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Segment Information - Statement of earnings by segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Segment Reporting Information [Line Items]        
Gross premiums written $ 3,081,135 $ 2,198,239 $ 5,636,495 $ 4,711,175
Net premiums written 2,118,331 1,491,844 3,969,580 3,487,695
Net premiums earned 2,082,053 1,496,594 3,416,053 2,985,433
Net losses and loss expenses [1] 1,173,276 913,179 1,962,490 1,858,271
Acquisition costs [1] 341,617 184,619 495,313 384,033
Operating expenses [2] 363,829 263,721 615,712 510,823
Underwriting profit (loss) 203,331 135,075 342,538 232,306
Net results from structured products 5,257 [3] 34,885 [4] 10,282 [5] 42,838 [6]
Net fee income and other [7] (1,364) (2,858) (7,872) (3,352)
Loss on sale of life reinsurance subsidiary 0 666,423 0 666,423
Net realized gains (losses) on investments 49,967 72,697 102,858 91,926
Net realized and unrealized gains (losses) on derivative instruments 48,509 11,599 65,030 13,409
Net income (loss) from investment fund affiliates and operating affiliates [8] 40,839 45,421 98,836 125,009
Gain on sale of operating affiliate 340,407 0 340,407 0
Exchange (gains) losses 10,374 21,141 37,764 31,582
Corporate operating expenses 130,987 56,495 193,430 107,833
Contribution from P&C and Corporate and Other 991,915 (248,948) 1,131,285 109,009
Interest expense [9] 39,038 32,284 80,519 64,444
Non-controlling interests 4,879 3,682 42,269 39,441
Income tax 32,959 (5,654) 57,177 28,667
Net income (loss) attributable to ordinary shareholders 915,039 (279,260) 951,320 (23,543)
Corporate and Other        
Segment Reporting Information [Line Items]        
Gross premiums written [10] 79,443 86,710 154,394 171,007
Net premiums written [10] 18,258 58,518 32,764 134,829
Net premiums earned [10] 18,258 58,518 32,764 134,829
Net losses and loss expenses [1],[10] 22,081 85,299 41,468 198,886
Acquisition costs [1],[10] 1,684 3,882 3,501 11,061
Operating expenses [2],[10] (59) 2,209 872 5,397
Underwriting profit (loss) [10] (5,448) (32,872) (13,077) (80,515)
Net results from structured products [10] 0 [3] 0 [4] 0 [5] 0 [6]
Net fee income and other [7],[10] 46 45 178 90
Loss on sale of life reinsurance subsidiary   666,423   666,423 [10]
Net realized and unrealized gains (losses) on derivative instruments [10] 48,509 11,599 65,030 13,409
Net income (loss) from investment fund affiliates and operating affiliates [8],[10] 40,839 45,421 98,836 125,009
Gain on sale of operating affiliate 340,407   340,407 [10]  
Exchange (gains) losses [10] 10,374 21,141 37,764 31,582
Corporate operating expenses [10] 130,987 56,495 193,430 107,833
Contribution from P&C and Corporate and Other [10] 625,605 (671,937) 481,139 (627,461)
Interest expense [9],[10] 39,038 32,284 80,519 64,444
Non-controlling interests [10] 4,879 3,682 42,269 39,441
Income tax [10] 32,959 (5,654) 57,177 28,667
Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [11] 160,292 196,673 303,310 411,092
Net realized gains (losses) on investments 4,351 80,844 8,953 100,073
Excluding Life Funds Withheld Assets | Corporate and Other        
Segment Reporting Information [Line Items]        
Net investment income [10],[11] 10,831 52,118 21,041 123,010
Net realized gains (losses) on investments [10] 128 2,339 (1,077) 3,902
Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income 46,864 19,165 97,283 19,165
Net realized gains (losses) on investments 45,616 (8,147) 93,905 (8,147)
Net realized and unrealized gains (losses) on derivative instruments 239,174 (17,546) 9,807 (17,546)
Life Funds Withheld Assets | Corporate and Other        
Segment Reporting Information [Line Items]        
Net investment income [10] 46,864 19,165 97,283 19,165
Net realized gains (losses) on investments [10] 45,616 (8,147) 93,905 (8,147)
Net realized and unrealized gains (losses) on derivative instruments [10] 239,174 (17,546) 9,807 (17,546)
Operating Segments [Member] | Total P&C        
Segment Reporting Information [Line Items]        
Gross premiums written 3,001,692 2,111,529 5,482,101 4,540,168
Net premiums written 2,100,073 1,433,326 3,936,816 3,352,866
Net premiums earned 2,063,795 1,438,076 3,383,289 2,850,604
Net losses and loss expenses [1] 1,151,195 827,880 1,921,022 1,659,385
Acquisition costs [1] 339,933 180,737 491,812 372,972
Operating expenses [2] 363,888 261,512 614,840 505,426
Underwriting profit (loss) 208,779 167,947 355,615 312,821
Net results from structured products 5,257 [3] 34,885 [4] 10,282 [5] 42,838 [6]
Net fee income and other [7] (1,410) (2,903) (8,050) (3,442)
Net realized and unrealized gains (losses) on derivative instruments     0  
Contribution from P&C and Corporate and Other $ 366,310 $ 422,989 $ 650,146 $ 736,470
Ratios - P&C operations        
Loss and loss expense ratio [12] 55.80% 57.60% 56.80% 58.20%
Underwriting expense ratio [12] 34.10% 30.70% 32.70% 30.80%
Combined ratio [12] 89.90% 88.30% 89.50% 89.00%
Operating Segments [Member] | Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 2,219,444 $ 1,618,405 $ 3,874,191 $ 3,189,331
Net premiums written 1,401,772 996,880 2,490,880 2,124,247
Net premiums earned 1,412,906 1,003,990 2,375,212 1,996,430
Net losses and loss expenses [1] 896,370 627,627 1,513,317 1,266,820
Acquisition costs [1] 181,716 99,863 262,103 204,863
Operating expenses [2] 292,161 213,930 500,618 416,983
Underwriting profit (loss) 42,659 62,570 99,174 107,764
Net results from structured products 3,401 [3] 31,645 [4] 6,306 [5] 36,535 [6]
Net fee income and other [7] $ (2,033) $ (3,567) $ (9,498) $ (4,779)
Ratios - P&C operations        
Loss and loss expense ratio [12] 63.40% 62.50% 63.70% 63.50%
Underwriting expense ratio [12] 33.60% 31.30% 32.10% 31.10%
Combined ratio [12] 97.00% 93.80% 95.80% 94.60%
Operating Segments [Member] | Reinsurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 782,248 $ 493,124 $ 1,607,910 $ 1,350,837
Net premiums written 698,301 436,446 1,445,936 1,228,619
Net premiums earned 650,889 434,086 1,008,077 854,174
Net losses and loss expenses [1] 254,825 200,253 407,705 392,565
Acquisition costs [1] 158,217 80,874 229,709 168,109
Operating expenses [2] 71,727 47,582 114,222 88,443
Underwriting profit (loss) 166,120 105,377 256,441 205,057
Net results from structured products 1,856 [3] 3,240 [4] 3,976 [5] 6,303 [6]
Net fee income and other [7] $ 623 $ 664 $ 1,448 $ 1,337
Ratios - P&C operations        
Loss and loss expense ratio [12] 39.20% 46.10% 40.40% 46.00%
Underwriting expense ratio [12] 35.30% 29.60% 34.20% 30.00%
Combined ratio [12] 74.50% 75.70% 74.60% 76.00%
Operating Segments [Member] | Excluding Life Funds Withheld Assets | Total P&C        
Segment Reporting Information [Line Items]        
Net investment income [11] $ 149,461 $ 144,555 $ 282,269 $ 288,082
Net realized gains (losses) on investments $ 4,223 $ 78,505 $ 10,030 $ 96,171
[1] The Company has reflected the amortization of certain fair value adjustments recorded in conjunction with the Catlin Acquisition within the respective segments.
[2] Operating expenses of the segments exclude Corporate operating expenses, shown separately.
[3] The net results from P&C structured products include net investment income and interest expense of $16.0 million and $10.6 million, respectively.
[4] The net results from P&C structured products include net investment income and interest credit of $16.9 million and $18.2 million, respectively.
[5] The net results from P&C structured products include net investment income and interest expense of $31.1 million and $20.6 million, respectively.
[6] The net results from P&C structured products include net investment income and interest credit of $35.7 million and $7.4 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] Corporate and Other includes other items of our revenue and expenditures that are not evaluated at the segment level for reporting purposes, as well as the Company's Run-Off Life Operations.
[11] Net investment income - excluding Life Funds Withheld Assets does not include net investment income related to the net results from structured products.
[12] Ratios are based on net premiums earned from P&C operations.