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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6277643442,9662,5752,286598
Cash and cash equivalents5266391048102029
Short-term investments1011252402,9582,5652,265570
Total current assets:6277643442,9662,5752,286598
Noncurrent Assets
Other undisclosed assets3,0982,6752,7421,7051,3211,2592,254
TOTAL ASSETS:3,7263,4403,0864,6723,8963,5452,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt114114114143114122 
Liability for uncertainty in income taxes2222223
Total current liabilities:1161161151451151243
Noncurrent Liabilities
Other undisclosed liabilities2,0441,9101,7662,7572,3312,0251,298
Total liabilities:2,1602,0261,8822,9022,4462,1491,301
Temporary equity, carrying amount   108   
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5641,4141,2051,6561,4141,3801,552
Common stock109911111110
Treasury stock, value   (48)(7)  
Additional paid in capital9349289191,1001,0951,0811,065
Retained earnings620477276594316289376
Warrants and rights outstanding      17
Other undisclosed stockholders' equity attributable to parent      83
Stockholders' equity attributable to noncontrolling interest1  53616100
Other undisclosed stockholders' equity      (200)
Total stockholders' equity:1,5651,4141,2051,6611,4501,3961,452
Other undisclosed liabilities and equity      100
TOTAL LIABILITIES AND EQUITY:3,7263,4403,0864,6723,8963,5452,853

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues890983370939689575530
Premiums earned, net611700 
Financial services revenue621547590603445
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(187)(296)(206)(189)(222)(191)137
Gross profit:703687164750467384667
Operating expenses(61)(54)(36)(53)(39)(46)(40)
Other operating income (expense), net(11)(17)(10)(13)(8)(9)7
Other expenses   (13)(8)(9)7
Operating income:631617118684419329635
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(5)(4)8(12)203 
Interest and debt expense(8)(8)(8)(8)(8)(7) 
Income from continuing operations before equity method investments, income taxes:617605117664430325635
Other undisclosed loss from continuing operations before income taxes(465)(403)(438)(370)(396)(415)(572)
Income (loss) from continuing operations before income taxes:152201(321)29434(90)62
Income tax expense (benefit)(8)(1)4(12)(6)3(6)
Net income (loss):144201(317)28229(87)57
Net income (loss) attributable to noncontrolling interest(0) (0)(4)(1)0(6)
Net income (loss) attributable to parent:144201(318)27828(87)50
Other undisclosed net loss available to common stockholders, basic(1)(1) (0)(0) (0)
Net income (loss) available to common stockholders, basic:142200(318)27828(87)50
Other undisclosed net income available to common stockholders, diluted00 00 0
Net income (loss) available to common stockholders, diluted:142200(318)27828(87)50

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):144201(317)28229(87)57
Comprehensive income (loss):144201(317)28229(87)57
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0) (0)(4)(1)06
Comprehensive income (loss), net of tax, attributable to parent:144201(318)27828(87)63

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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