Validus Holdings LTD (VR) Financial Statements (2024 and earlier)

Company Profile

Business Address 29 RICHMOND ROAD
PEMBROKE, HM08
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,223,79213,832,20712,935,46712,513,7493,409,1639,265,319
Cash and cash equivalents672,173754,990965,630800,405623,937419,976
Short-term investments13,551,61913,077,21711,969,83711,713,3442,785,2268,845,343
Total current assets:14,223,79213,832,20712,935,46712,513,7493,409,1639,265,319
Noncurrent Assets
Long-term investments and receivables113,471100,13792,079103,37794,697 
Long-term investments113,471100,13792,079103,37794,697 
Intangible assets, net (including goodwill)398,741400,984401,099403,219310,934312,350
Goodwill229,573229,573227,701227,701196,758196,758
Intangible assets, net (excluding goodwill)169,168171,411173,398175,518114,176115,592
Regulated entity, other noncurrent assets4,3864,4364,4874,537 4,638
Total noncurrent assets:516,598505,557497,665511,133405,631316,988
Other undisclosed assets860,25289,1151,168,108926,2648,322,3271,767,448
TOTAL ASSETS:15,600,64214,426,87914,601,24013,951,14612,137,12111,349,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9,941,9439,510,9959,452,1268,072,3976,237,0185,817,486
Total liabilities:9,941,9439,510,9959,452,1268,072,3976,237,0185,817,486
Equity
Equity, attributable to parent, including:3,901,2323,895,0723,936,2874,211,4313,911,8763,838,291
Common stock28,35128,34928,34228,33928,22528,224
Treasury stock, value(14,468)(14,468)(14,437)(14,423)(14,376)(14,376)
Additional paid in capital824,356814,641812,266807,321830,346821,023
Accumulated other comprehensive income (loss)9,405(22,192)(18,430)(19,924)(22,453)(23,216)
Retained earnings2,653,5882,688,7422,728,5463,010,1182,940,1342,876,636
Other undisclosed equity, attributable to parent400,000400,000400,000400,000150,000150,000
Equity, attributable to noncontrolling interest334,35716,71878,947415,658330,597165,977
Total equity:4,235,5893,911,7904,015,2344,627,0894,242,4734,004,268
Other undisclosed liabilities and equity1,423,1101,004,0941,133,8801,251,6601,657,6301,528,001
TOTAL LIABILITIES AND EQUITY:15,600,64214,426,87914,601,24013,951,14612,137,12111,349,755

Income Statement (P&L) ($ in thousands)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
Revenues654,966697,788766,553697,339635,861522,145
Financial services revenue618,942651,477723,208631,027575,376540,399
Cost of revenue(562,456)(714,462)(1,449,977)(520,912)(478,628)(484,412)
Deferred policy acquisition costs, amortization expense(116,456)(127,067)(115,590)(117,268)(111,628)(120,889)
Financial services costs(321,545)(437,167)(1,269,125)(310,358)(283,528)(275,126)
Gross profit:92,510(16,674)(683,424)176,427157,23337,733
Operating income (loss):92,510(16,674)(683,424)176,427157,23337,733
Nonoperating income (expense)  (154,999)40,16762,83652,398(20,988)
Investment income, nonoperating  (154,999)40,16762,83652,398(20,087)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(22,019)139,128(54,690)(81,472)(66,341)6,358
Income (loss) from continuing operations before income taxes:70,491(32,545)(697,947)157,791143,29023,103
Income tax benefit6,8334122,6329873,54921,147
Income (loss) from continuing operations:77,324(32,133)(695,315)158,778146,83944,250
Income (loss) before gain (loss) on sale of properties:77,324(32,133)(695,315)158,778146,83944,250
Other undisclosed net income (loss)(10,862)(37,868)74,130(11,830)(7,503)(7,080)
Net income (loss):66,462(70,001)(621,185)146,948139,33637,170
Net income (loss) attributable to noncontrolling interest(64,712)67,136376,366(43,650)(42,572)(27,200)
Net income (loss) attributable to parent:1,750(2,865)(244,819)103,29896,7649,970
Preferred stock dividends and other adjustments(5,828)(5,828)(5,627)(2,203)(2,203)(2,203)
Net income (loss) available to common stockholders, diluted:(4,078)(8,693)(250,446)101,09594,5617,767

Comprehensive Income ($ in thousands)

6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
Net income (loss):66,462(70,001)(621,185)146,948139,33637,170
Other undisclosed comprehensive income      8,523
Comprehensive income (loss):66,462(70,001)(621,185)146,948139,33645,693
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(64,712)(647,424)376,366(43,650)(42,572)(27,200)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent30,562710,3481,4942,529763(10,647)
Comprehensive income (loss), net of tax, attributable to parent:32,312(7,077)(243,325)105,82797,5277,846

Statements Sources

The financial statements are based on the Company's filings with 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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