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Segment Information - Statement of earnings by segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Segment Reporting Information [Line Items]        
Gross premiums written $ 2,739,350 $ 1,684,198 $ 8,375,845 $ 6,395,373
Net premiums written 2,091,028 1,233,985 6,060,608 4,721,680
Net premiums earned 2,423,552 1,473,412 5,839,605 4,458,845
Net losses and loss expenses 1,486,864 [1] 879,689 3,449,354 [1] 2,737,960
Acquisition costs 409,173 [1] 182,882 904,486 [1] 566,915
Operating expenses [2] 422,867 271,703 1,038,579 782,526
Underwriting profit (loss) 104,648 139,138 447,186 371,444
Net results from structured products 4,437 [3] 5,291 [4] 14,719 [5] 48,129 [6]
Net fee income and other [7] (4,420) (3,058) (12,292) (6,410)
Loss on sale of life reinsurance subsidiary 0 0 0 666,423
Net realized gains (losses) on investments 51,407 4,341 154,265 96,267
Net realized and unrealized gains (losses) on derivative instruments (7,903) 5,131 57,127 18,540
Net income (loss) from investment fund affiliates and operating affiliates [8] 4,481 44,521 103,317 169,530
Gain on sale of operating affiliate 0 0 340,407 0
Exchange (gains) losses 11,661 (23,348) 49,425 8,234
Corporate operating expenses 135,500 55,322 328,930 163,155
Contribution from P&C and Corporate and Other 88,927 171,727 1,220,212 280,736
Interest expense [9] 40,798 31,703 121,317 96,147
Non-controlling interests 57,889 37,583 100,158 77,024
Income tax (37,042) 30,057 20,135 58,724
Net income (loss) attributable to ordinary shareholders 27,282 72,384 978,602 48,841
Corporate and Other        
Segment Reporting Information [Line Items]        
Gross premiums written [10] 80,208 83,496 234,602 254,503
Net premiums written [10] 17,812 19,739 50,576 154,568
Net premiums earned [10] 17,812 19,739 50,576 154,568
Net losses and loss expenses [10] 22,579 [1] 20,101 64,047 [1] 218,987
Acquisition costs [10] 4,729 [1] 2,090 8,230 [1] 13,151
Operating expenses [2],[10] (26) 2,785 846 8,182
Underwriting profit (loss) [10] (9,470) (5,237) (22,547) (85,752)
Net results from structured products [10] 0 [3] 0 [4] 0 [5] 0 [6]
Net fee income and other [7],[10] 254 167 432 257
Loss on sale of life reinsurance subsidiary [10]       666,423
Net realized and unrealized gains (losses) on derivative instruments [10] (7,903) 5,131 57,127 18,540
Net income (loss) from investment fund affiliates and operating affiliates [8],[10] 4,481 44,521 103,317 169,530
Gain on sale of operating affiliate [10]     340,407  
Exchange (gains) losses [10] 11,661 (23,348) 49,425 8,234
Corporate operating expenses [10] 135,500 55,322 328,930 163,155
Contribution from P&C and Corporate and Other [10] (177,495) (125,707) 303,644 (753,168)
Interest expense [9],[10] 40,798 31,703 121,317 96,147
Non-controlling interests [10] 57,889 37,583 100,158 77,024
Income tax [10] (37,042) 30,057 20,135 58,724
Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [11] 162,992 153,127 466,302 564,219
Net realized gains (losses) on investments (201) 9,813 8,752 109,886
Excluding Life Funds Withheld Assets | Corporate and Other        
Segment Reporting Information [Line Items]        
Net investment income [10],[11] 10,254 11,552 31,295 134,562
Net realized gains (losses) on investments [10] (4) 395 (1,081) 4,297
Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income 46,586 56,474 143,869 75,639
Net realized gains (losses) on investments 51,608 (5,472) 145,513 (13,619)
Net realized and unrealized gains (losses) on derivative instruments (126,140) (201,264) (116,333) (218,810)
Life Funds Withheld Assets | Corporate and Other        
Segment Reporting Information [Line Items]        
Net investment income [10] 46,586 56,474 143,869 75,639
Net realized gains (losses) on investments [10] 51,608 (5,472) 145,513 (13,619)
Net realized and unrealized gains (losses) on derivative instruments [10] (126,140) (201,264) (116,333) (218,810)
Operating Segments [Member] | Total P&C        
Segment Reporting Information [Line Items]        
Gross premiums written 2,659,142 1,600,702 8,141,243 6,140,870
Net premiums written 2,073,216 1,214,246 6,010,032 4,567,112
Net premiums earned 2,405,740 1,453,673 5,789,029 4,304,277
Net losses and loss expenses 1,464,285 [1] 859,588 3,385,307 [1] 2,518,973
Acquisition costs 404,444 [1] 180,792 896,256 [1] 553,764
Operating expenses [2] 422,893 268,918 1,037,733 774,344
Underwriting profit (loss) 114,118 144,375 469,733 457,196
Net results from structured products 4,437 [3] 5,291 [4] 14,719 [5] 48,129 [6]
Net fee income and other [7] (4,674) (3,225) (12,724) (6,667)
Net realized and unrealized gains (losses) on derivative instruments     0  
Contribution from P&C and Corporate and Other $ 266,422 $ 297,434 $ 916,568 $ 1,033,904
Ratios - P&C operations        
Loss and loss expense ratio [12] 60.90% 59.10% 58.50% 58.50%
Underwriting expense ratio [12] 34.40% 31.00% 33.40% 30.90%
Combined ratio [12] 95.30% 90.10% 91.90% 89.40%
Operating Segments [Member] | Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 2,200,196 $ 1,324,418 $ 6,074,387 $ 4,513,749
Net premiums written 1,664,562 956,185 4,155,442 3,080,432
Net premiums earned 1,632,988 1,018,416 4,008,200 3,014,846
Net losses and loss expenses 1,037,727 [1] 650,256 2,551,044 [1] 1,917,076
Acquisition costs 214,773 [1] 95,992 476,876 [1] 300,855
Operating expenses [2] 334,211 218,281 834,829 635,264
Underwriting profit (loss) 46,277 53,887 145,451 161,651
Net results from structured products 3,328 [3] 3,571 [4] 9,634 [5] 40,106 [6]
Net fee income and other [7] $ (5,207) $ (3,826) $ (14,705) $ (8,605)
Ratios - P&C operations        
Loss and loss expense ratio [12] 63.50% 63.80% 63.60% 63.60%
Underwriting expense ratio [12] 33.70% 30.90% 32.80% 31.00%
Combined ratio [12] 97.20% 94.70% 96.40% 94.60%
Operating Segments [Member] | Reinsurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 458,946 $ 276,284 $ 2,066,856 $ 1,627,121
Net premiums written 408,654 258,061 1,854,590 1,486,680
Net premiums earned 772,752 435,257 1,780,829 1,289,431
Net losses and loss expenses 426,558 [1] 209,332 834,263 [1] 601,897
Acquisition costs 189,671 [1] 84,800 419,380 [1] 252,909
Operating expenses [2] 88,682 50,637 202,904 139,080
Underwriting profit (loss) 67,841 90,488 324,282 295,545
Net results from structured products 1,109 [3] 1,720 [4] 5,085 [5] 8,023 [6]
Net fee income and other [7] $ 533 $ 601 $ 1,981 $ 1,938
Ratios - P&C operations        
Loss and loss expense ratio [12] 55.20% 48.10% 46.80% 46.70%
Underwriting expense ratio [12] 36.00% 31.10% 35.00% 30.40%
Combined ratio [12] 91.20% 79.20% 81.80% 77.10%
Operating Segments [Member] | Excluding Life Funds Withheld Assets | Total P&C        
Segment Reporting Information [Line Items]        
Net investment income [11] $ 152,738 $ 141,575 $ 435,007 $ 429,657
Net realized gains (losses) on investments $ (197) $ 9,418 $ 9,833 $ 105,589
[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 $15.6 million and $11.1 million, respectively.
[4] The net results from P&C structured products include net investment income and interest credit of $16.8 million and $11.1 million, respectively.
[5] The net results from P&C structured products include net investment income and interest expense of $46.7 million and $31.7 million, respectively.
[6] The net results from P&C structured products include net investment income and interest credit of $52.5 million and $3.7 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 hedge fund affiliates 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 revenues 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.