Third Point Reinsurance Ltd. (TPRE) financial statements (2021 and earlier)

Company profile

Business Address POINT HOUSE
PEMBROKE, HM 08
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7649136612953442953,063
Cash and cash equivalents63969394541045017
Short-term investments1252205672412402453,046
Total current assets:7649136612953442953,063
Noncurrent Assets
Other undisclosed assets2,6752,5262,8283,1452,7423,0941,846
TOTAL ASSETS:3,4403,4393,4893,4403,0863,3894,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt114114114114114114114
Liability for uncertainty in income taxes2222222
Total current liabilities:116116115115115116116
Noncurrent Liabilities
Other undisclosed liabilities1,9101,9401,9781,9861,7661,7653,190
Total liabilities:2,0262,0552,0942,1011,8821,8813,306
Temporary equity, carrying amount      7
Stockholders' equity
Stockholders' equity attributable to parent1,4141,3841,3961,3391,2051,5081,592
Common stock99999910
Additional paid in capital928927924920919924994
Retained earnings477447462409276574588
Stockholders' equity attributable to noncontrolling interest      5
Total stockholders' equity:1,4141,3841,3961,3391,2051,5081,597
TOTAL LIABILITIES AND EQUITY:3,4403,4393,4893,4403,0863,3894,910

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues260200215308(67)124173
Premiums earned, net198203145153   
Financial services revenue209128141
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(62)(118)(58)(57)(57)(41)(58)
Gross profit:19882157251(124)84115
Operating expenses(13)(9)(20)(12)(8)(10)(10)
Other operating income (expense), net(4)(5)(4)(4)(3)1(4)
Other expenses      (4)
Operating income (loss):18268133234(135)75101
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(10)54(3)329
Interest and debt expense(2)(2)(2)(2)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:16970135230(133)75108
Other undisclosed loss from continuing operations before income taxes(140)(86)(82)(95)(173)(89)(84)
Income (loss) from continuing operations before income taxes:29(15)53135(306)(13)24
Income tax expense (benefit)100(2)80(4)
Net income (loss):30(15)53133(298)(13)20
Net loss attributable to noncontrolling interest     (0)(0)
Net income (loss) attributable to parent:30(15)53133(298)(13)20
Other undisclosed net loss available to common stockholders, basic(0) (0)(0)  (0)
Net income (loss) available to common stockholders, basic:30(15)53133(298)(13)20
Other undisclosed net income available to common stockholders, diluted0 00   
Net income (loss) available to common stockholders, diluted:30(15)53133(298)(13)20

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):30(15)53133(298)(13)20
Comprehensive income (loss):30(15)53133(298)(13)20
Comprehensive loss, net of tax, attributable to noncontrolling interest     (0)(0)
Comprehensive income (loss), net of tax, attributable to parent:30(15)53133(298)(13)20

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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