| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Net premiums earned | |||||||||
10,336 | 9,777 | 8,226 | 5,895 | 6,309 | 6,090 | 5,690 | 5,414 | 5,706 | 6,640 |
Net investment income | |||||||||
829 | 827 | 872 | 918 | 957 | 1,012 | 1,137 | 1,198 | 1,319 | 1,768 |
Realized investment gains (losses): | |||||||||
Net realized gains (losses) on investments AFS | |||||||||
- | - | - | - | - | - | -28 | -65 | -108 | 61 |
Other-than-temporary impairments | |||||||||
- | - | - | - | - | - | 174 | -170 | -992 | -1,023 |
OTTI transferred to (from) other comprehensive income | |||||||||
- | - | - | - | - | - | -13 | 34 | -179 | - |
Total realized investment gains (losses) | |||||||||
221 | 372 | 202 | 107 | 87 | 14 | -188 | -270 | -921 | -962 |
Net realized and unrealized gains (losses) on derivative instruments | |||||||||
-41 | 2 | 53 | 29 | 7 | 5 | -10 | -33 | -33 | -73 |
Income (loss) from investment affiliates | |||||||||
139 | 70 | 73 | 95 | 138 | 58 | 26 | 51 | 78 | -277 |
Fee income and other | |||||||||
48 | 35 | 33 | 43 | 40 | 51 | 41 | 40 | 43 | 52 |
Total revenues | |||||||||
11,328 | 10,546 | 9,308 | 6,602 | 7,541 | 7,232 | 6,696 | 6,398 | 6,193 | 7,148 |
Expenses: | |||||||||
Net losses and loss expenses incurred | |||||||||
8,001 | 6,072 | 4,766 | 3,258 | 3,731 | 3,765 | 4,078 | 3,211 | 3,168 | 3,962 |
Claims and policy benefits | |||||||||
39 | 28 | 115 | 242 | 465 | 486 | 535 | 513 | 677 | 769 |
Deferred Policy Acquisition Costs, Amortization Expense | |||||||||
1,788 | 1,620 | 1,317 | 738 | 909 | 913 | 826 | 788 | 853 | 944 |
Operating expenses | |||||||||
1,757 | 2,063 | 1,966 | 1,341 | 1,213 | 1,173 | 1,083 | 972 | 1,055 | 1,161 |
Foreign exchange (gains) losses | |||||||||
-44 | 9 | -22 | 37 | 28 | -10 | 40 | 10 | -84 | 184 |
Loss (gain) sale of subsidiaries | |||||||||
0 | 7 | 0 | -666 | 0 | 0 | - | - | - | - |
Extinguishment of debt | |||||||||
-1 | 0 | -5 | 0 | 0 | - | - | - | - | -22 |
Interest expense | |||||||||
190 | 209 | 205 | 134 | 155 | 172 | 205 | 213 | 216 | 351 |
Impairment of goodwill | |||||||||
- | - | - | - | - | - | 429 | 0 | 0 | 989 |
Loss on termination of guarantee | |||||||||
- | - | - | - | - | - | - | -23 | 0 | - |
Amortization of intangible assets | |||||||||
- | - | - | - | - | - | - | - | 1 | 2 |
Benefits, Losses and Expenses | |||||||||
11,822 | 9,978 | 8,399 | 6,343 | 6,446 | 6,521 | 7,117 | 5,713 | 6,058 | 8,021 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | |||||||||
-494 | 567 | 909 | 258 | 1,094 | 710 | -420 | 684 | 134 | -872 |
Income (loss) from operating affiliates | |||||||||
63 | 44 | 44 | 107 | 119 | 53 | 76 | 121 | 60 | -1,458 |
Gain on sale of operating affiliate | |||||||||
0 | 0 | 340 | 0 | 0 | - | - | - | - | - |
Provision (benefit) for income tax | |||||||||
59 | 42 | -19 | 96 | 77 | 34 | 59 | 162 | 120 | 222 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
-490 | 570 | 1,313 | 268 | 1,136 | 730 | -403 | 643 | 74 | -2,553 |
Non-controlling interests | |||||||||
70 | 129 | 106 | 80 | 76 | 79 | 70 | 39 | -0 | - |
Net Income (Loss) Attributable to Parent | |||||||||
-560 | 440 | 1,207 | 188 | 1,059 | 651 | -474 | 603 | 74 | -2,553 |
Dividends on Series C and Series E preference ordinary shares | |||||||||
- | - | - | - | - | - | - | 34 | - | - |
Preference share dividends | |||||||||
- | - | - | - | - | - | - | - | 80 | 78 |
Gain on redemption of Redeemable Series C preference ordinary shares | |||||||||
- | - | - | - | - | - | - | 16 | 211 | 0 |
Net income (loss) attributable to ordinary shareholders | |||||||||
- | - | - | - | - | - | - | 585 | 206 | -2,632 |
Weighted average common shares outstanding - basic (in thousands of shares) | |||||||||
259 | 278 | 286 | 267 | 287 | 307 | 312 | 336 | 340 | 240 |
Weighted average common shares outstanding - diluted (in thousands of shares) | |||||||||
259 | 282 | 290 | 271 | 292 | 310 | 312 | 337 | 340 | 240 |
Earnings (loss) per common share and common share equivalent - basic (in dollars per share) | |||||||||
-2.16 | 1.58 | 4.22 | 0.71 | 3.68 | 2.12 | -1.52 | 1.74 | 0.61 | -10.94 |
Earnings (loss) per common share and common share equivalent - diluted (in dollars per share) | |||||||||
-2.16 | 1.56 | 4.15 | 0.69 | 3.63 | 2.10 | -1.52 | 1.73 | 0.61 | -10.94 |
Excluding Life Funds Withheld Assets | |||||||||
Net investment income | |||||||||
702 | - | - | - | - | - | - | - | - | - |
Net realized gains (losses) on investments AFS | |||||||||
135 | - | - | - | - | - | - | - | - | - |
Other-than-temporary impairments | |||||||||
12 | - | - | - | - | - | - | - | - | - |
OTTI transferred to (from) other comprehensive income | |||||||||
0 | - | - | - | - | - | - | - | - | - |
Life Funds Withheld Assets [Member] | |||||||||
Net investment income | |||||||||
127 | - | - | - | - | - | - | - | - | - |
Net realized gains (losses) on investments AFS | |||||||||
115 | - | - | - | - | - | - | - | - | - |
Other-than-temporary impairments | |||||||||
1 | - | - | - | - | - | - | - | - | - |
Net realized and unrealized gains (losses) on derivative instruments | |||||||||
-206 | - | - | - | - | - | - | - | - | - |
Life Funds Withheld Assets | |||||||||
Net unrealized gains (losses) on investments, Trading - Life Funds Withheld Assets | |||||||||
-14 | - | - | - | - | - | - | - | - | - |
Exclude Life Funds Withheld Assets | |||||||||
Total net realized gains (losses) on investments, and net unrealized gains (losses) on investments, Trading | |||||||||
122 | - | - | - | - | - | - | - | - | - |