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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Investment in related party investment fund, at fair value (cost - $891,850; 2018 - $1,564,850) $ 860,630 $ 1,284,004
Equity securities, trading, at fair value (cost - N/A; 2018 - N/A) 4,000  
Debt securities, trading, at fair value (cost - $129,330; 2018 - $252,362) 125,071 239,640
Other investments, at fair value 4,000 84
Total investments 989,701 1,523,728
Cash and cash equivalents 639,415 104,183
Restricted cash and cash equivalents 1,014,543 609,154
Due from brokers 0 1,411
Interest and dividends receivable 2,178 1,316
Reinsurance balances receivable 596,120 602,448
Deferred acquisition costs, net 154,717 203,842
Unearned premiums ceded 16,945 17,552
Loss and loss adjustment expenses recoverable 5,520 2,031
Other assets 20,555 20,569
Total assets 3,439,694 3,086,234
Liabilities    
Accounts payable and accrued expenses 17,816 7,261
Reinsurance balances payable 81,941 69,701
Deposit liabilities 172,259 145,342
Unearned premium reserves 524,768 602,936
Loss and loss adjustment expense reserves 1,111,692 937,157
Participation agreement with related party investment fund 0 2,297
Interest and dividends payable 3,055 3,055
Senior notes payable, net of deferred costs 114,089 113,911
Total liabilities 2,025,620 1,881,660
Commitments and contingent liabilities
Shareholders’ equity    
Preference shares (par value $0.10; authorized, 30,000,000; none issued) 0 0
Common shares (issued and outstanding: 94,225,498; 2018 - 93,639,610) 9,423 9,364
Additional paid-in capital 927,704 918,882
Retained earnings 476,947 276,328
Shareholders’ equity attributable to Third Point Re common shareholders 1,414,074 1,204,574
Total liabilities and shareholders’ equity $ 3,439,694 $ 3,086,234