Third point reinsurance ltd. (TPRE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Net income (loss)

200,619

-317,469

281,771

28,876

-87,439

56,710

233,078

100,617

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Share compensation expense

7,061

4,956

3,599

8,938

10,871

9,258

9,800

6,408

Net interest expense on deposit liabilities

5,879

-1,273

2,800

-164

6,471

4,346

4,271

296

Net realized and unrealized gain on investments and derivatives

2,522

34,145

480,045

105,262

-32,354

-85,057

78,490

113,271

Net realized and unrealized (gain) loss on investment in related party investment fund

249,626

-280,847

0

0

-

-

-

-

Net realized gain on investments and derivatives

-

-

-

-

16,655

193,957

236,333

55,632

Foreign Currency Transaction Gain (Loss), before Tax

-3,635

7,503

-12,300

19,521

3,196

0

0

-

Amortization of premium and accretion of discount, net

1,382

-4,134

-473

-5,118

-324

1,044

262

2,434

Changes in assets and liabilities:
Reinsurance balances receivable

-30,039

120,620

86,606

86,612

-8,768

111,886

107,483

84,280

Deferred acquisition costs, net

-49,125

-54,951

37,175

24,525

41,192

64,708

45,810

45,383

Unearned premiums ceded

-607

16,503

354

508

-

-

0

-

Loss and loss adjustment expenses recoverable

3,489

918

1,112

-124

-

-

9,277

0

Other assets

172

13,486

-9,137

4,619

7,815

-8,349

275

1,701

Interest and dividends receivable, net

862

2,716

-3,563

-3,225

4,382

38

1,034

833

Unearned premium reserves

-78,168

-46,582

92,442

25,366

97,901

168,622

171,294

93,893

Loss and loss adjustment expense reserves

157,849

225,670

97,922

156,644

192,433

143,031

67,060

-67,271

Accounts payable and accrued expenses

10,555

-24,684

24,212

-2,095

1,881

629

4,089

4,157

Reinsurance balances payable

11,964

28,728

-1,463

19,786

-2,548

18,061

9,081

0

Net cash provided by (used in) operating activities

141,112

13,387

-78,536

4,771

187,776

122,430

19,709

-30,892

Investing activities
Proceeds from redemptions from related party investment fund

760,000

142,968

0

-

-

-

-

-

Contributions to related party investment fund

87,000

136,626

0

-

-

-

-

-

Payments to Acquire Trading Securities Held for Investment, Related Party Investment Fund

-

-

-

0

-

-

-

-

Change in participation agreement with related party investment fund

-2,297

-20,852

0

0

-

-

-

-

Purchases of investments

331,463

3,483,319

3,099,525

3,729,944

3,360,626

3,114,906

2,172,077

2,317,234

Proceeds from sales and maturities of investments

446,206

3,475,515

3,228,251

3,504,598

2,829,523

2,857,404

1,943,655

1,521,110

Purchases of investments to cover short sales

0

853,798

791,753

1,264,404

543,936

232,568

407,965

535,443

Proceeds from short sales of investments

0

800,508

1,048,552

1,046,422

792,344

278,569

290,770

729,182

Change in due to/from brokers, net

1,411

482,778

-149,898

367,019

-6,377

307,884

12,162

-65,678

Decrease in securities purchased under an agreement to sell

-

-

-

-

29,852

8,294

22,261

-60,408

Increase (decrease) in securities sold under an agreement to repurchase

0

-29,618

29,618

-8,944

8,944

0

0

-

Change in restricted cash and cash equivalents

-

-

-

-

-86,392

223,730

115,950

77,627

Net cash used in investing activities

786,857

377,556

265,245

-85,253

-163,884

-119,053

-427,144

-806,098

Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs

1,888

0

1,505

5,141

4,332

599

286,095

158,593

Taxes paid on withholding shares

68

74

0

0

-

-

-

-

Purchases of Third Point Re common shares under share repurchase program

0

-138,705

-40,864

-7,389

0

0

-

-

Proceeds from issuance of senior notes payable, net of costs

-

-

-

-

113,220

0

0

-

Net payments on deposit liability contracts

10,832

9,790

19,113

22,023

-65,842

18,048

65,769

50,000

Change in total noncontrolling interests in related party, net

0

-97,950

73,979

18,276

-24,137

-31,066

27,867

38,913

Non-controlling interest in Catastrophe Fund

-

-

-

-

-

6,151

25,324

19,646

Noncontrolling interest in Catastrophe Fund Manager

-

-

-

-

59,792

0

0

-2

Net cash used in financing activities

12,652

-226,939

53,733

38,051

-32,219

-6,268

405,055

267,154

Net decrease in cash, cash equivalents and restricted cash

940,621

164,004

240,442

-42,431

-8,327

-2,891

-2,380

-569,836

Supplementary information
Interest paid in cash

8,051

25,578

21,394

23,027

9,311

3,237

4,221

1,823

Income taxes paid in cash

10

7,274

7,810

5,950

4,429

3,056

0

0

Non-cash Transfer of Investment Asset to Related Party Investments Fund

0

1,571,191

0

0

-

-

-

-