Tower Group International LTD (TWGP) financial statements (2021 and earlier)

Company profile

Business Address CROWN HOUSE
HAMILTON, 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)

12/31/2013
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments294102
Cash and cash equivalents294102
Total current assets:294102
Noncurrent Assets
Property, plant and equipment139139
Long-term investments and receivables 72
Long-term investments 72
Intangible assets, net (including goodwill)80348
Goodwill 241
Intangible assets, net (excluding goodwill)80107
Total noncurrent assets:219559
Other undisclosed assets3,4424,050
TOTAL ASSETS:3,9564,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation10 
Long-term debt, excluding current maturities10 
Total noncurrent liabilities:10 
Other undisclosed liabilities3,8453,728
Total liabilities:3,8553,728
Stockholders' equity
Stockholders' equity attributable to parent96950
Common stock11
Treasury stock, value(0)(181)
Additional paid in capital815780
Accumulated other comprehensive income (loss)(20)83
Retained earnings (accumulated deficit)(701)268
Stockholders' equity attributable to noncontrolling interest534
Total stockholders' equity:101984
TOTAL LIABILITIES AND EQUITY:3,9564,712

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

12/31/2013
12/31/2012
12/31/2011
Revenues1,7421,923
Financial services revenue1,5131,722
Cost of revenue
(Financial Services Costs)
(1,520)(1,264)
Gross profit:222659
Operating expenses(818)(360)
Operating income (loss):(596)299
Nonoperating income153161
Investment income, nonoperating148162
Interest and debt expense(34)(33)
Income (loss) from continuing operations before equity method investments, income taxes:(477)427
Income (loss) from equity method investments7(1)
Income (loss) from continuing operations before income taxes:(470)425
Income tax expense (benefit)(8)29
Income (loss) before gain (loss) on sale of properties:(478)455
Other undisclosed net loss(483)(487)
Net loss:(961)(32)
Net income (loss) attributable to noncontrolling interest19(2)
Net loss attributable to parent:(943)(34)
Other undisclosed net loss available to common stockholders, basic(0)(1)
Net loss available to common stockholders, diluted:(943)(35)

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
12/31/2011
Net loss:(961)(32)
Other comprehensive income (loss)(115)22
Comprehensive loss:(1,076)(10)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(31)5
Other undisclosed comprehensive income (loss), net of tax, attributable to parent62(10)
Comprehensive loss, net of tax, attributable to parent:(1,045)(15)

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: