1] 218,987 [1] 344,269 [1]
Acquisition costs 2,090 [1] 6,110 [1] 13,151 [1] 17,468 [1]
Operating expenses 2,785 [1],[2] 2,659 [1],[2] 8,182 [1],[2] 7,460 [1],[2]
Underwriting profit (loss) (5,237) [1] (50,635) [1] (85,752) [1] (155,173) [1]
Net results from structured products 0 [1],[3] 0 [1],[4] 0 [1],[5] 0 [1],[6]
Net fee income and other 167 [1],[7] 43 [1],[7] 257 [1],[7] 1,130 [1],[7]
Loss on sale of life reinsurance subsidiary     666,423 [1]  
Net realized and unrealized gains (losses) on derivative instruments 5,131 [1] 880 [1] 18,540 [1] 3,660 [1]
Net income (loss) from investment fund affiliates and operating affiliates 44,521 [1],[8] 29,669 [1],[8] 169,530 [1],[8] 172,256 [1],[8]
Exchange (gains) losses (23,348) [1] 20,303 [1] 8,234 [1] (24,463) [1]
Corporate operating expenses 55,322 [1] 61,427 [1] 163,155 [1] 163,504 [1]
Contribution from P&C and Corporate and Other (125,707) [1] (29,516) [1] (753,168) [1] 99,899 [1]
Interest expense 31,703 [1],[9] 26,342 [1],[9] 96,147 [1],[9] 78,599 [1],[9]
Non-controlling interests 37,583 [1] 35,022 [1] 77,024 [1] 73,944 [1]
Income tax 30,057 [1] 897 [1] 58,724 [1] 73,248 [1]
Total P&C
       
Segment Reporting Information [Line Items]        
Gross premiums written 1,600,702 1,609,840 6,140,870 5,958,926
Net premiums written 1,214,246 1,327,379 4,567,112 4,829,560
Net premiums earned 1,453,673 1,550,629 4,304,277 4,503,372
Net losses and loss expenses 859,588 1,006,520 2,518,973 2,787,210
Acquisition costs 180,792 232,218 553,764 673,005
Operating expenses 268,918 [2] 234,991 [2] 774,345 [2] 693,545 [2]
Underwriting profit (loss) 144,375 76,900 457,195 349,612
Net results from structured products 5,291 [3] 6,463 [4] 48,129 [5] 17,692 [6]
Net fee income and other (3,225) [7] (1,590) [7] (6,667) [7] (3,732) [7]
Contribution from P&C and Corporate and Other 297,434 227,425 1,033,903 885,028
Ratios - P&C operations        
Loss and loss expense ratio 59.10% [10] 64.90% [10] 58.50% [10] 61.90% [10]
Underwriting expense ratio 31.00% [10] 30.10% [10] 30.90% [10] 30.30% [10]
Combined ratio 90.10% [10] 95.00% [10] 89.40% [10] 92.20% [10]
Insurance Segment
       
Segment Reporting Information [Line Items]        
Gross premiums written 1,324,418 1,259,986 4,513,749 4,230,161
Net premiums written 956,185 993,659 3,080,432 3,232,010
Net premiums earned 1,018,416 1,104,012 3,014,846 3,201,646
Net losses and loss expenses 650,256 762,782 1,917,076 2,134,622
Acquisition costs 95,992 136,421 300,855 405,075
Operating expenses 218,281 [2] 192,936 [2] 635,265 [2] 571,447 [2]
Underwriting profit (loss) 53,887 11,873 161,650 90,502
Net results from structured products 3,571 [3] 4,104 [4] 40,106 [5] 11,821 [6]
Net fee income and other (3,826) [7] (2,187) [7] (8,605) [7] (5,481) [7]
Ratios - P&C operations        
Loss and loss expense ratio 63.80% [10] 69.10% [10] 63.60% [10] 66.70% [10]
Underwriting expense ratio 30.90% [10] 29.80% [10] 31.00% [10] 30.50% [10]
Combined ratio 94.70% [10] 98.90% [10] 94.60% [10] 97.20% [10]
Reinsurance Segment
       
Segment Reporting Information [Line Items]        
Gross premiums written 276,284 349,854 1,627,121 1,728,765
Net premiums written 258,061 333,720 1,486,680 1,597,550
Net premiums earned 435,257 446,617 1,289,431 1,301,726
Net losses and loss expenses 209,332 243,738 601,897 652,588
Acquisition costs 84,800 95,797 252,909 267,930
Operating expenses 50,637 [2] 42,055 [2] 139,080 [2] 122,098 [2]
Underwriting profit (loss) 90,488 65,027 295,545 259,110
Net results from structured products 1,720 [3] 2,359 [4] 8,023 [5] 5,871 [6]
Net fee income and other 601 [7] 597 [7] 1,938 [7] 1,749 [7]
Ratios - P&C operations        
Loss and loss expense ratio 48.10% [10] 54.60% [10] 46.70% [10] 50.10% [10]
Underwriting expense ratio 31.10% [10] 30.80% [10] 30.40% [10] 30.00% [10]
Combined ratio 79.20% [10] 85.40% [10] 77.10% [10] 80.10% [10]
Excluding Life Funds Withheld Assets
       
Segment Reporting Information [Line Items]        
Net investment income 153,127 219,867 564,219 663,004
Net realized gains (losses) on investments 9,813 (1,958) 109,886 75,519
Excluding Life Funds Withheld Assets | Corporate and Other [Member]
       
Segment Reporting Information [Line Items]        
Net investment income 11,552 [1],[11] 72,128 [1],[11] 134,562 [1],[11] 214,408 [1],[11]
Net realized gains (losses) on investments 395 [1] 129 [1] 4,297 [1] 2,659 [1]
Excluding Life Funds Withheld Assets | Total P&C
       
Segment Reporting Information [Line Items]        
Net investment income 141,575 [11] 147,739 [11] 429,657 [11] 448,596 [11]
Net realized gains (losses) on investments 9,418 (2,087) 105,589 72,860
Life Funds Withheld Assets
       
Segment Reporting Information [Line Items]        
Net investment income 56,474   75,639  
Net realized gains (losses) on investments (5,472) 0 (13,619) 0
Net realized and unrealized gains (losses) on derivative instruments (201,264) 0 (218,810) 0
Life Funds Withheld Assets | Corporate and Other [Member]
       
Segment Reporting Information [Line Items]        
Net investment income 56,474 [1]   75,639 [1]  
Net realized gains (losses) on investments (5,472) [1]   (13,619) [1]  
Net realized and unrealized gains (losses) on derivative instruments $ (201,264) [1]   $ (218,810) [1]  
[1] Corporate and Other includes other items of our revenue and expenditure that are not evaluated at the segment level for reporting purposes, as well as the Company's run-off life operations.
[2] Operating expenses of the segments exclude Corporate operating expenses, shown separately.
[3] The net results from structured products include net investment income and interest expense of $16.8 million and $11.1 million, respectively.
[4] The net results from structured products include net investment income and interest expense of $18.1 million and $11.6 million, respectively.
[5] The net results from structured products include net investment income and net interest expense of $52.5 million and $3.7 million, respectively. Net results from structured products includes a benefit of $28.7 million from a negotiated termination of one of the Company's larger structured indemnity contracts during the second quarter of 2014, producing a net interest expense credit.
[6] The net results from structured products include net investment income and interest expense of $53.9 million and $36.2 million, respectively.
[7] Net fee income and other includes operating expenses from the Company's loss prevention consulting services business.
[8] The Company generally records the income related to the alternative funds and to the private investment and operating fund affiliates on a one-month and three-month lag, respectively.
[9] Interest expense excludes interest expense related to deposit liabilities recorded in the Insurance and Reinsurance segments
[10] Ratios are based on net premiums earned from P&C operations.
[11] Net investment income - excluding Life Funds Withheld Assets does not include net investment income related to the net results from structured products.