Partnerre LTD (PRE) financial statements (2021 and earlier)

Company profile

Business Address WELLESLEY HOUSE SOUTH
PEMBROKE, HM 08
State of Incorp.
Fiscal Year End December 31
SIC 6321 - Accident and Health Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6241,3391,5101,272
Cash and cash equivalents1,5771,3131,4961,122
Short-term investments472614151
Receivables(12)   
Total current assets:1,6121,3391,5101,272
Noncurrent Assets
Intangible assets, net (including goodwill)589616643671
Goodwill456456456456
Intangible assets, net (excluding goodwill)133160187214
Total noncurrent assets:589616643671
Other undisclosed assets19,20520,31520,88521,038
TOTAL ASSETS:21,40622,27023,03822,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1026(46)
Taxes payable 1026(46)
Total current liabilities: 1026(46)
Noncurrent Liabilities
Other undisclosed liabilities14,50315,15616,24616,093
Total liabilities:14,50315,16616,27216,047
Stockholders' equity
Stockholders' equity attributable to parent6,9017,0496,7106,933
Preferred stock34343436
Common stock87878785
Treasury stock, value(3,267)(3,259)(2,707)(2,012)
Additional paid in capital3,9823,9503,9023,862
Accumulated other comprehensive income (loss)(83)(34)(12)11
Retained earnings6,1476,2715,4074,952
Stockholders' equity attributable to noncontrolling interest25657 
Total stockholders' equity:6,9037,1046,7666,933
TOTAL LIABILITIES AND EQUITY:21,40622,27023,03822,980

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues5,4316,4775,5385,563
Financial services revenue5,2695,6095,1984,486
Cost of revenue(1,217)(4,677)(3,158)(2,805)
Deferred policy acquisition costs, amortization expense(1,217)(1,214)1,078937
Financial services costs (3,463)(3,158)(2,805)
Other undisclosed gross profit(3,319)(868)(1,419)(2,014)
Gross profit:895932962744
Operating expenses(27)(95)(27)(32)
Other operating income (expense), net
(Other Expenses)
(791)(450)500411
Operating income:783871,4351,124
Nonoperating income143870466571
Investment income, nonoperating152851484571
Interest and debt expense(49)(49)(49)(49)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes985(1,144)(317)
Income from continuing operations before equity method investments, income taxes:1801,2927081,329
Income from equity method investments6151410
Income from continuing operations before income taxes:1871,3087221,339
Income tax expense(80)(240)(48)(204)
Net income:1071,0686731,135
Net loss attributable to noncontrolling interest(3)(13)(9) 
Net income attributable to parent:1041,0556641,135
Other undisclosed net loss available to common stockholders, basic(57)(57)(67)(62)
Net income available to common stockholders, diluted:489985971,073

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1071,0686731,135
Comprehensive income:1071,0686731,135
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(13)9 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(49)(22)(42)23
Comprehensive income, net of tax, attributable to parent:551,0336411,158

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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