2011 Q4 Form 10-Q Financial Statement
#000119312511295054 Filed on November 03, 2011
Income Statement
Concept | 2011 Q4 | 2011 Q3 | 2010 Q3 |
---|---|---|---|
Revenue | $1.415B | $1.486B | $1.774B |
YoY Change | 9.89% | -16.28% | 12.68% |
Cost Of Revenue | $1.069B | $881.7M | $748.9M |
YoY Change | 30.74% | 17.73% | 30.42% |
Gross Profit | $345.4M | $150.0M | $303.0M |
YoY Change | -26.43% | -50.5% | -69.72% |
Gross Profit Margin | 24.42% | 10.1% | 17.08% |
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $238.8M | $262.5M | $261.6M |
YoY Change | -3.16% | 0.34% | 12.52% |
% of Gross Profit | 69.14% | 175.0% | 86.34% |
Operating Expenses | |||
YoY Change | |||
Operating Profit | |||
YoY Change | |||
Interest Expense | $12.30M | $12.20M | $12.30M |
YoY Change | 0.82% | -0.81% | 98.39% |
% of Operating Profit | |||
Other Income/Expense, Net | $113.0M | $103.8M | $118.2M |
YoY Change | -15.17% | -12.18% | 15.66% |
Pretax Income | -$12.90M | $226.4M | $596.2M |
YoY Change | -121.36% | -62.03% | -9.47% |
Income Tax | $3.300M | $41.80M | $72.60M |
% Of Pretax Income | 18.46% | 12.18% | |
Net Earnings | -$17.60M | $180.1M | $524.9M |
YoY Change | -130.88% | -65.69% | -7.38% |
Net Earnings / Revenue | -1.24% | 12.12% | 29.58% |
Basic Earnings Per Share | -$0.49 | $2.45 | $6.86 |
Diluted Earnings Per Share | -$0.49 | $2.43 | $6.76 |
COMMON SHARES | |||
Basic Shares Outstanding | 67.75M shares | 67.74M shares | 75.24M shares |
Diluted Shares Outstanding | 68.18M shares | 76.43M shares |
Balance Sheet
Concept | 2011 Q4 | 2011 Q3 | 2010 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $1.342B | $1.073B | $1.438B |
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 | |||
YoY Change | |||
Goodwill | $455.5M | $455.5M | $455.5M |
YoY Change | 0.0% | 0.0% | |
Intangibles | $133.9M | $142.8M | $191.3M |
YoY Change | -25.09% | -25.36% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $22.86B | $23.62B | $24.27B |
YoY Change | -2.18% | -2.69% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | |||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | |||
Total Long-Term Liabilities | |||
Total Liabilities | $16.39B | $16.91B | $16.69B |
YoY Change | 1.43% | 1.33% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $4.035B | $4.109B | $4.753B |
YoY Change | -15.25% | -13.57% | |
Common Stock | $84.77M | $84.58M | $83.54M |
YoY Change | 0.87% | 1.25% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.479B | $1.310B | $682.8M |
YoY Change | 36.58% | 91.8% | |
Treasury Stock Shares | 19.44M shares | 16.83M shares | 8.957M shares |
Shareholders Equity | $6.468B | ||
YoY Change | |||
Total Liabilities & Shareholders Equity | $22.86B | $23.62B | $24.27B |
YoY Change | -2.18% | -2.69% |
Cashflow Statement
Concept | 2011 Q4 | 2011 Q3 | 2010 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.60M | $180.1M | $524.9M |
YoY Change | -130.88% | -65.69% | -7.38% |
Depreciation, Depletion And Amortization | $238.8M | $262.5M | $261.6M |
YoY Change | -3.16% | 0.34% | 12.52% |
Cash From Operating Activities | |||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | |||
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | |||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | |||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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Foreign Currency Transaction Gain Loss Before Tax
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Dividends Preferred Stock
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Net Income Loss Available To Common Stockholders Basic
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|
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Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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|
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Comprehensive Income Net Of Tax
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Earnings Per Share Basic
EarningsPerShareBasic
|
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us-gaap |
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us-gaap |
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us-gaap |
Gain Loss On Investments
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|
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us-gaap |
Other Income
OtherIncome
|
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us-gaap |
Revenues
Revenues
|
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us-gaap |
Policyholder Benefits And Claims Incurred Net
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|
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|
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Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
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Premiums Written Net
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325802000 | USD |
CY2010Q3 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
1313414000 | USD |
CY2010Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
293164000 | USD |
CY2010Q3 | us-gaap |
Other Income
OtherIncome
|
3363000 | USD |
CY2010Q3 | us-gaap |
Revenues
Revenues
|
1774343000 | USD |
CY2010Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
748879000 | USD |
CY2010Q3 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
261668000 | USD |
CY2010Q3 | us-gaap |
Other Expenses
OtherExpenses
|
118221000 | USD |
CY2010Q3 | us-gaap |
Interest Expense
InterestExpense
|
12297000 | USD |
CY2010Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10003000 | USD |
CY2010Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-27074000 | USD |
CY2010Q3 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
1178142000 | USD |
CY2010Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
596201000 | USD |
CY2010Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
72576000 | USD |
CY2010Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1312000 | USD |
CY2010Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
524937000 | USD |
CY2010Q3 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
8631000 | USD |
CY2010Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
516306000 | USD |
CY2010Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
107572000 | USD |
CY2010Q3 | pre |
Change In Other Accumulated Comprehensive Income Loss Net Of Tax
ChangeInOtherAccumulatedComprehensiveIncomeLossNetOfTax
|
-1260000 | USD |
CY2010Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
631249000 | USD |
CY2010Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.86 | |
CY2010Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.76 | |
CY2010Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75238329 | shares |
CY2010Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76428460 | shares |
CY2010Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.50 | |
CY2011Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
26139000 | USD |
CY2010Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
164402000 | USD |
us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
3735091000 | USD | |
us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
4057965000 | USD | |
us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
3884511000 | USD | |
pre |
Change In Unearned Premiums
ChangeInUnearnedPremiums
|
-312687000 | USD | |
us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
725919000 | USD | |
us-gaap |
Other Expenses
OtherExpenses
|
406506000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
32232000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
22639000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-12426000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
200000000 | USD | |
us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
3665569000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
908307000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
117892000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5103000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
795518000 | USD | |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
25894000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
769624000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-66506000 | USD | |
pre |
Change In Other Accumulated Comprehensive Income Loss Net Of Tax
ChangeInOtherAccumulatedComprehensiveIncomeLossNetOfTax
|
-6514000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
722498000 | USD | |
us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
3606444000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9.86 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.68 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
78076561 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
79494247 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.50 | ||
pre |
Change In Unearned Premiums
ChangeInUnearnedPremiums
|
-140091000 | USD | |
us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
3466353000 | USD | |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
473608000 | USD | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-7860000 | USD | |
us-gaap |
Other Income
OtherIncome
|
4843000 | USD | |
us-gaap |
Revenues
Revenues
|
3936944000 | USD | |
us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
3303366000 | USD | |
us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
699589000 | USD | |
us-gaap |
Other Expenses
OtherExpenses
|
321813000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
36730000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27512000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
20020000 | USD | |
us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
4368990000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-432046000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
65632000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-4970000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-502648000 | USD | |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
31614000 | USD | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-534262000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-10874000 | USD | |
pre |
Change In Other Accumulated Comprehensive Income Loss Net Of Tax
ChangeInOtherAccumulatedComprehensiveIncomeLossNetOfTax
|
-1049000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-514571000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-7.88 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-7.88 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67788427 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
67788427 | shares | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.75 | ||
CY2010Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7582293000 | USD |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-63268000 | USD | |
pre |
Increase Decrease In Reinsurance Balances Net
IncreaseDecreaseInReinsuranceBalancesNet
|
-228133000 | USD | |
pre |
Increase Decrease In Reinsurance Recoverable On Paid And Unpaid Losses Net Of Ceded Premiums Payable
IncreaseDecreaseInReinsuranceRecoverableOnPaidAndUnpaidLossesNetOfCededPremiumsPayable
|
-1923000 | USD | |
pre |
Increase Decrease In Funds Held By Reinsured Companies And Funds Held Directly Managed
IncreaseDecreaseInFundsHeldByReinsuredCompaniesAndFundsHeldDirectlyManaged
|
573220000 | USD | |
us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
-8716000 | USD | |
pre |
Increase Decrease In Net Tax Assets And Liabilities
IncreaseDecreaseInNetTaxAssetsAndLiabilities
|
-2893000 | USD | |
pre |
Increase Decrease In Unpaid Losses And Loss Expenses Including Life Policy Benefits
IncreaseDecreaseInUnpaidLossesAndLossExpensesIncludingLifePolicyBenefits
|
500038000 | USD | |
us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
140091000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
1176000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
583932000 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
242234000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
292833000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1599055000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-19287000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-3242000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1037652000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
136188000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
24630000 | USD | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-59766000 | USD | |
pre |
Increase Decrease In Reinsurance Balances Net
IncreaseDecreaseInReinsuranceBalancesNet
|
-165012000 | USD | |
pre |
Increase Decrease In Reinsurance Recoverable On Paid And Unpaid Losses Net Of Ceded Premiums Payable
IncreaseDecreaseInReinsuranceRecoverableOnPaidAndUnpaidLossesNetOfCededPremiumsPayable
|
-2061000 | USD | |
pre |
Increase Decrease In Funds Held By Reinsured Companies And Funds Held Directly Managed
IncreaseDecreaseInFundsHeldByReinsuredCompaniesAndFundsHeldDirectlyManaged
|
225757000 | USD | |
us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
31300000 | USD | |
pre |
Increase Decrease In Net Tax Assets And Liabilities
IncreaseDecreaseInNetTaxAssetsAndLiabilities
|
-50269000 | USD | |
pre |
Increase Decrease In Unpaid Losses And Loss Expenses Including Life Policy Benefits
IncreaseDecreaseInUnpaidLossesAndLossExpensesIncludingLifePolicyBenefits
|
172974000 | USD | |
us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
312687000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-56269000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
912285000 | USD | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
175733000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
86252000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
326499000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-510599000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-28772000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
699413000 | USD | |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
738309000 | USD |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1437722000 | USD |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
182335000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
18365000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
131989000 | USD | |
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
150006000 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
13219000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
160862000 | USD | |
us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
142972000 | USD | |
us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
500000000 | USD | |
us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
17487000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2638000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
682476000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
244222000 | USD | |
us-gaap |
Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
|
967020000 | USD | |
us-gaap |
Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
|
962540000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
361722000 | USD | |
us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">PartnerRe Ltd. </font></div><div style="text-align:center;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Notes to Unaudited Condensed </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Consolidated </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Financial Statements</font></div><p style='margin-top:13.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1. Organization </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">PartnerRe Ltd. (the Company) provides reinsurance on a worldwide basis through its principal wholly-owned subsidiaries, including Partner Reinsurance Company Ltd., Pa</font><font style="font-family:Times New Roman;font-size:10pt;">rtner Reinsurance Europe plc</font><font style="font-family:Times New Roman;font-size:10pt;"> and Partner Reinsurance Company of the U.S. Risks reinsured include, but are not limited to, property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, </font><font style="font-family:Times New Roman;font-size:10pt;">longevity</font><font style="font-family:Times New Roman;font-size:10pt;"> and health and alternative risk products. The Company's alternative risk products include weather and credit protection to financial, industrial and service companies on a worldwide basis</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p> | ||
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The Company's </font><font style="font-family:Times New Roman;font-size:10pt;">Unaudited Condensed </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X</font><font style="font-family:Times New Roman;font-size:10pt;">. The </font><font style="font-family:Times New Roman;font-size:10pt;">Unaudited Condensed </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Financial Statements include the accounts of the Company and its subsidiaries. Intercompany accounts and transactions have been eliminated. To facilitate comparison of information across periods, certain reclassifications have been made to prior year amounts to conform to the current year's presentation. </font></p><p style='margin-top:9pt; margin-bottom:0pt'> </p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">The preparation of financial statements in conformity with U.S. GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While Management believes that the amounts included in the </font><font style="font-family:Times New Roman;font-size:10pt;">Unaudited Condensed </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Financial Statements reflect its best estimates and assumptions, actual results could differ from those estimates. The Company's principal estimates include: </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•       Unpaid losses and loss expenses; </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•       Policy benefits for life and annuity contracts; </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•        Gross and net premiums written and net premiums earned; </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•       Recoverability of deferred acquisition costs; </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•       Recoverability of deferred tax assets; </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•       Valuation of goodwill and intangible assets; and </font></p><p style='margin-top:4.5pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:30.6px;">•        Valuation of certain assets and derivative financial instruments that are measured using significant unobservable inputs. </font></p><p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:24.5px;">In the opinion of Management, all adjustments (which include normal recurring adjustments) necessary for a fair presentation of results for the interim periods have been made. As the Company's reinsurance operations are exposed to low-frequency, high-severity risk events, some of which are seasonal, results for certain interim periods may include unusually low loss experience, while results for other interim periods may include significant catastrophic losses. Consequently, the Company's results for interim periods are not necessarily indicative of results for the full year. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p> | ||
CY2010Q4 | pre |
Other Invested Assets Carried At Fair Value
OtherInvestedAssetsCarriedAtFairValue
|
111374000 | USD |
CY2010Q4 | pre |
Funds Held Directly Managed Investments Carried At Fair Value
FundsHeldDirectlyManagedInvestmentsCarriedAtFairValue
|
1542931000 | USD |
CY2011Q3 | pre |
Other Invested Assets Carried At Fair Value
OtherInvestedAssetsCarriedAtFairValue
|
38764000 | USD |
CY2010Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
15599767000 | USD |
CY2011Q3 | pre |
Funds Held Directly Managed Investments Carried At Fair Value
FundsHeldDirectlyManagedInvestmentsCarriedAtFairValue
|
1153986000 | USD |
CY2011Q3 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
16647615000 | USD |
CY2011Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
-4970000 | USD |
CY2011Q3 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
-4403000 | USD |
CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
549240000 | USD |
CY2011Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
72837000 | USD |
CY2011Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD |
CY2011Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
559922000 | USD |
CY2011Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
57185000 | USD |
CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
369444000 | USD |
CY2010Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
12694000 | USD |
CY2010Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
|
6075000 | USD |
CY2010Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
175000 | USD |
CY2010Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
388388000 | USD |
CY2010Q3 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
9095000 | USD |
CY2010Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
500286000 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
-39142000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
255805000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
40180000 | USD | |
us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
6391000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
197207000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
7812000 | USD | |
CY2009Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
291769000 | USD |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
|
81711000 | USD | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
7096000 | USD | |
us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
2224000 | USD | |
CY2011Q3 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
|
46435000 | USD |
CY2010Q3 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
|
239497000 | USD |
us-gaap |
Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
|
15360000 | USD | |
us-gaap |
Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
|
429740000 | USD | |
CY2010Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
70222000 | USD |
CY2010Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
25537000 | USD |
CY2010Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
44685000 | USD |
CY2011Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
438700 | shares |
CY2010Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1190200 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1417600 | shares | |
pre |
Weighted Average Number Of Common Shares And Common Share Equivalents Outstanding Including Potentially Dilutive Securities
WeightedAverageNumberOfCommonSharesAndCommonShareEquivalentsOutstandingIncludingPotentiallyDilutiveSecurities
|
68573600 | shares | |
us-gaap |
Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
|
84500000 | USD | |
CY2011Q3 | us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
|
0 | USD |
us-gaap |
Financing Receivable Significant Sales
FinancingReceivableSignificantSales
|
0 | USD | |
CY2011Q3 | us-gaap |
Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
|
18500000 | USD |
CY2011Q3 | pre |
Underwriting Result
UnderwritingResult
|
47000000 | USD |
CY2011Q3 | us-gaap |
Gross Profit
GrossProfit
|
150000000 | USD |
CY2011Q3 | pre |
Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
|
882000000 | USD |
CY2010Q3 | pre |
Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
|
749000000 | USD |
CY2010Q3 | us-gaap |
Gross Profit
GrossProfit
|
303000000 | USD |
CY2010Q3 | pre |
Underwriting Result
UnderwritingResult
|
188000000 | USD |
pre |
Underwriting Result
UnderwritingResult
|
-854000000 | USD | |
pre |
Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
|
3303000000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
-537000000 | USD | |
pre |
Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
|
2466000000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
380000000 | USD | |
pre |
Underwriting Result
UnderwritingResult
|
-21000000 | USD |