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Segment Information - Statement of earnings by segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Segment Reporting Information [Line Items]        
Gross premiums written $ 3,985,366 $ 3,612,949 $ 8,965,101 $ 8,291,366
Net premiums written 2,821,744 2,649,265 5,977,462 5,632,335
Net premiums earned 2,695,169 2,516,917 5,295,457 5,039,708
Net losses and loss expenses [1] 1,731,426 1,536,678 3,363,739 3,127,425
Acquisition costs 471,491 433,584 935,318 869,453 [1]
Operating expenses [2] 387,089 358,394 777,149 716,113
Underwriting profit (loss) 105,163 188,261 219,251 326,717
Net results from structured products 8,382 [3] 2,923 [4] 11,793 [5] 5,837 [6]
Net fee income and other (3,806) [7] (1,997) [8] (9,548) [9] 218 [10]
Net realized and unrealized gains (losses) on derivative instruments 16,126 (906) 20,347 (7,975)
Net income (loss) from investment fund affiliates and operating affiliates 67,735 73,522 123,686 125,392
Foreign exchange (gains) losses (12,140) (5,643) (2,299) (8,979)
Corporate operating expenses 71,308 102,162 141,351 201,035
Contribution from P&C and Corporate and Other 408,605 382,471 646,386 649,662
Interest expense [11] 44,769 43,422 89,415 83,672
Income tax 27,036 29,006 58,938 42,098
Non-controlling interests 17,804 8,423 26,389 69,429
Net income (loss) attributable to common shareholders 318,996 301,620 471,644 454,463
Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12] 189,236 163,716 365,008 317,509
Net realized investment gains (losses) 27,396 49,169 (33,447) 53,387
Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income 30,252 31,439 60,650 64,803
Net realized investment gains (losses) 63,409 7,459 40,897 40,527
Net realized and unrealized gains (losses) on derivative instruments (36,120) (34,596) (13,199) (84,697)
Corporate and Other        
Segment Reporting Information [Line Items]        
Gross premiums written [13] 55,093 58,519 107,688 115,330
Net premiums written [13] 2,505 2,824 5,612 6,134
Net premiums earned [13] 2,505 2,824 5,612 6,134
Net losses and loss expenses [1],[13] 10,117 7,595 20,424 14,886
Acquisition costs [13] 1,259 1,282 2,270 2,589 [1]
Operating expenses [2],[13] 195 278 336 511
Underwriting profit (loss) [13] (9,066) (6,331) (17,418) (11,852)
Net results from structured products [13] 0 [3] 0 [4] 0 [5] 0 [6]
Net fee income and other [13] 45 [7] 135 [8] 114 [9] (303) [10]
Net realized and unrealized gains (losses) on derivative instruments [13] 16,126 (906) 20,347 (7,975)
Net income (loss) from investment fund affiliates and operating affiliates [13] 67,735 73,522 123,686 125,392
Foreign exchange (gains) losses [13] (12,140) (5,643) (2,299) (8,979)
Corporate operating expenses [13] 71,308 102,162 141,351 201,035
Contribution from P&C and Corporate and Other [13] 82,934 (25,611) 93,379 (59,361)
Interest expense [11],[13] 44,769 43,422 89,415 83,672
Income tax [13] 27,036 29,006 58,938 42,098
Non-controlling interests [13] 17,804 8,423 26,389 69,429
Corporate and Other | Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12],[13] 7,227 8,157 14,746 15,384
Net realized investment gains (losses) [13] 2,494 (7,971) 2,608 (8,584)
Corporate and Other | Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [13] 30,252 31,439 60,650 64,803
Net realized investment gains (losses) 63,409 7,459 40,897 40,527
Net realized and unrealized gains (losses) on derivative instruments [13] (36,120) (34,596) (13,199) (84,697)
Operating segments | Total P&C        
Segment Reporting Information [Line Items]        
Gross premiums written 3,930,273 3,554,430 8,857,413 8,176,036
Net premiums written 2,819,239 2,646,441 5,971,850 5,626,201
Net premiums earned 2,692,664 2,514,093 5,289,845 5,033,574
Net losses and loss expenses [1] 1,721,309 1,529,083 3,343,315 3,112,539
Acquisition costs 470,232 432,302 933,048 866,864 [1]
Operating expenses [2] 386,894 358,116 776,813 715,602
Underwriting profit (loss) 114,229 194,592 236,669 338,569
Net results from structured products 8,382 [3] 2,923 [4] 11,793 [5] 5,837 [6]
Net fee income and other (3,851) [7] (2,132) [8] (9,662) [9] 521 [10]
Net realized and unrealized gains (losses) on derivative instruments 0 0 0  
Contribution from P&C and Corporate and Other $ 325,671 $ 408,082 $ 553,007 $ 709,023
Ratios - P&C operations        
Loss and loss expense ratio [14] 63.90% 60.80% 63.20% 61.80%
Underwriting expense ratio [14] 31.90% 31.50% 32.30% 31.50%
Combined ratio [14] 95.80% 92.30% 95.50% 93.30%
Operating segments | Total P&C | Excluding Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net investment income [12] $ 182,009 $ 155,559 $ 350,262 $ 302,125
Net realized investment gains (losses) 24,902 57,140 (36,055) 61,971
Operating segments | Total P&C | Life Funds Withheld Assets        
Segment Reporting Information [Line Items]        
Net realized investment gains (losses) 0 0 0 0
Operating segments | Insurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written 2,881,921 2,576,754 5,748,460 5,270,970
Net premiums written 1,929,564 1,741,201 3,411,431 3,249,792
Net premiums earned 1,748,355 1,652,304 3,414,144 3,287,619
Net losses and loss expenses [1] 1,224,756 1,077,087 2,289,748 2,137,450
Acquisition costs 237,694 231,908 459,656 442,391 [1]
Operating expenses [2] 306,585 288,681 622,965 574,410
Underwriting profit (loss) (20,680) 54,628 41,775 133,368
Net results from structured products 1,810 [3] 1,981 [4] 3,913 [5] 4,250 [6]
Net fee income and other $ (4,991) [7] $ (2,826) [8] $ (11,694) [9] $ (859) [10]
Ratios - P&C operations        
Loss and loss expense ratio [14] 70.10% 65.20% 67.10% 65.00%
Underwriting expense ratio [14] 31.10% 31.50% 31.70% 30.90%
Combined ratio [14] 101.20% 96.70% 98.80% 95.90%
Operating segments | Reinsurance Segment        
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,048,352 $ 977,676 $ 3,108,953 $ 2,905,066
Net premiums written 889,675 905,240 2,560,419 2,376,409
Net premiums earned 944,309 861,789 1,875,701 1,745,955
Net losses and loss expenses [1] 496,553 451,996 1,053,567 975,089
Acquisition costs 232,538 200,394 473,392 424,473 [1]
Operating expenses [2] 80,309 69,435 153,848 141,192
Underwriting profit (loss) 134,909 139,964 194,894 205,201
Net results from structured products 6,572 [3] 942 [4] 7,880 [5] 1,587 [6]
Net fee income and other $ 1,140 [7] $ 694 [8] $ 2,032 [9] $ 1,380 [10]
Ratios - P&C operations        
Loss and loss expense ratio [14] 52.60% 52.40% 56.20% 55.80%
Underwriting expense ratio [14] 33.10% 31.40% 33.40% 32.40%
Combined ratio [14] 85.70% 83.80% 89.60% 88.20%
[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 $12.3 million and $3.9 million, respectively.
[4] The net results from P&C structured products include net investment income and interest expense of $13.5 million and $10.6 million, respectively.
[5] The net results from P&C structured products include net investment income and interest expense of $24.6 million and $12.8 million, respectively.
[6] The net results from P&C structured products include net investment income and interest expense of $26.9 million and $21.1 million, respectively.
[7] Net fee income and other includes operating expenses of $12.1 million from the Company's loss prevention consulting services business.
[8] Net fee income and other includes operating expenses of $12.2 million from the Company's loss prevention consulting services business.
[9] Net fee income and other includes operating expenses of $24.6 million from the Company's loss prevention consulting services business.
[10] Net fee income and other includes operating expenses of $23.7 million from the Company's loss prevention consulting services business.
[11] Interest expense excludes interest expense related to structured products recorded in the Insurance and Reinsurance segments.
[12] Net investment income - excluding Life Funds Withheld Assets does not include net investment income related to the net results from structured products.
[13] Corporate and Other includes other items of our revenue and expenditures that are not evaluated at the segment level for reporting purposes. The underwriting profit (loss) and its components within this section are predominantly driven from the Company's run-off life operations.
[14] Ratios are based on net premiums earned from P&C operations.