Platinum Underwriters Holdings LTD (PTP) financial statements (2021 and earlier)

Company profile

Business Address 100 PITTS BAY ROAD
PEMBROKE, HM08
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5261,5311,893
Cash and cash equivalents1,4351,4641,720
Short-term investments9167173
Total current assets:1,5261,5311,893
Noncurrent Assets
Other undisclosed assets2,1622,3932,440
TOTAL ASSETS:3,6873,9244,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,9492,1772,439
Total liabilities:1,9492,1772,439
Stockholders' equity
Stockholders' equity attributable to parent1,7381,7471,895
Common stock000
Additional paid in capital211210
Accumulated other comprehensive income9348138
Retained earnings1,6431,6881,547
Total stockholders' equity:1,7381,7471,895
TOTAL LIABILITIES AND EQUITY:3,6873,9244,333

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

12/31/2014
12/31/2013
12/31/2012
Revenues581651752
Financial services revenue507553566
Cost of revenue(297)(167)(184)
Deferred policy acquisition costs, amortization expense(114)124115
Financial services costs(183)(167)(184)
Gross profit:284483568
Operating expenses(138)(83)(80)
Other operating income, net3  
Other undisclosed operating income (loss)6(194)(276)
Operating income:155207212
Nonoperating income7399187
Investment income, nonoperating7396189
Interest and debt expense(19)(19)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes(26)(29)(28)
Income from continuing operations before income taxes:182258352
Income tax expense(17)(35)(25)
Net income available to common stockholders, diluted:165223327

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:165223327
Other comprehensive income (loss)45(90)(9)
Comprehensive income, net of tax, attributable to parent:209134318

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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