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Facts and Figures
As of December 31,
(expressed in millions of U.S. dollars)
2010
2011
2012
Balance Sheet Data
$18,181
$17,898
$18,026
Total investments, funds held - directly managed and cash and cash equivalents
23,364
22,855
22,890
Total assets
12,417
12,919
12,523
Unpaid losses and loss expenses and policy benefits for life and annuity contracts
7,207
6,468
6,933
Total shareholders' equity
8,020
7,281
7,747
Total capital
$93.77
$84.82
$100.84
Diluted book value per common share and common share equivalents
Rating Agency
Rating
Outlook
View Report
A.M. Best
A+
Stable
Moody's
A1
Stable
Standard & Poor's
A+
Stable
Fitch
AA-
Stable
For the years ended December 31,
(expressed in millions of U.S. dollars)
2010
2011
2012
Operating Data
$4,885
$4,633
$4,718
Gross premiums written
4,705
4,486
4,573
Net premiums written
4,776
4,648
4,486
Net premiums earned
673
629
571
Net investment income
5,861
5,352
5,563
Total revenues
853
(520)
1,135
Net income (loss)
492
(642)
664
Operating earnings (loss) available
to common shareholders
7.4%
(10.1)%
12.3%
Operating return on beginning diluted
book value per common share and
common share equivalents outstanding
2010
2011
2012
Non-life Ratios
65.9%
96.7%
58.5%
Loss ratio
21.3%
21.3%
22.3%
Acquisition ratio
7.8%
7.4%
7.0%
Other operating expense ratio
95.0%
125.4%
87.8%
Combined ratio
2010
2011
2012
Net Premiums Earned By
Segment and Sub-Segment
$1,038
$1,135
$1,176
North America
914
759
678
Global (Non-U.S.) Property and Casualty
1,405
1,376
1,373
Global (Non-U.S.) Specialty
672
574
457
Catastrophe
4,029
3,844
3,684
Total Non-life Segment
3
12
7
Corporate and Other
744
792
795
Life Segment
4,776
4,648
4,486
Total
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