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Net investment income Net investment income (Tables)
 12 Months Ended
Dec. 31, 2019
Net Investment Income  
Schedule of Net Investment Income [Table Text Block]
Net investment income (loss) for the years ended December 31, 2019, 2018 and 2017 consisted of the following:
 
2019
 
2018
 
2017
Net investment income (loss) by type

Net realized gains (losses) on investments and investment derivatives
$
(5,850
)
 
$
446,646

 
$
228,628

Net change in unrealized gains (losses) on investments and investment derivatives
8,381

 
(412,650
)
 
251,496

Net gains (losses) on currencies
12,806

 
(7,305
)
 
6,441

Dividend and interest income
18,551

 
53,523

 
65,896

Dividends paid on securities sold, not yet purchased
—

 
(5,259
)
 
(5,724
)
Other expenses
(954
)
 
(15,696
)
 
(24,073
)
Management and performance fees to related parties (1)
—

 
(29,845
)
 
(130,711
)
Net investment income (loss) from investment in related party investment fund (1)
249,626

 
(280,847
)
 
—

Net investment income (loss)
$
282,560

 
$
(251,433
)
 
$
391,953

(1)
Effective August 31, 2018, Third Point Re, Third Point Re BDA and Third Point Re USA entered into the 2018 LPA to invest in TP Fund.  As a result, the management and performance fees are presented within net investment income (loss) from investment in related party investment fund from the effective date of the transition. See Note 9 for additional information regarding management and performance fees.

The following table provides an additional breakdown of our net investment income (loss) by asset and liability type for the years ended December 31, 2019, 2018 and 2017:
 
2019
 
2018
 
2017
Net investment income (loss) by asset type
 
Equity securities
$
—

 
$
70,646

 
$
467,527

Private common equity securities
—

 
(401
)
 
(6
)
Private preferred equity securities
—

 
(2,680
)
 
5,764

Total equities
—

 
67,565

 
473,285

Asset-backed securities
—

 
20,714

 
12,571

Bank debt
—

 
5,326

 
8,868

Corporate bonds
—

 
(2,958
)
 
6,462

Municipal bonds
—

 
9,990

 
—

U.S. Treasury securities
8,703

 
2,787

 
2,366

Sovereign debt
515

 
(7,380
)
 
21,553

Other debt securities
—

 
406

 
2,546

Total debt securities
9,218

 
28,885

 
54,366

Options
—

 
(15,527
)
 
(33,510
)
Rights and warrants
—

 
238

 
169

Real estate
—

 
(186
)
 
502

Trade claims
—

 
(580
)
 
(89
)
Total other investments
—

 
(16,055
)
 
(32,928
)
Net investment income (loss) in funds valued at NAV, excluding TP Fund
(6
)
 
(723
)
 
10,309

Total net investment income from invested assets
9,212

 
79,672

 
505,032

Net investment income (loss) by liability type
 
 
 
 
 
Equity securities
—

 
(32,407
)
 
(35,643
)
Corporate bonds
—

 
(2,452
)
 
(1,725
)
Options
—

 
21,697

 
(2,907
)
Total net investment loss from securities sold, not yet purchased
—

 
(13,162
)
 
(40,275
)
Other investment income (losses) and other expenses not presented above
 
 
 
 
 
Other investment income (expenses)
(954
)
 
903

 
(5,103
)
Net investment income on derivative contracts
—

 
644

 
61,978

Net investment income (loss) on cash, including foreign exchange gain (loss)
24,676

 
(14,885
)
 
(1,454
)
Net investment losses on securities purchased under an agreement to sell and securities sold under an agreement to repurchase
—

 
(238
)
 
(87
)
Withholding taxes reclassified to income tax expense
—

 
6,325

 
2,573

Total other investment income (losses) and other expenses
23,722

 
(7,251
)
 
57,907

Management and performance fees to related parties (1)
—

 
(29,845
)
 
(130,711
)
Net investment income (loss) from investment in related party investment fund (1)
249,626

 
(280,847
)
 
—

Net investment income (loss)
$
282,560

 
$
(251,433
)
 
$
391,953

(1)
Effective August 31, 2018, Third Point Re, Third Point Re BDA and Third Point Re USA entered into the 2018 LPA to invest in TP Fund.  As a result, the management and performance fees are presented within net investment income (loss) from investment in related party investment fund from the effective date of the transition. See Note 9 for additional information regarding management and performance fees.