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Guarantor Financial Information Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net premiums earned $ 2,532,212 $ 2,082,053 $ 4,886,822 $ 3,416,053
Net investment income 215,388 223,204 421,274 431,717
Total net realized gains (losses) on investments 104,617 49,967 197,367 102,858
Net realized and unrealized gains (losses) on derivative instruments 906 48,509 (2,716) 65,030
Income (loss) from investment fund affiliates 13,179 31,377 8,600 66,706
Fee income and other 10,862 11,012 19,124 15,740
Total revenues 2,647,422 2,685,296 5,064,649 4,107,911
Expenses:        
Net losses and loss expenses incurred 1,632,386 1,151,195 3,014,871 1,921,022
Claims and policy benefits 5,482 22,081 10,419 41,468
Acquisition costs [1] 420,520 341,617 823,787 495,313
Operating expenses 522,521 507,354 1,037,902 833,010
Exchange (gains) losses (19,100) 10,374 (52,919) 37,764
Interest expense 55,738 49,667 108,041 101,105
Total expenses 2,617,547 2,082,288 4,942,101 3,429,682
Income (loss) before income tax and income (loss) from operating affiliates 29,875 603,008 122,548 678,229
Income (loss) from operating affiliates 21,418 9,462 34,068 32,130
Gain on sale of operating affiliate 0 340,407 0 340,407
Equity in net earnings (losses) of subsidiaries 0 0 0 0
Provision (benefit) for income tax 2,467 32,959 24,762 57,177
Net income (loss) 48,826 919,918 131,854 993,589
Non-controlling interests 5,044 4,879 66,187 42,269
Net income (loss) attributable to ordinary shareholders 43,782 915,039 65,667 951,320
Comprehensive income (loss) 357,812 286,043 787,638 543,036
Consolidating Adjustments and Eliminations        
Revenues:        
Net premiums earned 0 0 0 0
Net investment income 481 464 1,162 2,248
Total net realized gains (losses) on investments 367 2,479 1,900 1,264
Net realized and unrealized gains (losses) on derivative instruments 0 0 0 0
Income (loss) from investment fund affiliates 0 0 0 0
Fee income and other 0 0 0 0
Total revenues 848 2,943 3,062 3,512
Expenses:        
Net losses and loss expenses incurred 0 0 0 0
Claims and policy benefits 0 0 0 0
Acquisition costs 0 0 0 0
Operating expenses 0 0 0 0
Exchange (gains) losses 0 0 0 0
Interest expense 0 0 0 0
Total expenses 0 0 0 0
Income (loss) before income tax and income (loss) from operating affiliates 848 2,943 3,062 3,512
Income (loss) from operating affiliates 0 0 0 0
Gain on sale of operating affiliate 0 0 0 0
Equity in net earnings (losses) of subsidiaries (120,854) (1,794,694) (240,071) (2,007,605)
Provision (benefit) for income tax 0 0 0 0
Net income (loss) (120,006) (1,791,751) (237,009) (2,004,093)
Non-controlling interests 0 0 0 0
Net income (loss) attributable to ordinary shareholders (120,006) (1,791,751) (237,009) (2,004,093)
Comprehensive income (loss) (748,066) (533,759) (1,680,951) (1,187,525)
XL- Ireland        
Revenues:        
Net premiums earned 0 0 0 0
Net investment income 64 54 177 134
Total net realized gains (losses) on investments 0 0 0 0
Net realized and unrealized gains (losses) on derivative instruments 0 0 0 0
Income (loss) from investment fund affiliates 0 0 0 0
Fee income and other 0 0 0 0
Total revenues 64 54 177 134
Expenses:        
Net losses and loss expenses incurred 0 0 0 0
Claims and policy benefits 0 0 0 0
Acquisition costs 0 0 0 0
Operating expenses (499) 2,954 2,775 5,716
Exchange (gains) losses (470) (9) (453) (271)
Interest expense (9) 1 (15) 1
Total expenses (978) 2,946 2,307 5,446
Income (loss) before income tax and income (loss) from operating affiliates 1,042 (2,892) (2,130) (5,312)
Income (loss) from operating affiliates 0 0 0 0
Gain on sale of operating affiliate 0 0 0 0
Equity in net earnings (losses) of subsidiaries 42,740 917,931 67,177 956,416
Provision (benefit) for income tax 0 0 (620) (216)
Net income (loss) 43,782 915,039 65,667 951,320
Non-controlling interests 0 0 0 0
Net income (loss) attributable to ordinary shareholders 43,782 915,039 65,667 951,320
Comprehensive income (loss) 357,812 286,043 787,638 543,036
XL-Cayman        
Revenues:        
Net premiums earned 0 0 0 0
Net investment income 3,096 2,668 4,881 5,700
Total net realized gains (losses) on investments 976 2,532 1,253 3,801
Net realized and unrealized gains (losses) on derivative instruments 0 76,065 0 12,365
Income (loss) from investment fund affiliates 0 0 0 0
Fee income and other 0 0 0 0
Total revenues 4,072 81,265 6,134 21,866
Expenses:        
Net losses and loss expenses incurred 0 0 0 0
Claims and policy benefits 0 0 0 0
Acquisition costs 0 0 0 0
Operating expenses 1,071 2,442 2,566 5,442
Exchange (gains) losses (136) (51) (172) (18)
Interest expense 35,177 34,701 70,346 72,474
Total expenses 36,112 37,092 72,740 77,898
Income (loss) before income tax and income (loss) from operating affiliates (32,040) 44,173 (66,606) (56,032)
Income (loss) from operating affiliates 0 0 0 0
Gain on sale of operating affiliate 0 0 0 0
Equity in net earnings (losses) of subsidiaries 78,114 876,763 172,894 1,051,189
Provision (benefit) for income tax 0 0 0 245
Net income (loss) 46,074 920,936 106,288 994,912
Non-controlling interests 3,334 3,005 39,111 38,496
Net income (loss) attributable to ordinary shareholders 42,740 917,931 67,177 956,416
Comprehensive income (loss) 356,770 288,935 789,148 548,132
Other XL-Ireland Subsidiaries        
Revenues:        
Net premiums earned 2,532,212 2,082,053 4,886,822 3,416,053
Net investment income 211,747 220,018 415,054 423,635
Total net realized gains (losses) on investments 103,274 44,956 194,214 97,793
Net realized and unrealized gains (losses) on derivative instruments 906 (27,556) (2,716) 52,665
Income (loss) from investment fund affiliates 13,179 31,377 8,600 66,706
Fee income and other 10,862 11,012 19,124 15,740
Total revenues 2,642,438 2,601,034 5,055,276 4,082,399
Expenses:        
Net losses and loss expenses incurred 1,632,386 1,151,195 3,014,871 1,921,022
Claims and policy benefits 5,482 22,081 10,419 41,468
Acquisition costs 420,520 341,617 823,787 495,313
Operating expenses 521,949 501,958 1,032,561 821,852
Exchange (gains) losses (18,494) 10,434 (52,294) 38,053
Interest expense 20,570 14,965 37,710 28,630
Total expenses 2,582,413 2,042,250 4,867,054 3,346,338
Income (loss) before income tax and income (loss) from operating affiliates 60,025 558,784 188,222 736,061
Income (loss) from operating affiliates 21,418 9,462 34,068 32,130
Gain on sale of operating affiliate 0 340,407 0 340,407
Equity in net earnings (losses) of subsidiaries 0 0 0 0
Provision (benefit) for income tax 2,467 32,959 25,382 57,148
Net income (loss) 78,976 875,694 196,908 1,051,450
Non-controlling interests 1,710 1,874 27,076 3,773
Net income (loss) attributable to ordinary shareholders 77,266 873,820 169,832 1,047,677
Comprehensive income (loss) 391,296 244,824 891,803 639,393
Life Funds Withheld Assets        
Revenues:        
Net investment income 39,146 46,864 80,706 97,283
Net realized and unrealized gains (losses) on derivative instruments (229,742) 239,174 (465,822) 9,807
Life Funds Withheld Assets | Consolidating Adjustments and Eliminations        
Revenues:        
Net realized and unrealized gains (losses) on derivative instruments 0 0   0
Life Funds Withheld Assets | XL- Ireland        
Revenues:        
Net realized and unrealized gains (losses) on derivative instruments 0 0   0
Life Funds Withheld Assets | XL-Cayman        
Revenues:        
Net realized and unrealized gains (losses) on derivative instruments 0 0   0
Life Funds Withheld Assets | Other XL-Ireland Subsidiaries        
Revenues:        
Net realized and unrealized gains (losses) on derivative instruments $ (229,742) $ 239,174 $ (465,822) $ 9,807
[1] The Company has reflected the amortization of certain fair value adjustments recorded in conjunction with the Catlin Acquisition within the respective segments.