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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule II - Condensed Financial Information of Registrant | Schedule II - Condensed Financial Information of Registrant Condensed Balance Sheets - Parent company only (expressed in thousands of U.S. dollars)
|  | December 31, 2013 |  | December 31, 2012
Assets |  |  |  |
Cash and cash equivalents |  | $ | 294 |  |  | $ | 169 |
Investments in subsidiaries |  | 1,394,644 |  |  | 870,116 |
Prepaid expenses |  | 720 |  |  | 35 |
Amounts due from affiliates |  | 417 |  |  | 770 |
Total assets |  | $ | 1,396,075 |  |  | $ | 871,090 |
Liabilities and shareholders' equity |  |  |  |
Liabilities |  |  |  |
Accounts payable and accrued expenses |  | $ | 242 |  |  | $ | 394 |
Amounts due to affiliates |  | 4,172 |  |  | 2,152 |
Total liabilities |  | 4,414 |  |  | 2,546 |
Commitments and contingent liabilities |  | — |  |  | — |
Shareholders' equity |  |  |  |
Preference shares (par value $0.10; authorized, 30,000,000; none issued) |  | — |  |  | — |
Common shares (par value $0.10; authorized, 300,000,000; issued and outstanding, 103,888,916 (2012: 78,432,132)) |  | 10,389 |  |  | 7,843 |
Additional paid-in capital |  | 1,055,690 |  |  | 762,430 |
Retained earnings |  | 325,582 |  |  | 98,271 |
Total shareholders' equity |  | 1,391,661 |  |  | 868,544 |
Total liabilities and shareholders' equity |  | $ | 1,396,075 |  |  | $ | 871,090 |
Schedule II - Condensed Financial Information of Registrant Condensed Statements of Income (Loss) - Parent company only For the years ended December 31, 2013 and 2012 and period from October 6, 2011 (date of incorporation) to December 31, 2011 (expressed in thousands of U.S. dollars)
|  | 2013 |  | 2012 |  | 2011
Revenues |  |  |  |  |  |
Equity in earnings of consolidated subsidiaries |  | $ | 228,646 |  |  | $ | 101,346 |  |  | $ | (1,092 | )
Total revenues |  | 228,646 |  |  | 101,346 |  |  | (1,092 | )
Expenses |  |  |  |  |  |
General and administrative expenses |  | 1,335 |  |  | 1,945 |  |  | 38 |
Total expenses |  | 1,335 |  |  | 1,945 |  |  | 38 |
Net income (loss) |  | $ | 227,311 |  |  | $ | 99,401 |  |  | $ | (1,130 | )
Schedule II - Condensed Financial Information of Registrant Condensed Statements of Cashflows - Parent company only For the years ended December 31, 2013 and 2012 and period from October 6, 2011 (date of incorporation) to December 31, 2011 (expressed in thousands of U.S. dollars)
|  | 2013 |  | 2012 |  | 2011
Operating activities |  |  |  |  |  |
Net income (loss) |  | $ | 227,311 |  |  | $ | 99,401 |  |  | $ | (1,130 | )
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities |  |  |  |  |  |
Equity in earnings of subsidiaries |  | (228,646 | ) |  | (101,346 | ) |  | 1,092 |
Changes in assets and liabilities: |  |  |  |  |  |
Prepaid expenses |  | (686 | ) |  | (33 | ) |  | (2 | )
Accounts payable and accrued expenses |  | (66 | ) |  | 682 |  |  | (413 | )
Amounts due from affiliates |  | 353 |  |  | (770 | ) |  | — |
Amounts due to affiliates |  | 2,020 |  |  | 2,152 |  |  | — |
Net cash provided by (used in) operating activities |  | 286 |  |  | 86 |  |  | (453 | )
Investing activities |  |  |  |  |  |
Contributed capital to subsidiaries |  | (286,257 | ) |  | (170,110 | ) |  | (593,343 | )
Net cash used in investing activities |  | (286,257 | ) |  | (170,110 | ) |  | (593,343 | )
Financing activities |  |  |  |  |  |
Proceeds from issuance of common shares, net |  | 286,096 |  |  | 158,593 |  |  | 605,396 |
Net cash provided by financing activities |  | 286,096 |  |  | 158,593 |  |  | 605,396 |
Net increase (decrease) in cash and cash equivalents |  | 125 |  |  | (11,431 | ) |  | 11,600 |
Cash and cash equivalents at beginning of period |  | 169 |  |  | 11,600 |  |  | — |
Cash and cash equivalents at end of period |  | $ | 294 |  |  | $ | 169 |  |  | $ | 11,600 |
Supplemental information: |  |  |  |  |  |
Dividends received from subsidiaries |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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