Third Point Reinsurance Ltd. (TPRE) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7643442,9662,5752,286598473
Cash and cash equivalents639104810202932
Short-term investments1252402,9582,5652,265570441
Total current assets:7643442,9662,5752,286598473
Noncurrent Assets
Other undisclosed assets2,6752,7421,7051,3211,2592,2541,687
TOTAL ASSETS:3,4403,0864,6723,8963,5452,8532,160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt114114143114122  
Liability for uncertainty in income taxes222223 
Total current liabilities:1161151451151243 
Noncurrent Liabilities
Other undisclosed liabilities1,9101,7662,7572,3312,0251,298649
Total liabilities:2,0261,8822,9022,4462,1491,301649
Temporary equity, carrying amount  108    
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4141,2051,6561,4141,3801,5521,392
Common stock991111111010
Treasury stock, value  (48)(7)   
Additional paid in capital9289191,1001,0951,0811,0651,056
Retained earnings477276594316289376326
Warrants and rights outstanding     1717
Other undisclosed stockholders' equity attributable to parent     83(17)
Stockholders' equity attributable to noncontrolling interest  53616100119
Other undisclosed stockholders' equity     (200) 
Total stockholders' equity:1,4141,2051,6611,4501,3961,4521,510
Other undisclosed liabilities and equity     100 
TOTAL LIABILITIES AND EQUITY:3,4403,0864,6723,8963,5452,8532,160

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues983370939689575530474
Premiums earned, net700 
Financial services revenue621547590603445221
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(296)(206)(189)(222)(191)13768
Gross profit:687164750467384667542
Operating expenses(54)(36)(53)(39)(46)(40)(33)
Other operating income (expense), net(17)(10)(13)(8)(9)7 
Other expenses  (13)(8)(9)7 
Operating income:617118684419329635509
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(4)8(12)203  
Interest and debt expense(8)(8)(8)(8)(7)  
Income from continuing operations before equity method investments, income taxes:605117664430325635509
Other undisclosed loss from continuing operations before income taxes(403)(438)(370)(396)(415)(572) 
Income (loss) from continuing operations before income taxes:201(321)29434(90)62509
Income tax expense (benefit)(1)4(12)(6)3(6) 
Income (loss) before gain (loss) on sale of properties:201(317)28229(87)57509
Other undisclosed net loss      (276)
Net income (loss):201(317)28229(87)57233
Net income (loss) attributable to noncontrolling interest (0)(4)(1)0(6)(6)
Net income (loss) attributable to parent:201(318)27828(87)50227
Other undisclosed net loss available to common stockholders, basic(1) (0)(0) (0)(2)
Net income (loss) available to common stockholders, basic:200(318)27828(87)50226
Other undisclosed net income available to common stockholders, diluted0 00 00
Net income (loss) available to common stockholders, diluted:200(318)27828(87)50226

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):201(317)28229(87)57233
Comprehensive income (loss):201(317)28229(87)57233
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(4)(1)066
Comprehensive income (loss), net of tax, attributable to parent:201(318)27828(87)63239

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: