THIRD POINT REINSURANCE LTD. TPRE Income Statement

Third point reinsurance ltd. (TPRE)

Income statement / TTM

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
516,386	631,846	617,679	552,355	519,483	578,252	622,352	766,827	873,626	641,620	558,236	526,270	566,572	617,374	635,750	698,760	686,236	702,414	857,061	777,881	739,047	613,300	521,775	440,797	393,504	401,937	267,555	263,781	193,744	190,374	162,479	0	0	0
Gross premiums ceded
8,288	9,265	5,071	3,955	5,961	19,895	18,050	18,050	15,996	2,475	2,523	3,450	3,450	2,325	2,376	1,824	1,824	1,876	1,852	1,627	202	150	150	0	0	9,975	9,975	9,975	9,975	0	0	0	0	0
Net premiums written
508,098	622,581	612,608	548,400	513,522	558,357	604,302	748,777	857,630	639,145	555,713	522,820	563,122	615,049	633,374	696,936	684,412	700,538	855,209	776,254	738,845	613,150	521,625	440,797	393,504	391,962	257,580	253,806	183,769	190,374	162,479	0	0	0
Change in net unearned premium reserves
185,309	77,561	98,612	87,565	118,484	63,085	-62,814	-229,307	-306,095	-92,087	53,912	109,013	28,275	-24,859	-100,901	-83,841	-83,861	-97,714	-203,179	-224,081	-228,500	-168,618	-202,155	-163,946	-133,116	-171,295	-61,938	-90,175	-67,584	-93,893	-99,483	0	0	0
Net premiums earned
693,407	700,142	711,220	635,965	632,006	621,442	541,488	519,470	551,535	547,058	609,625	631,833	591,397	590,190	532,473	613,095	600,551	602,824	652,030	552,173	510,345	444,532	319,470	276,851	260,388	220,667	195,642	163,631	116,185	96,481	62,996	0	0	0
Net investment income (loss) from investment in related party investment fund
-98,180	249,626	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other net investment income
40,760	32,934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment income (loss)
-57,420	282,560	-55,864	-56,316	-94,272	-251,433	92,527	185,085	261,235	391,953	289,036	288,424	267,445	98,825	196,145	-85,367	-133,102	-28,074	-96,117	98,591	100,465	85,582	181,393	234,458	226,799	258,125	241,315	234,384	183,935	136,422	63,911	0	0	0
Total revenues
635,987	982,702	655,356	579,649	537,734	370,009	634,015	704,555	812,770	939,011	898,661	920,257	858,842	689,015	728,618	527,728	467,449	574,750	555,913	650,764	610,810	530,114	500,863	511,309	487,187	478,792	436,957	398,015	300,120	232,903	126,907	0	0	0
Expenses
Loss and loss adjustment expenses incurred, net
396,217	403,499	436,193	439,196	440,862	438,414	364,835	353,404	376,783	370,058	392,659	400,399	397,151	395,932	372,677	446,199	418,121	415,191	448,700	350,278	318,634	283,147	186,916	166,150	167,433	139,812	130,305	115,665	86,659	80,306	53,680	0	0	0
Acquisition costs, net
287,381	295,626	290,443	213,013	212,591	206,498	181,667	174,800	185,857	188,904	233,921	245,074	224,915	222,150	183,848	189,230	188,246	191,216	196,539	184,347	166,432	137,206	112,164	94,964	80,302	67,944	60,009	49,748	36,965	24,604	13,706	0	0	0
General and Administrative Expense
51,790	53,763	48,572	48,846	38,892	36,241	42,987	46,694	52,012	53,103	44,286	43,422	38,651	39,367	44,121	41,589	45,613	46,033	46,107	46,409	41,691	40,008	38,663	38,385	36,053	33,036	31,226	27,820	30,224	27,376	21,351	0	0	0
Other Operating Income (Expense), Net
-15,971	-16,619	-15,988	-9,568	-9,740	-9,610	-10,438	-15,646	-13,768	-12,674	-6,691	-2,498	2,780	8,387	9,154	9,477	8,619	8,614	8,292	10,604	9,309	7,395	7,036	5,300	5,039	4,922	0	0	0	-	-	-	-	-
Interest Expense
8,247	8,228	8,228	8,228	8,228	8,228	8,228	8,228	8,228	8,225	8,219	8,214	8,209	8,231	8,237	8,242	8,248	7,236	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
7,100	-3,635	9,951	7,009	11,596	7,503	2,148	-5,268	-18,896	-12,300	-5,071	4,271	17,120	19,521	16,755	13,596	5,389	3,196	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
752,506	781,370	789,473	711,842	698,717	691,488	606,007	604,040	655,544	645,264	695,169	700,352	660,388	654,546	601,282	681,141	663,458	665,094	704,000	594,672	536,909	467,756	344,779	304,799	288,827	245,714	224,215	194,662	154,518	132,286	88,737	0	0	0
Income (loss) before income tax expense
-116,519	201,332	-134,117	-132,193	-160,983	-321,479	28,008	100,515	157,226	293,747	203,492	219,905	198,454	34,469	127,336	-153,413	-196,009	-90,344	-148,087	56,092	73,901	62,358	0	0	0	-	-	-	-	-	-	-	-	-
Income tax expense
-586	713	-6,986	-6,884	-2,420	-4,010	2,303	5,889	6,806	11,976	13,808	12,817	12,820	5,593	8,728	-1,537	-6,139	-2,905	-4,037	5,286	6,953	5,648	0	0	0	-	-	-	-	-	-	-	-	-
Net income (loss)
-	200,619	-127,131	-125,309	-	-317,469	25,705	94,626	150,420	281,771	189,684	207,088	185,634	28,876	118,608	-151,876	-189,870	-87,439	-144,050	50,806	66,948	56,710	152,167	204,135	198,360	233,078	212,742	203,353	145,602	100,617	38,170	0	0	0
Net income attributable to noncontrolling interests in related party
-	0	0	4	-	223	1,036	1,991	2,809	3,973	2,928	2,936	2,684	1,241	2,087	-601	-881	-49	212	5,350	5,862	6,315	7,005	6,406	5,700	5,767	4,809	2,414	1,993	1,216	609	0	0	0
Net Income (Loss) Attributable to Parent
-115,933	200,619	-127,131	-125,313	-158,776	-317,692	24,669	92,635	147,611	277,798	186,756	204,152	182,950	27,635	116,521	-151,275	-188,989	-87,390	-144,262	45,456	61,086	50,395	145,162	197,729	192,660	227,311	207,933	200,939	143,609	99,401	37,561	0	0	0
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