THIRD POINT REINSURANCE LTD. TPRE Income Statement

Third point reinsurance ltd. (TPRE)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Revenues
Gross premiums written
631,846	578,252	641,620	617,374	702,414	613,300	401,937	190,374
Gross premiums ceded
9,265	19,895	2,475	2,325	1,876	150	9,975	0
Net premiums written
622,581	558,357	639,145	615,049	700,538	613,150	391,962	190,374
Change in net unearned premium reserves
77,561	63,085	-92,087	-24,859	-97,714	-168,618	-171,295	-93,893
Net premiums earned
700,142	621,442	547,058	590,190	602,824	444,532	220,667	96,481
Net investment income (loss) from investment in related party investment fund
249,626	-280,847	0	0	-	-	-	-
Other net investment income
32,934	59,259	522,664	158,532	15,203	-	-	-
Affiliate Costs
0	29,845	130,711	59,707	43,277	-	-	-
Net investment income (loss)
282,560	-251,433	391,953	98,825	-28,074	85,582	258,125	136,868
Total revenues
982,702	370,009	939,011	689,015	574,750	530,114	478,792	233,349
Expenses
Loss and loss adjustment expenses incurred, net
403,499	438,414	370,058	395,932	415,191	283,147	139,812	80,306
Acquisition costs, net
295,626	206,498	188,904	222,150	191,216	137,206	67,944	24,604
General and Administrative Expense
53,763	36,241	53,103	39,367	46,033	40,008	33,036	27,376
Other Operating Income (Expense), Net
-16,619	-9,610	-12,674	-8,387	8,614	7,395	4,922	446
Interest Expense
8,228	8,228	8,225	8,231	7,236	0	0	-
Foreign Currency Transaction Gain (Loss), before Tax
-3,635	7,503	-12,300	19,521	3,196	0	0	-
Total expenses
781,370	691,488	645,264	654,546	665,094	467,756	245,714	132,732
Income (loss) before income tax expense
201,332	-321,479	293,747	34,469	-90,344	62,358	233,078	100,617
Income tax expense
713	-4,010	11,976	5,593	-2,905	5,648	0	0
Net income (loss)
200,619	-317,469	281,771	28,876	-87,439	56,710	233,078	100,617
Net income attributable to noncontrolling interests in related party
0	223	3,973	1,241	-49	6,315	5,767	1,216
Net Income (Loss) Attributable to Parent
200,619	-317,692	277,798	27,635	-87,390	50,395	227,311	99,401
Earnings Per Share [Abstract]
Basic earnings (loss) per share available to Third Point Re common share holders (in dollars per share)
2.18	-3.27	2.71	0.26	-0.84	0.48	2.58	1.26
Diluted earnings (loss) per share available to Third Point Re common share holders (in dollars per share)
2.16	-3.27	2.64	0.26	-0.84	0.47	2.54	1.26
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic (in shares)
91,835	97,054	102,264	104,060	104,003	103,287	87,505	78,432
Diluted (in shares)
92,652	97,054	105,227	105,563	104,003	106,391	88,970	78,598