2020 Q1 Form 10-Q Financial Statement

#000109507320000018 Filed on May 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $1.982B $1.966B
YoY Change 0.82% 12.33%
Cost Of Revenue $1.431B $1.049B
YoY Change 36.46% -0.82%
Gross Profit $551.2M $917.3M
YoY Change -39.91% 32.37%
Gross Profit Margin 27.81% 46.66%
Selling, General & Admin $458.4M $396.1M
YoY Change 15.73% 8.05%
% of Gross Profit 83.17% 43.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.868B $1.544B
YoY Change 21.01% 1.55%
Operating Profit -$1.317B -$626.4M
YoY Change 110.23% -24.27%
Interest Expense $7.583M $7.631M
YoY Change -0.63% 2.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$43.62M $414.5M
YoY Change -110.52% 86.22%
Income Tax -$60.23M $59.99M
% Of Pretax Income 14.47%
Net Earnings $16.61M $354.6M
YoY Change -95.31% 64.76%
Net Earnings / Revenue 0.84% 18.04%
Basic Earnings Per Share $0.41 $8.70
Diluted Earnings Per Share $0.41 $8.67
COMMON SHARES
Basic Shares Outstanding 40.20M shares 40.30M shares
Diluted Shares Outstanding 40.30M shares 40.45M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $817.6M $584.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $157.0M $70.00M
YoY Change 124.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.804B $1.644B
YoY Change 9.72% -90.81%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $27.22B $25.59B
YoY Change 6.37% 8.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $175.0M $85.00M
YoY Change 105.88% 962.5%
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $302.0M $196.0M
YoY Change 54.08% 237.93%
LONG-TERM LIABILITIES
Long-Term Debt $632.0M $634.0M
YoY Change -0.32% 0.16%
Other Long-Term Liabilities $291.0M $117.0M
YoY Change 148.72% -55.34%
Total Long-Term Liabilities $923.0M $751.0M
YoY Change 22.9% -16.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $302.0M $196.0M
Total Long-Term Liabilities $923.0M $751.0M
Total Liabilities $18.64B $17.20B
YoY Change 8.36% 13.41%
SHAREHOLDERS EQUITY
Retained Earnings $10.26B $9.829B
YoY Change 4.34%
Common Stock $696.0K $694.0K
YoY Change 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.622B $3.414B
YoY Change 6.11%
Treasury Stock Shares 29.64M shares $28.63M
Shareholders Equity $8.581B $8.389B
YoY Change
Total Liabilities & Shareholders Equity $27.22B $25.59B
YoY Change 6.37% 8.85%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $16.61M $354.6M
YoY Change -95.31% 64.76%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $506.0M $459.8M
YoY Change 10.04% 135.02%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$258.2M -$432.8M
YoY Change -40.34% 681.23%
Cash From Investing Activities -$258.2M -$432.8M
YoY Change -40.34% 680.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $200.0M $16.15M
YoY Change 1138.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$241.1M -$93.02M
YoY Change 159.14% 21.01%
NET CHANGE
Cash From Operating Activities $506.0M $459.8M
Cash From Investing Activities -$258.2M -$432.8M
Cash From Financing Activities -$241.1M -$93.02M
Net Change In Cash $9.590M -$72.12M
YoY Change -113.3% -210.08%
FREE CASH FLOW
Cash From Operating Activities $506.0M $459.8M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-920000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-1151000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1151000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-297903000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.55
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.40
CY2020Q1 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Increase Decrease In Premiums Receivable
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CY2019Q1 us-gaap Increase Decrease In Premiums Receivable
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CY2020Q1 us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
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CY2019Q1 us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
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CY2020Q1 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
130593000 USD
CY2019Q1 re Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
8079000 USD
CY2020Q1 us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
11108000 USD
CY2019Q1 us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
14799000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2019Q1 us-gaap Increase Decrease In Reinsurance Recoverable
IncreaseDecreaseInReinsuranceRecoverable
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CY2020Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
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CY2019Q1 us-gaap Increase Decrease In Income Taxes Receivable
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CY2020Q1 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
10572000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Reinsurance Premiums
IncreaseDecreaseInPrepaidReinsurancePremiums
11677000 USD
CY2020Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
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406257000 USD
CY2019Q1 us-gaap Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
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58073000 USD
CY2020Q1 us-gaap Increase Decrease In Future Policy Benefit Reserves
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CY2019Q1 us-gaap Increase Decrease In Future Policy Benefit Reserves
IncreaseDecreaseInFuturePolicyBenefitReserves
103000 USD
CY2020Q1 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
158744000 USD
CY2019Q1 us-gaap Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
135157000 USD
CY2020Q1 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
95555000 USD
CY2019Q1 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
63326000 USD
CY2020Q1 re Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
-1422000 USD
CY2019Q1 re Increase Decrease In Losses In Course Of Payment
IncreaseDecreaseInLossesInCourseOfPayment
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CY2020Q1 re Change In Equity Adjustments In Limited Partnerships
ChangeInEquityAdjustmentsInLimitedPartnerships
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CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8640000 USD
CY2019Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5899000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
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CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
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CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
656070000 USD
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
460537000 USD
CY2020Q1 re Proceeds From Sale Of Available For Sale Securities Debt Market Value
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CY2019Q1 re Proceeds From Sale Of Available For Sale Securities Debt Market Value
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtMarketValue
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CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
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CY2019Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
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CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2019Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
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CY2020Q1 re Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
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CY2019Q1 re Payments To Acquire Available For Sale Securities Debt Market Value
PaymentsToAcquireAvailableForSaleSecuritiesDebtMarketValue
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CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
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CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
PaymentsToAcquireAvailableForSaleSecuritiesEquity
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CY2020Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2019Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
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CY2020Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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CY2019Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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CY2020Q1 re Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
17185000 USD
CY2019Q1 re Net Change In Unsettled Securities Transactions
NetChangeInUnsettledSecuritiesTransactions
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020Q1 re Payments For Shares Issued For Share Based Compensation Net Of Expense
PaymentsForSharesIssuedForShareBasedCompensationNetOfExpense
12573000 USD
CY2019Q1 re Payments For Shares Issued For Share Based Compensation Net Of Expense
PaymentsForSharesIssuedForShareBasedCompensationNetOfExpense
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CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2020Q1 us-gaap Proceeds From Lines Of Credit
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CY2020Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
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CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9590000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
656095000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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OtherOperatingIncomeExpenseNet
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CY2019Q1 us-gaap Revenues
Revenues
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CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
414544000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q1 us-gaap Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
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CY2019Q1 us-gaap Increase Decrease In Funds Held Under Reinsurance Agreements
IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
-9353000 USD
CY2019Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-91856000 USD
CY2020Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
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CY2020Q1 re Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
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CY2019Q4 re Available For Sale Securities Debt Securities Market Value
AvailableForSaleSecuritiesDebtSecuritiesMarketValue
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CY2019Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2018Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
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CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019Q1 re Cumulative Other Than Temporary Impairment Adjustment Deferred Tax Benefit Expense
CumulativeOtherThanTemporaryImpairmentAdjustmentDeferredTaxBenefitExpense
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CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2020Q1 re Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
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CY2019Q1 re Gross Investment Income Before Adjustment
GrossInvestmentIncomeBeforeAdjustment
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CY2020Q1 re Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
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CY2019Q1 re Funds Held Interest Income Expense
FundsHeldInterestIncomeExpense
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CY2020Q1 re Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
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CY2019Q1 re Future Policy Benefit Reserve Income Expense
FuturePolicyBenefitReserveIncomeExpense
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CY2020Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
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CY2019Q1 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
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CY2020Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
12322000 USD
CY2019Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
10455000 USD
CY2020Q1 us-gaap Investment Income Net
InvestmentIncomeNet
147800000 USD
CY2019Q1 us-gaap Investment Income Net
InvestmentIncomeNet
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CY2020Q1 re Additional Contractual Commitments
AdditionalContractualCommitments
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CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-210588000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
92232000 USD
CY2019Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
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CY2018Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1619641000 USD
CY2019Q4 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
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CY2018Q4 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
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CY2020Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1433440000 USD
CY2019Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1050116000 USD
CY2020Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-2600000 USD
CY2019Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-1566000 USD
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
1048550000 USD
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
103688000 USD
CY2019Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
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CY2019Q1 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
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CY2019Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-1496000 USD
CY2020Q1 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
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CY2019Q1 re Reserve For Losses And Loss Adjustment Expenses Net
ReserveForLossesAndLossAdjustmentExpensesNet
11625810000 USD
CY2020Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1651946000 USD
CY2019Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
1621292000 USD
CY2020Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
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CY2019Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
13247102000 USD
CY2020Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1433440000 USD
CY2019Q1 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1050116000 USD
CY2005Q4 us-gaap Number Of Price Risk Derivatives Held
NumberOfPriceRiskDerivativesHeld
7 Item
CY2001Q4 us-gaap Number Of Price Risk Derivatives Held
NumberOfPriceRiskDerivativesHeld
7 Item
re Number Of Equity Indices
NumberOfEquityIndices
2 Item
CY2020Q1 re Number Of Price Risk Derivatives Expired
NumberOfPriceRiskDerivativesExpired
5 Item
CY2020Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
20958000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5584000 USD
CY2020Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-15373000 USD
CY2019Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3231000 USD
CY2020Q1 re Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
210845000 USD
CY2019Q4 re Public Equity Portfolio Fair Value Disclosure
PublicEquityPortfolioFairValueDisclosure
170888000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
4703000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
722851000 USD
CY2020Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
20958000 USD
CY2020Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
5826000 USD
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
931457000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5584000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5584000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
11958000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-15373000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
3231000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
20958000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
8727000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
16612000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
354551000 USD
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
63277000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
57137000 USD
CY2020Q1 us-gaap Undistributed Earnings
UndistributedEarnings
-46666000 USD
CY2019Q1 us-gaap Undistributed Earnings
UndistributedEarnings
297415000 USD
CY2020Q1 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.987 pure
CY2019Q1 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.990 pure
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-46082000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
294298000 USD
CY2020Q1 re Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
62488000 USD
CY2019Q1 re Dividend Declared Common Shareholders
DividendDeclaredCommonShareholders
56531000 USD
CY2020Q1 re Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
16406000 USD
CY2019Q1 re Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
350829000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
40204000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
40304000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
92000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
141000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40296000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40445000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40204000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40304000 shares
CY2020Q1 re Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
40713000 shares
CY2019Q1 re Basic Weighted Average Common Shares Outstanding And Nonvested Common Shares Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonvestedCommonSharesExpectedToVest
40731000 shares
CY2020Q1 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.987 pure
CY2019Q1 re Percentage Allocated To Common Shareholders
PercentageAllocatedToCommonShareholders
0.990 pure
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q1 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
123000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-334581000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-297903000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
271705000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
25259000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
246446000 USD
CY2020Q1 re Line Of Credit Facilities Number Of Facilities
LineOfCreditFacilitiesNumberOfFacilities
2 Item
CY2020Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2020Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
47000000 GBP
CY2020Q1 re Line Of Credit Facilities Number Of Facilities
LineOfCreditFacilitiesNumberOfFacilities
2 Item
CY2020Q1 re Federal Home Loan Bank Advances General Debt Obligations Disclosures Admitted Assets
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAdmittedAssets
12879681000 USD
CY2020Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailable
1287968000 USD
CY2020Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
0 USD
CY2020Q1 us-gaap Security Deposit
SecurityDeposit
1056172000 USD
CY2019Q1 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
105000 USD
CY2020Q1 re Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Percentage Of Admitted Assets Allowed For Borrowing Base
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumPercentageOfAdmittedAssetsAllowedForBorrowingBase
0.10 pure
CY2020Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
110188000 USD
CY2019Q1 us-gaap Ceded Premiums Written
CededPremiumsWritten
80028000 USD
CY2020Q1 re Ceded Earned Premiums
CededEarnedPremiums
90550000 USD
CY2019Q1 re Ceded Earned Premiums
CededEarnedPremiums
56732000 USD
CY2020Q1 re Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
45115000 USD
CY2019Q1 re Ceded Losses And Loss Adjustment Expenses
CededLossesAndLossAdjustmentExpenses
45613000 USD
CY2020Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
2759000 USD
CY2019Q1 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
2309000 USD
CY2020Q1 re Assumed Earned Premiums
AssumedEarnedPremiums
2759000 USD
CY2019Q1 re Assumed Earned Premiums
AssumedEarnedPremiums
2309000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
4868000 USD
CY2020Q1 us-gaap Debt Instrument Redemption Period End Date
DebtInstrumentRedemptionPeriodEndDate
2047-05-01
CY2020Q1 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
2538000 USD
CY2019Q1 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
2605000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
7890000 USD
CY2019Q1 us-gaap Lease Cost
LeaseCost
5187000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
156626000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
161435000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
167072000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
169909000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4919000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4431000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0387 pure
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0391 pure
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
15187000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17836000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
19888000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19099000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18831000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
15822000 USD
CY2020Q1 re Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
113475000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
220138000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
53066000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
167072000 USD
CY2019Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
315000 sqft
CY2019Q3 re Operating Lease Expense Monthly Lease
OperatingLeaseExpenseMonthlyLease
650000 USD
CY2019Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
7800000 USD
CY2020Q1 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
28592000 USD
CY2019Q1 us-gaap Underwriting Income Loss
UnderwritingIncomeLoss
195688000 USD
CY2020Q1 us-gaap Net Investment Income
NetInvestmentIncome
147800000 USD
CY2019Q1 us-gaap Net Investment Income
NetInvestmentIncome
140976000 USD
CY2020Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-210588000 USD
CY2019Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
92232000 USD
CY2020Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-15373000 USD
CY2019Q1 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3231000 USD
CY2020Q1 re Corporate Expenses
CorporateExpenses
9833000 USD
CY2019Q1 re Corporate Expenses
CorporateExpenses
6652000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
7583000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
7631000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
23363000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-3300000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43622000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
414544000 USD

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