Validus Holdings LTD (VR) financial statements (2021 and earlier)

Company profile

Business Address 29 RICHMOND 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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,8329,2652,6659,0251,8082,334
Cash and cash equivalents7554207235771,0561,219
Short-term investments13,0778,8451,9428,4487521,114
Total current assets:13,8329,2652,6659,0251,8082,334
Noncurrent Assets
Long-term investments and receivables100 88261141172
Long-term investments100 88261141172
Intangible assets, net (including goodwill)401312318323127131
Goodwill2301971971962020
Intangible assets, net (excluding goodwill)171116121127106111
Regulated entity, other noncurrent assets45    
Total noncurrent assets:506317406584268303
Other undisclosed assets891,7677,4457027,7707,383
TOTAL ASSETS:14,42711,35010,51610,3129,84610,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9,5115,8175,6106,1855,5585,565
Total liabilities:9,5115,8175,6106,1855,5585,565
Stockholders' equity
Stockholders' equity attributable to parent, including:3,8953,8383,6393,5883,7044,021
Common stock282828272727
Treasury stock, value(14)(14)(14)(13)(10)(8)
Additional paid in capital8158211,0031,2071,6782,160
Accumulated other comprehensive loss(22)(23)(13)(9)(1)(3)
Retained earnings2,6892,8772,6342,3742,0101,844
Other undisclosed stockholders' equity attributable to parent400150    
Stockholders' equity attributable to noncontrolling interest17166155459498434
Total stockholders' equity:3,9124,0043,7944,0474,2024,455
Other undisclosed liabilities and equity1,0041,5281,1128087 
TOTAL LIABILITIES AND EQUITY:14,42711,35010,51610,3129,84610,020

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2,7982,4432,3452,0852,1592,061
Financial services revenue2,5812,2492,2472,0022,1021,873
Cost of revenue(3,164)(1,894)(1,790)(1,475)(1,497)(1,625)
Deferred policy acquisition costs, amortization expense(472)(449)(410)(341)360335
Financial services costs(2,300)(1,065)(1,053)(836)(858)(1,053)
Gross profit:(366)549555610661436
Operating expenses   (332)(323)(274)
Other undisclosed operating income   308306163
Operating income (loss):(366)549555585645325
Nonoperating income 194985243149
Investment income, nonoperating 183986541144
Foreign currency transaction gain (loss), before tax 11 (11)35
Other undisclosed loss from continuing operations before equity method investments, income taxes(63)(252)(172)(100)(91)(91)
Income (loss) from continuing operations before equity method investments, income taxes:(429)491481538597383
Income (loss) from equity method investments (0)(4)181413
Income (loss) from continuing operations before income taxes:(429)491477555612395
Income tax expense (benefit)820(6)(0)(0)(3)
Income (loss) before gain (loss) on sale of properties:(422)511470555611393
Other undisclosed net income (loss)17(23)(2)(109)(69) 
Net income (loss):(405)487468446542393
Net income (loss) attributable to noncontrolling interest357(123)(93)35(10)16
Net income (loss) attributable to parent:(48)364375481533408
Preferred stock dividends and other adjustments(16)(4)(4)(6)(19)(7)
Net income (loss) available to common stockholders, basic:(63)359371475513402
Other undisclosed net income available to common stockholders, diluted  46 7
Net income (loss) available to common stockholders, diluted:(63)359375481513408

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(405)487468446542393
Comprehensive income (loss):(405)487468446542393
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(357)(123)(93)3510(16)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent715(11)(4)(8)(21)35
Comprehensive income (loss), net of tax, attributable to parent:(47)353371473531412

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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