2013 Q3 Form 10-Q Financial Statement

#000119312513422803 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $1.564B $1.632B
YoY Change -4.17% 9.86%
Cost Of Revenue $751.0M $721.0M
YoY Change 4.16% -18.23%
Gross Profit $387.0M $269.0M
YoY Change 43.87% 79.33%
Gross Profit Margin 24.74% 16.48%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $283.0M $247.0M
YoY Change 14.57% -5.9%
% of Gross Profit 73.13% 91.82%
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $12.00M $12.00M
YoY Change 0.0% -1.64%
% of Operating Profit
Other Income/Expense, Net $108.0M $95.00M
YoY Change 13.68% -8.48%
Pretax Income $402.0M $546.0M
YoY Change -26.37% 141.17%
Income Tax $70.00M $64.00M
% Of Pretax Income 17.41% 11.72%
Net Earnings $334.0M $487.0M
YoY Change -31.42% 170.41%
Net Earnings / Revenue 21.36% 29.84%
Basic Earnings Per Share $5.95 $7.62
Diluted Earnings Per Share $5.84 $7.53
COMMON SHARES
Basic Shares Outstanding 53.67M shares 61.84M shares
Diluted Shares Outstanding 54.63M shares 62.61M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.551B $1.336B
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
YoY Change 0.0%
Intangibles $193.1M $107.2M
YoY Change 80.18% -24.92%
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 $23.14B $23.64B
YoY Change -2.12% 0.09%
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 $16.51B $16.56B
YoY Change -0.28% -2.07%
SHAREHOLDERS EQUITY
Retained Earnings $5.183B $4.894B
YoY Change 5.92% 19.11%
Common Stock $86.43M $85.20M
YoY Change 1.43% 0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.606B
YoY Change
Treasury Stock Shares 23.84M shares
Shareholders Equity $6.572B $7.079B
YoY Change
Total Liabilities & Shareholders Equity $23.14B $23.64B
YoY Change -2.12% 0.09%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $334.0M $487.0M
YoY Change -31.42% 170.41%
Depreciation, Depletion And Amortization $283.0M $247.0M
YoY Change 14.57% -5.9%
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
CY2013Q3 us-gaap Liabilities
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CY2013Q3 us-gaap Common Stock Value
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CY2012Q3 us-gaap Interest Expense
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CY2012Q3 us-gaap Revenues
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CY2012Q3 us-gaap Earnings Per Share Basic
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CY2013Q3 us-gaap Assets
Assets
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CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2012Q4 pre Funds Held Directly Managed
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Stockholders Equity
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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pre Increase Decrease In Reinsurance Balances Net
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pre Increase Decrease In Reinsurance Recoverable On Paid And Unpaid Losses Net Of Ceded Premiums Payable
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pre Increase Decrease In Funds Held By Reinsured Companies And Funds Held Directly Managed
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us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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pre Increase Decrease In Net Tax Assets And Liabilities
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pre Increase Decrease In Unpaid Losses And Loss Expenses Including Life Policy Benefits
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us-gaap Increase Decrease In Unearned Premiums
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Use Of Estimates
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<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;">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;">&#8226;</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226;</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226; </font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226;</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226;</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226;</font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;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;">&#8226; </font><font style="font-family:Times New Roman;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Valuation of certain assets and derivative financial instruments that are measured using significant unobservable inputs. </font></p>
CY2013Q3 pre Other Invested Assets Carried At Fair Value
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CY2012Q4 pre Other Invested Assets Carried At Fair Value
OtherInvestedAssetsCarriedAtFairValue
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 pre Loss On Redemption Of Preferred Shares
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us-gaap Assumed Premiums Written
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us-gaap Premiums Written Net
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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pre Loss On Redemption Of Preferred Shares
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Revenues
Revenues
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Premiums Written Net
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us-gaap Earnings Per Share Diluted
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us-gaap Assumed Premiums Written
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Policyholder Benefits And Claims Incurred Net
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us-gaap Dividends Preferred Stock
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Interest Expense
InterestExpense
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us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
30159000 USD
us-gaap Premiums Earned Net
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us-gaap Gain Loss On Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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1195523000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Deferred Policy Acquisition Cost Amortization Expense
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us-gaap Common Stock Dividends Per Share Declared
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pre Loss On Redemption Of Preferred Shares
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us-gaap Other Expenses
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q3 us-gaap Profit Loss
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CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2013Q3 us-gaap Profit Loss
ProfitLoss
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CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Profit Loss
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q3 us-gaap Increase Decrease In Unearned Premiums Net
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CY2012Q3 us-gaap Increase Decrease In Unearned Premiums Net
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us-gaap Increase Decrease In Unearned Premiums Net
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us-gaap Increase Decrease In Unearned Premiums Net
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us-gaap Proceeds From Sale Of Short Term Investments
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us-gaap Payments To Acquire Short Term Investments
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Income Taxes Paid
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us-gaap Interest Paid
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CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Increase Decrease In Unearned Premiums
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us-gaap Payments Of Ordinary Dividends
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pre Increase Decrease In Reinsurance Recoverable On Paid And Unpaid Losses Net Of Ceded Premiums Payable
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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pre Increase Decrease In Funds Held By Reinsured Companies And Funds Held Directly Managed
IncreaseDecreaseInFundsHeldByReinsuredCompaniesAndFundsHeldDirectlyManaged
110096000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
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us-gaap Income Taxes Paid
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us-gaap Proceeds From Sale Of Short Term Investments
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pre Increase Decrease In Net Tax Assets And Liabilities
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89900000 USD
pre Net Proceeds From Issuance Of Preferred Stock
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0 USD
us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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pre Increase Decrease In Unpaid Losses And Loss Expenses Including Life Policy Benefits
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pre Increase Decrease In Reinsurance Balances Net
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-202270000 USD
us-gaap Interest Paid
InterestPaid
24630000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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pre Net Proceeds From Issuance Of Preferred Stock
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241265000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
290000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
47136000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
584512000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11210000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-457542000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Nature Of Operations
NatureOfOperations
<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</font><font style="font-family:Times New Roman;font-size:10pt;"> Ltd.</font><font style="font-family:Times New Roman;font-size:10pt;"> (the </font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;">)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">predominantly </font><font style="font-family:Times New Roman;font-size:10pt;">provides reinsurance </font><font style="font-family:Times New Roman;font-size:10pt;">and certain specialty insurance lines </font><font style="font-family:Times New Roman;font-size:10pt;">on a worldwide basis</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">through </font><font style="font-family:Times New Roman;font-size:10pt;">its principal wholly-owned subsidiaries, including Partner Reinsurance Company Ltd., Partner Reinsurance </font><font style="font-family:Times New Roman;font-size:10pt;">Europe </font><font style="font-family:Times New Roman;font-size:10pt;">SE</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</font><font style="font-family:Times New Roman;font-size:10pt;">, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity</font><font style="font-family:Times New Roman;font-size:10pt;">, accident</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 basi</font><font style="font-family:Times New Roman;font-size:10pt;">s.</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;">Effective December 31, 2012, the Company completed the acquisition of Presidio Reinsurance Group, Inc. (Presidio), a California-based U.S. specialty accident and health reinsurance and insurance writer. The Condensed Consolidated Statements of Operations and Cash Flows include the results of Presidio</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">from January 1, 2013</font><font style="font-family:Times New Roman;font-size:10pt;">.</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;">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;"> 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;">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 </font><font style="font-family:Times New Roman;font-size:10pt;">eliminated. </font><font style="font-family:Times New Roman;font-size:10pt;">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>
CY2012Q4 pre Funds Held Directly Managed Investments Carried At Fair Value
FundsHeldDirectlyManagedInvestmentsCarriedAtFairValue
833247000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
889704000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
18098000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
150473000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
987282000 USD
CY2013Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
11753000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
70993000 USD
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
641183000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
19226000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
175131000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
-6800000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
768945000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
59795000 USD
CY2012Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
790421000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
344357000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-11964000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
135532000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-12850000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
609489000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
40801000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
309105000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
-6800000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
183650000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
28624000 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
11818000 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
74167000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
18518000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
30502000 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-62349000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-11984000 USD
CY2013Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
11482000 USD
CY2012Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
212305000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-492077000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
337880000 USD
CY2013Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2013Q3 pre Derivative Asset Financial Instruments Not Offset
DerivativeAssetFinancialInstrumentsNotOffset
1739000 USD
CY2013Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
13557000 USD
CY2013Q3 pre Derivative Liability Financial Instruments Not Offset
DerivativeLiabilityFinancialInstrumentsNotOffset
-1739000 USD
CY2013Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
4260000 USD
CY2013Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
74167000 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
71646000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
18451000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
6467000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2012Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
30502000 USD
CY2012Q4 pre Derivative Liability Financial Instruments Not Offset
DerivativeLiabilityFinancialInstrumentsNotOffset
12051000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2012Q4 pre Derivative Asset Financial Instruments Not Offset
DerivativeAssetFinancialInstrumentsNotOffset
-12051000 USD
CY2012Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2013Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
11818000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
18518000 USD
CY2013Q3 pre Number Of Credit Default Swaps Issuers In Default
NumberOfCreditDefaultSwapsIssuersInDefault
0
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
953906 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
769433 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
605011 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1041301 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
140500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1233300 shares
CY2013Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
2700000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
0 USD
us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
29100000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
0 USD
us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
37600000 USD
CY2012Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3000000 USD
CY2013Q3 us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
1900000 USD
CY2012Q3 us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
200000 USD
CY2012Q3 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
0 USD
CY2013Q3 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
0 USD
CY2013Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2400000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
45700000 USD
CY2013Q3 pre Underwriting Result
UnderwritingResult
284000000 USD
CY2013Q3 pre Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
751000000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
387000000 USD
CY2012Q3 pre Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
721000000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
269000000 USD
CY2012Q3 pre Underwriting Result
UnderwritingResult
177000000 USD
pre Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
2279000000 USD
us-gaap Gross Profit
GrossProfit
739000000 USD
pre Underwriting Result
UnderwritingResult
383000000 USD
pre Losses And Loss Expenses And Life Policy Benefits Segment Disclosure
LossesAndLossExpensesAndLifePolicyBenefitsSegmentDisclosure
2004000000 USD
us-gaap Gross Profit
GrossProfit
623000000 USD
pre Underwriting Result
UnderwritingResult
332000000 USD

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