2012 Q3 Form 10-Q Financial Statement

#000144530512003375 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $390.5M $217.9M
YoY Change 79.17% -42.95%
Cost Of Revenue $73.22M $77.83M
YoY Change -5.93%
Gross Profit $317.3M $140.1M
YoY Change 126.44%
Gross Profit Margin 81.25% 64.29%
Selling, General & Admin $46.20M $45.80M
YoY Change 0.87% 7.51%
% of Gross Profit 14.56% 32.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.44M $26.06M
YoY Change -6.21% -0.33%
% of Gross Profit 7.7% 18.6%
Operating Expenses $143.8M $149.6M
YoY Change -3.88% 2.05%
Operating Profit $173.5M -$9.483M
YoY Change -1929.43%
Interest Expense $5.891M $5.722M
YoY Change 2.95% -7.17%
% of Operating Profit 3.4%
Other Income/Expense, Net
YoY Change
Pretax Income $240.8M $62.59M
YoY Change 284.75% -72.7%
Income Tax $144.0K -$1.435M
% Of Pretax Income 0.06% -2.29%
Net Earnings $189.4M $58.01M
YoY Change 226.5% -73.06%
Net Earnings / Revenue 48.5% 26.62%
Basic Earnings Per Share $3.67 $0.96
Diluted Earnings Per Share $3.62 $0.95
COMMON SHARES
Basic Shares Outstanding 48.39M shares 50.50M shares
Diluted Shares Outstanding 49.12M shares 50.97M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $226.1M $235.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $344.0M $34.00M
YoY Change 911.76% -78.48%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $82.21M $6.256B
YoY Change -98.69% -1.03%
Other Assets $2.000M
YoY Change -99.8%
Total Long-Term Assets $8.450B $8.083B
YoY Change 4.53% -6.2%
TOTAL ASSETS
Total Short-Term Assets $344.0M $34.00M
Total Long-Term Assets $8.450B $8.083B
Total Assets $8.794B $8.117B
YoY Change 8.33% -7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $576.0M $233.0M
YoY Change 147.21% -23.61%
LONG-TERM LIABILITIES
Long-Term Debt $359.0M $349.0M
YoY Change 2.87% -36.43%
Other Long-Term Liabilities $208.0M $184.0M
YoY Change 13.04% -80.34%
Total Long-Term Liabilities $567.0M $533.0M
YoY Change 6.38% -64.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $576.0M $233.0M
Total Long-Term Liabilities $567.0M $533.0M
Total Liabilities $4.000B $4.570B
YoY Change -12.48% -4.81%
SHAREHOLDERS EQUITY
Retained Earnings $3.227B
YoY Change
Common Stock $48.23M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.839B $3.548B
YoY Change
Total Liabilities & Shareholders Equity $8.794B $8.117B
YoY Change 8.33% -7.5%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $189.4M $58.01M
YoY Change 226.5% -73.06%
Depreciation, Depletion And Amortization $24.44M $26.06M
YoY Change -6.21% -0.33%
Cash From Operating Activities $244.0M $163.5M
YoY Change 49.24% -21.36%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$62.80M -$139.3M
YoY Change -54.92% 14.74%
Cash From Investing Activities -$62.80M -$139.3M
YoY Change -54.92% 14.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -187.1M -24.80M
YoY Change 654.44% 2.06%
NET CHANGE
Cash From Operating Activities 244.0M 163.5M
Cash From Investing Activities -62.80M -139.3M
Cash From Financing Activities -187.1M -24.80M
Net Change In Cash -5.900M -600.0K
YoY Change 883.33% -100.96%
FREE CASH FLOW
Cash From Operating Activities $244.0M $163.5M
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED </font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Disclosures About Offsetting Assets and Liabilities</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In December 2011, the FASB issued ASU No. 2011-11, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Disclosures about Offsetting Assets and Liabilities</font><font style="font-family:Arial;font-size:10pt;"> ("ASU 2011-11"). The objective of ASU 2011-11 is to enhance disclosures by requiring improved information about financial instruments and derivative instruments in relation to netting arrangements. ASU 2011-11 is effective for interim and annual periods beginning on or after January 1, 2013, with retrospective presentation of the new disclosure required. The Company is currently evaluating the impact of this guidance; however, since this update affects disclosures only, it is not expected to have a material impact on the Company's consolidated financial statements.&#160;</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Testing Indefinite-Lived Intangible Assets for Impairment</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In July 2012, the FASB issued ASU No. 2012-02, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Asset</font><font style="font-family:Arial;font-size:10pt;">s for Impairment ("ASU 2012-02"). ASU 2012-02 simplifies the guidance for testing the decline in the realizable value of indefinite-lived intangible assets other than goodwill. ASU 2012-02 allows an organization the option to first assess the qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is &#8220;more likely than not&#8221; that the asset is impaired. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company's consolidated financial statements.</font></div></div>
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OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
498000 USD
CY2012Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
49000 USD
CY2011Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
49000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
52000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
449000 USD
CY2011Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
449000 USD
CY2012Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
343000 USD
CY2011Q4 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
303264000 USD
CY2012Q3 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
576052000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-58568000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4204000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
257461000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
174792000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
-157999000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
59357000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40099000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40741000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
26250000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
26250000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
21000000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
4353649000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
6886239000 USD
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
1207657000 USD
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
168572000 USD
CY2011Q3 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
179664000 USD
CY2012Q3 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
83189000 USD
CY2011Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
77830000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
857628000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
138318000 USD
CY2012Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
73215000 USD
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
22000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
22000000 shares
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
22000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
22000000 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
550000000 USD
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
550000000 USD
CY2011Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
229224000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
751940000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
785704000 USD
CY2012Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
262623000 USD
CY2011Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
471878000 USD
CY2012Q3 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
701240000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
1025240000 USD
CY2011Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
103010000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
983580000 USD
CY2012Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
105035000 USD
CY2011Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
58522000 USD
CY2012Q3 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
189592000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
269520000 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 USD
CY2011Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
269500000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
-47996000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
4907000 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-200000000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
47925000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
97302000 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
4771628000 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
6287723000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
63057000 USD
us-gaap Profit Loss
ProfitLoss
688957000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
240493000 USD
us-gaap Profit Loss
ProfitLoss
-206301000 USD
CY2012Q3 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
344367000 USD
CY2011Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
117117000 USD
CY2012Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
950822000 USD
CY2011Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
657727000 USD
us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
30254000 USD
us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
350029000 USD
CY2011Q3 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
101834000 USD
CY2012Q3 us-gaap Reinsurance Costs And Recoveries Net
ReinsuranceCostsAndRecoveriesNet
9974000 USD
CY2011Q4 us-gaap Reinsurance Payable
ReinsurancePayable
256883000 USD
CY2012Q3 us-gaap Reinsurance Payable
ReinsurancePayable
356136000 USD
CY2011Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
404029000 USD
CY2012Q3 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
209490000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2991890000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3226661000 USD
CY2012Q3 us-gaap Revenues
Revenues
390475000 USD
us-gaap Revenues
Revenues
1057504000 USD
us-gaap Revenues
Revenues
886529000 USD
CY2011Q3 us-gaap Revenues
Revenues
217947000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
3605193000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
3838956000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3842935000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3608533000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3551041000 USD
CY2011Q4 us-gaap Trading Securities Cost
TradingSecuritiesCost
4265929000 USD
CY2012Q3 us-gaap Trading Securities Cost
TradingSecuritiesCost
4971116000 USD
CY2011Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
4291465000 USD
CY2012Q3 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5089540000 USD
CY2011Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
50560000 USD
CY2012Q3 us-gaap Trading Securities Equity
TradingSecuritiesEquity
57617000 USD
CY2012Q3 us-gaap Undistributed Earnings
UndistributedEarnings
177873000 USD
CY2011Q3 us-gaap Undistributed Earnings
UndistributedEarnings
48352000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
515964000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
-174767000 USD
CY2011Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
911000 USD
CY2012Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
2787000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
8395000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
761000 USD
CY2012Q3 us-gaap Unearned Premiums
UnearnedPremiums
718261000 USD
CY2011Q4 us-gaap Unearned Premiums
UnearnedPremiums
347655000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
16018000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
35115000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-1542000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-10713000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The major estimates reflected in the Company&#8217;s consolidated financial statements include, but are not limited to, the reserve for claims and claim expenses, reinsurance recoverables, including allowances for reinsurance recoverables deemed uncollectible, estimates of written and earned premiums, fair value, including the fair value of investments, financial instruments and derivatives, impairment charges and the Company&#8217;s deferred tax valuation allowance.</font></div></div>
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49119000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50973000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50830000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50370000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48394000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50501000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50830000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49683000 shares
rnr Assumed Premiums Earned
AssumedPremiumsEarned
1072659000 USD
rnr Assumed Premiums Earned
AssumedPremiumsEarned
1043311000 USD
CY2011Q3 rnr Assumed Premiums Earned
AssumedPremiumsEarned
342019000 USD
CY2012Q3 rnr Assumed Premiums Earned
AssumedPremiumsEarned
373753000 USD
CY2012Q3 rnr Available For Sale Securities Continuous Unrealized Loss Position
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition
33 securities
CY2012Q3 rnr Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLonger
15 securities
CY2011Q3 rnr Available For Sale Securities Net Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableForSaleSecuritiesNetRealizedGainLossExcludingOtherThanTemporaryImpairments
3019000 USD
CY2012Q3 rnr Available For Sale Securities Net Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableForSaleSecuritiesNetRealizedGainLossExcludingOtherThanTemporaryImpairments
757000 USD
rnr Available For Sale Securities Net Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableForSaleSecuritiesNetRealizedGainLossExcludingOtherThanTemporaryImpairments
2806000 USD
rnr Available For Sale Securities Net Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableForSaleSecuritiesNetRealizedGainLossExcludingOtherThanTemporaryImpairments
5713000 USD
rnr Ceded Premiums Earned
CededPremiumsEarned
303148000 USD
rnr Ceded Premiums Earned
CededPremiumsEarned
311536000 USD
CY2011Q3 rnr Ceded Premiums Earned
CededPremiumsEarned
118057000 USD
CY2012Q3 rnr Ceded Premiums Earned
CededPremiumsEarned
119974000 USD
CY2011Q3 rnr Change In Unearned Premium Net
ChangeInUnearnedPremiumNet
126214000 USD
CY2012Q3 rnr Change In Unearned Premium Net
ChangeInUnearnedPremiumNet
157588000 USD
rnr Change In Unearned Premium Net
ChangeInUnearnedPremiumNet
-231640000 USD
rnr Change In Unearned Premium Net
ChangeInUnearnedPremiumNet
-239536000 USD
CY2012Q3 rnr Combined Ratio
CombinedRatio
0.533
rnr Combined Ratio
CombinedRatio
0.431
CY2011Q3 rnr Combined Ratio
CombinedRatio
0.637
rnr Combined Ratio
CombinedRatio
1.405
rnr Contributions To Subsidiaries
ContributionsToSubsidiaries
0 USD
rnr Contributions To Subsidiaries
ContributionsToSubsidiaries
0 USD
rnr Direct Premiums Earned
DirectPremiumsEarned
24581000 USD
rnr Direct Premiums Earned
DirectPremiumsEarned
11777000 USD
CY2012Q3 rnr Direct Premiums Earned
DirectPremiumsEarned
8844000 USD
CY2011Q3 rnr Direct Premiums Earned
DirectPremiumsEarned
5262000 USD
rnr Due To From Subsidiary
DueToFromSubsidiary
0 USD
rnr Due To From Subsidiary
DueToFromSubsidiary
0 USD
CY2011Q3 rnr Equity In Net Income Loss Of Subsidiaries
EquityInNetIncomeLossOfSubsidiaries
0 USD
rnr Net Other Than Temporary Impairments Including Discontinued Operations
NetOtherThanTemporaryImpairmentsIncludingDiscontinuedOperations
449000 USD
CY2012Q3 rnr Equity In Net Income Loss Of Subsidiaries
EquityInNetIncomeLossOfSubsidiaries
0 USD
rnr Equity In Net Income Loss Of Subsidiaries
EquityInNetIncomeLossOfSubsidiaries
0 USD
rnr Equity In Net Income Loss Of Subsidiaries
EquityInNetIncomeLossOfSubsidiaries
0 USD
CY2011Q3 rnr Fair Value Assets And Liabilities Measured On Recurring Basis Foreign Exchange Gains Losses
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForeignExchangeGainsLosses
-2566000 USD
CY2012Q3 rnr Fair Value Assets And Liabilities Measured On Recurring Basis Foreign Exchange Gains Losses
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForeignExchangeGainsLosses
843000 USD
rnr Fair Value Assets And Liabilities Measured On Recurring Basis Foreign Exchange Gains Losses
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForeignExchangeGainsLosses
173000 USD
rnr Fair Value Assets And Liabilities Measured On Recurring Basis Foreign Exchange Gains Losses
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisForeignExchangeGainsLosses
-786000 USD
CY2011Q3 rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInInvestmentIncome
-25612000 USD
CY2012Q3 rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInInvestmentIncome
7939000 USD
rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInInvestmentIncome
24047000 USD
rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInInvestmentIncome
3759000 USD
CY2011Q3 rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInOtherIncome
-46116000 USD
CY2012Q3 rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInOtherIncome
-13700000 USD
rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInOtherIncome
-10713000 USD
rnr Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossDuringPeriodIncludedInOtherIncome
-4517000 USD
CY2011Q3 rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInInvestmentIncome
0 USD
CY2012Q3 rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInInvestmentIncome
0 USD
rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInInvestmentIncome
0 USD
rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInInvestmentIncome
0 USD
CY2011Q3 rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInOtherIncome
48393000 USD
CY2012Q3 rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInOtherIncome
994000 USD
rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInOtherIncome
-32238000 USD
rnr Fair Value Assets Measured On Recurring Basis Realized Gain Loss During Period Included In Other Income
FairValueAssetsMeasuredOnRecurringBasisRealizedGainLossDuringPeriodIncludedInOtherIncome
61215000 USD
CY2011Q3 rnr Gross Premiums Written Direct And Assumed
GrossPremiumsWrittenDirectAndAssumed
139938000 USD
CY2012Q3 rnr Gross Premiums Written Direct And Assumed
GrossPremiumsWrittenDirectAndAssumed
136359000 USD
rnr Gross Premiums Written Direct And Assumed
GrossPremiumsWrittenDirectAndAssumed
1467846000 USD
rnr Gross Premiums Written Direct And Assumed
GrossPremiumsWrittenDirectAndAssumed
1392006000 USD
CY2012Q3 rnr Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
8588000 USD
CY2011Q4 rnr Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
8894000 USD
rnr Investment Income Before Investment Expenses
InvestmentIncomeBeforeInvestmentExpenses
73567000 USD
rnr Investment Income Before Investment Expenses
InvestmentIncomeBeforeInvestmentExpenses
135507000 USD
CY2011Q3 rnr Investment Income Before Investment Expenses
InvestmentIncomeBeforeInvestmentExpenses
-25414000 USD
CY2012Q3 rnr Investment Income Before Investment Expenses
InvestmentIncomeBeforeInvestmentExpenses
48368000 USD
CY2012Q3 rnr Net Claims And Claim Expense Ratio Calendar Year
NetClaimsAndClaimExpenseRatioCalendarYear
0.279
rnr Net Claims And Claim Expense Ratio Calendar Year
NetClaimsAndClaimExpenseRatioCalendarYear
0.176
CY2011Q3 rnr Net Claims And Claim Expense Ratio Calendar Year
NetClaimsAndClaimExpenseRatioCalendarYear
0.340
rnr Net Claims And Claim Expense Ratio Calendar Year
NetClaimsAndClaimExpenseRatioCalendarYear
1.141
CY2012Q3 rnr Net Claims And Claim Expense Ratio Prior Years
NetClaimsAndClaimExpenseRatioPriorYears
-0.077
rnr Net Claims And Claim Expense Ratio Prior Years
NetClaimsAndClaimExpenseRatioPriorYears
-0.155
CY2011Q3 rnr Net Claims And Claim Expense Ratio Prior Years
NetClaimsAndClaimExpenseRatioPriorYears
-0.037
rnr Net Claims And Claim Expense Ratio Prior Years
NetClaimsAndClaimExpenseRatioPriorYears
-0.129
CY2012Q3 rnr Net Claims And Claims Expense Ratio Current Year
NetClaimsAndClaimsExpenseRatioCurrentYear
0.356
rnr Net Claims And Claims Expense Ratio Current Year
NetClaimsAndClaimsExpenseRatioCurrentYear
0.331
CY2011Q3 rnr Net Claims And Claims Expense Ratio Current Year
NetClaimsAndClaimsExpenseRatioCurrentYear
0.377
rnr Net Claims And Claims Expense Ratio Current Year
NetClaimsAndClaimsExpenseRatioCurrentYear
1.270
rnr Net Other Than Temporary Impairments Including Discontinued Operations
NetOtherThanTemporaryImpairmentsIncludingDiscontinuedOperations
343000 USD
rnr Number Of Reportable Segments
NumberOfReportableSegments
3 segments
CY2012Q3 rnr Other Assets Including Goodwill And Other Intangible Assets And Receivables For Investment Sold
OtherAssetsIncludingGoodwillAndOtherIntangibleAssetsAndReceivablesForInvestmentSold
567963000 USD
CY2011Q4 rnr Other Assets Including Goodwill And Other Intangible Assets And Receivables For Investment Sold
OtherAssetsIncludingGoodwillAndOtherIntangibleAssetsAndReceivablesForInvestmentSold
307003000 USD
CY2012Q3 rnr Other Comprehensive Income Loss Adjustment For Realized And Unrealized Investment Gains Losses And Net Other Than Temporary Impairments Portion Attributable To Parent Available For Sale Securities
OtherComprehensiveIncomeLossAdjustmentForRealizedAndUnrealizedInvestmentGainsLossesAndNetOtherThanTemporaryImpairmentsPortionAttributableToParentAvailableForSaleSecurities
2293000 USD
CY2011Q3 rnr Other Comprehensive Income Loss Adjustment For Realized And Unrealized Investment Gains Losses And Net Other Than Temporary Impairments Portion Attributable To Parent Available For Sale Securities
OtherComprehensiveIncomeLossAdjustmentForRealizedAndUnrealizedInvestmentGainsLossesAndNetOtherThanTemporaryImpairmentsPortionAttributableToParentAvailableForSaleSecurities
-4320000 USD
rnr Other Comprehensive Income Loss Adjustment For Realized And Unrealized Investment Gains Losses And Net Other Than Temporary Impairments Portion Attributable To Parent Available For Sale Securities
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rnr Other Comprehensive Income Loss Adjustment For Realized And Unrealized Investment Gains Losses And Net Other Than Temporary Impairments Portion Attributable To Parent Available For Sale Securities
OtherComprehensiveIncomeLossAdjustmentForRealizedAndUnrealizedInvestmentGainsLossesAndNetOtherThanTemporaryImpairmentsPortionAttributableToParentAvailableForSaleSecurities
4822000 USD
CY2012Q3 rnr Other Liabilities And Payables For Investments Purchased
OtherLiabilitiesAndPayablesForInvestmentsPurchased
782761000 USD
CY2011Q4 rnr Other Liabilities And Payables For Investments Purchased
OtherLiabilitiesAndPayablesForInvestmentsPurchased
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rnr Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Available For Sale Securities Including Discontinued Operations
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableForSaleSecuritiesIncludingDiscontinuedOperations
449000 USD
CY2011Q3 rnr Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Available For Sale Securities Including Discontinued Operations
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableForSaleSecuritiesIncludingDiscontinuedOperations
449000 USD
rnr Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Available For Sale Securities Including Discontinued Operations
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableForSaleSecuritiesIncludingDiscontinuedOperations
343000 USD
CY2012Q3 rnr Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Available For Sale Securities Including Discontinued Operations
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableForSaleSecuritiesIncludingDiscontinuedOperations
0 USD
rnr Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
-41262000 USD
rnr Payments For Proceeds From Other Investments
PaymentsForProceedsFromOtherInvestments
-26878000 USD
rnr Payments For Proceeds From Other Short Term Investments
PaymentsForProceedsFromOtherShortTermInvestments
535055000 USD
rnr Payments For Proceeds From Other Short Term Investments
PaymentsForProceedsFromOtherShortTermInvestments
-170162000 USD
CY2012Q3 rnr Preferred Stock Amount Of Preferred Dividends In Arrears Equivalent Number Of Periods Trigger
PreferredStockAmountOfPreferredDividendsInArrearsEquivalentNumberOfPeriodsTrigger
6 period
CY2012Q3 rnr Preferred Stock Preferred Stock Dividends In Arrears Triggered Shareholder Election Right Number Of Directors
PreferredStockPreferredStockDividendsInArrearsTriggeredShareholderElectionRightNumberOfDirectors
2 director
CY2012Q3 rnr Securities Debt
SecuritiesDebt
5184366000 USD
CY2012Q3 rnr Securities Debt Amortized Cost Basis
SecuritiesDebtAmortizedCostBasis
5053161000 USD
CY2012Q3 rnr Securities Debt Maturities After Five Through Ten Years Amortized Cost Basis
SecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCostBasis
635057000 USD
CY2012Q3 rnr Securities Debt Maturities After Five Through Ten Years Fair Value
SecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
671408000 USD
CY2012Q3 rnr Securities Debt Maturities After One Through Five Years Amortized Cost Basis
SecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCostBasis
2603291000 USD
CY2012Q3 rnr Securities Debt Maturities After One Through Five Years Fair Value
SecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2633322000 USD
CY2012Q3 rnr Securities Debt Maturities After Ten Years Amortized Cost Basis
SecuritiesDebtMaturitiesAfterTenYearsAmortizedCostBasis
128134000 USD
CY2012Q3 rnr Securities Debt Maturities After Ten Years Fair Value
SecuritiesDebtMaturitiesAfterTenYearsFairValue
143351000 USD
CY2012Q3 rnr Securities Debt Maturities Within One Year Amortized Cost Basis
SecuritiesDebtMaturitiesWithinOneYearAmortizedCostBasis
417353000 USD
CY2012Q3 rnr Securities Debt Maturities Within One Year Fair Value
SecuritiesDebtMaturitiesWithinOneYearFairValue
417722000 USD
CY2012Q3 rnr Total Assets And Liabilities Measured At Fair Value On Recurring Basis
TotalAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasis
6715118000 USD
CY2011Q4 rnr Total Assets And Liabilities Measured At Fair Value On Recurring Basis
TotalAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasis
6154609000 USD
CY2012Q3 rnr Total Other Assets And Liabilities Measured On Recurring Basis
TotalOtherAssetsAndLiabilitiesMeasuredOnRecurringBasis
41779000 USD
CY2011Q4 rnr Total Other Assets And Liabilities Measured On Recurring Basis
TotalOtherAssetsAndLiabilitiesMeasuredOnRecurringBasis
16071000 USD
CY2012Q3 rnr Trading Debt Securities Amortized Cost Basis
TradingDebtSecuritiesAmortizedCostBasis
4971116000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After Five Through Ten Years Amortized Cost Basis
TradingSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCostBasis
630006000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After Five Through Ten Years Fair Value
TradingSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
665788000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After One Through Five Years Amortized Cost Basis
TradingSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCostBasis
2600399000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After One Through Five Years Fair Value
TradingSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
2630258000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After Ten Years Amortized Cost Basis
TradingSecuritiesDebtMaturitiesAfterTenYearsAmortizedCostBasis
126717000 USD
CY2012Q3 rnr Trading Securities Debt Maturities After Ten Years Fair Value
TradingSecuritiesDebtMaturitiesAfterTenYearsFairValue
141741000 USD
CY2012Q3 rnr Trading Securities Debt Maturities Within One Year Amortized Cost Basis
TradingSecuritiesDebtMaturitiesWithinOneYearAmortizedCostBasis
417241000 USD
CY2012Q3 rnr Trading Securities Debt Maturities Within One Year Fair Value
TradingSecuritiesDebtMaturitiesWithinOneYearFairValue
417618000 USD
CY2012Q3 rnr Underwriting Expense Ratio
UnderwritingExpenseRatio
0.254
rnr Underwriting Expense Ratio
UnderwritingExpenseRatio
0.255
CY2011Q3 rnr Underwriting Expense Ratio
UnderwritingExpenseRatio
0.297
rnr Underwriting Expense Ratio
UnderwritingExpenseRatio
0.264
CY2012Q3 rnr Underwriting Income Loss1
UnderwritingIncomeLoss1
122580000 USD
rnr Underwriting Income Loss1
UnderwritingIncomeLoss1
447049000 USD
CY2011Q3 rnr Underwriting Income Loss1
UnderwritingIncomeLoss1
83168000 USD
rnr Underwriting Income Loss1
UnderwritingIncomeLoss1
-304261000 USD
rnr Value At Risk Confidence Level
ValueAtRiskConfidenceLevel
0.99
rnr Value At Risk Confidence Level Exception
ValueAtRiskConfidenceLevelException
0.01
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000913144
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
48156329 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
RENAISSANCERE HOLDINGS LTD.
dei Trading Symbol
TradingSymbol
RNR

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