THIRD POINT REINSURANCE LTD. TPRE Income Statement

Third point reinsurance ltd. (TPRE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11
Revenues
Gross premiums written
204,131	134,230	95,388	82,637	319,591	120,063	30,064	49,765	378,360	164,163	174,539	156,564	146,354	80,779	142,573	196,866	197,156	99,155	205,583	184,342	213,334	253,802	126,403	145,508	87,587	162,277	45,425	98,215	96,020	27,895	41,651	28,178	92,650	0
Gross premiums ceded
-265	5,964	1,116	1,473	712	1,770	0	3,479	14,646	-75	0	1,425	1,125	-27	927	1,425	0	24	375	1,425	52	0	150	0	0	0	0	0	9,975	0	0	0	0	0
Net premiums written
204,396	128,266	94,272	81,164	318,879	118,293	30,064	46,286	363,714	164,238	174,539	155,139	145,229	80,806	141,646	195,441	197,156	99,131	205,208	182,917	213,282	253,802	126,253	145,508	87,587	162,277	45,425	98,215	86,045	27,895	41,651	28,178	92,650	0
Change in net unearned premium reserves
-58,081	70,126	108,976	64,288	-165,829	91,177	97,929	95,207	-221,228	-34,722	-68,564	18,419	-7,220	111,277	-13,463	-62,319	-60,354	35,235	3,597	-62,339	-74,207	-70,230	-17,305	-66,758	-14,325	-103,767	20,904	-35,928	-52,504	5,590	-7,333	-13,337	-78,813	0
Net premiums earned
146,315	198,392	203,248	145,452	153,050	209,470	127,993	141,493	142,486	129,516	105,975	173,558	138,009	192,083	128,183	133,122	136,802	134,366	208,805	120,578	139,075	183,572	108,948	78,750	73,262	58,510	66,329	62,287	33,541	33,485	34,318	14,841	13,837	0
Net investment income (loss) from investment in related party investment fund
-200,815	42,029	-5,751	66,357	146,991	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other net investment income
15,788	19,585	2,613	2,774	7,962	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment income (loss)
-185,027	61,614	-3,138	69,131	154,953	-276,810	-3,590	31,175	-2,208	67,150	88,968	107,325	128,510	-35,767	88,356	86,346	-40,110	61,553	-193,156	38,611	64,918	-6,490	1,552	40,485	50,035	89,321	54,617	32,826	81,361	72,511	47,686	-17,623	33,848	0
Total revenues
-38,712	260,006	200,110	214,583	308,003	-67,340	124,403	172,668	140,278	196,666	194,943	280,883	266,519	156,316	216,539	219,468	96,692	195,919	15,649	159,189	203,993	177,082	110,500	119,235	123,297	147,831	120,946	95,113	114,902	105,996	82,004	-2,782	47,685	0
Expenses
Loss and loss adjustment expenses incurred, net
87,786	140,394	85,703	82,334	95,068	173,088	88,706	84,000	92,620	99,509	77,275	107,379	85,895	122,110	85,015	104,131	84,676	98,855	158,537	76,053	81,746	132,364	60,115	44,409	46,259	36,133	39,349	45,692	18,638	26,626	24,709	16,686	12,285	0
Acquisition costs, net
49,253	61,851	118,271	58,006	57,498	56,668	40,841	57,584	51,405	31,837	33,974	68,641	54,452	76,854	45,127	48,482	51,687	38,552	50,509	47,498	54,657	43,875	38,317	29,583	25,431	18,833	21,117	14,921	13,073	10,898	10,856	2,138	712	0
General and Administrative Expense
10,159	12,744	9,237	19,650	12,132	7,553	9,511	9,696	9,481	14,299	13,218	15,014	10,572	5,482	12,354	10,243	11,288	10,236	9,822	14,267	11,708	10,310	10,124	9,549	10,025	8,965	9,846	7,217	7,008	7,155	6,440	9,621	4,160	1,130
Other Operating Income (Expense), Net
-3,477	-3,625	-5,058	-3,811	-4,125	-2,994	1,362	-3,983	-3,995	-3,822	-3,846	-2,105	-2,901	2,161	347	3,173	2,706	2,928	670	2,315	2,701	2,606	2,982	1,020	787	2,247	1,246	759	670	-	-	-	-	-
Interest Expense
2,048	2,074	2,074	2,051	2,029	2,074	2,074	2,051	2,029	2,074	2,074	2,051	2,026	2,068	2,069	2,046	2,048	2,074	2,074	2,052	1,036	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
8,217	-10,298	4,921	4,260	-2,518	3,288	1,979	8,847	-6,611	-2,067	-5,437	-4,781	-15	5,162	3,905	8,068	2,386	2,396	746	-139	193	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
144,506	230,986	215,422	161,592	173,370	239,089	137,791	148,467	166,141	153,608	135,824	199,971	155,861	203,513	141,007	160,007	150,019	150,249	220,866	142,324	151,655	189,155	111,538	84,561	82,502	66,178	71,558	68,589	39,389	44,679	42,005	28,445	17,157	1,130
Income (loss) before income tax expense
-183,218	29,020	-15,312	52,991	134,633	-306,429	-13,388	24,201	-25,863	43,058	59,119	80,912	110,658	-47,197	75,532	59,461	-53,327	45,670	-205,217	16,865	52,338	-12,073	-1,038	34,674	40,795	-	-	-	-	-	-	-	-	-
Income tax expense
419	-718	-213	-74	1,718	-8,417	-111	4,390	128	-2,104	3,475	5,307	5,298	-272	2,484	5,310	-1,929	2,863	-7,781	708	1,305	1,731	1,542	2,375	0	-	-	-	-	-	-	-	-	-
Net income (loss)
-	29,738	-15,099	53,065	-	-298,012	-13,277	19,811	-25,991	45,162	55,644	75,605	105,360	-46,925	73,048	54,151	-51,398	42,807	-197,436	16,157	51,033	-13,804	-2,580	32,299	40,795	81,653	49,388	26,524	75,513	61,317	39,999	-31,227	30,528	-1,130
Net income attributable to noncontrolling interests in related party
-	0	0	0	-	0	4	209	10	813	959	1,027	1,174	-232	967	775	-269	614	-1,721	495	563	875	3,417	1,007	1,016	1,565	2,818	301	1,083	607	423	-120	306	0
Net Income (Loss) Attributable to Parent
-183,637	29,738	-15,099	53,065	132,915	-298,012	-13,281	19,602	-26,001	44,349	54,685	74,578	104,186	-46,693	72,081	53,376	-51,129	42,193	-195,715	15,662	50,470	-14,679	-5,997	31,292	39,779	80,088	46,570	26,223	74,430	60,710	39,576	-31,107	30,222	-1,130
Earnings Per Share [Abstract]
Basic earnings (loss) per share available to Third Point Re common share holders (in dollars per share)
-1.99	0.32	-0.16	0.58	1.45	-3.24	-0.14	0.20	-0.26	0.44	0.54	0.73	1.00	-0.45	0.69	0.51	-0.49	0.40	-1.88	0.15	0.48	-0.14	-0.06	0.30	0.38	0.77	0.52	0.33	0.94	0.77	0.50	-0.40	0.38	-0.01
Diluted earnings (loss) per share available to Third Point Re common share holders (in dollars per share)
-1.99	0.32	-0.16	0.57	1.43	-3.24	-0.14	0.19	-0.26	0.42	0.52	0.71	0.98	-0.45	0.68	0.51	-0.49	0.39	-1.88	0.15	0.47	-0.14	-0.06	0.29	0.37	0.75	0.51	0.33	0.93	0.76	0.50	-0.40	0.38	-0.01
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic (in shares)
92,191	91,989	91,903	91,776	91,669	91,967	95,671	99,498	101,195	101,405	101,391	102,283	104,013	104,072	103,780	104,132	104,257	104,217	104,117	103,927	103,753	103,324	103,295	103,264	103,264	103,264	89,620	78,432	78,432	78,432	78,432	78,432	78,432	78,432
Diluted (in shares)
92,191	92,696	91,903	92,801	92,578	91,967	95,671	102,032	101,195	105,524	104,679	104,569	105,701	104,072	105,795	105,233	104,257	106,635	104,117	106,696	106,144	103,324	103,295	106,433	103,413	106,390	90,915	79,254	79,083	78,820	78,551	78,432	78,432	78,432