Key Financial Statements Data

As of December 31, (expressed in millions of U.S. dollars)

Balance Sheet Data 2016 2015 2014
Total investments, funds held – directly managed and cash and cash equivalents $16,853 $16,455 $17,222
Total assets $21,939 $21,406 $22,270
Unpaid losses and loss expenses $10,969 $11,117 $11,796
Total shareholders’ equity attributable to PartnerRe Ltd. $6,688 $6,901 $7,049
Total capital $8,025 $7,714 $7,862
Book value $5,984 $6,047 $6,195

For the years ended December 31, (expressed in millions of U.S. dollars)

Operating Data 2016 2015 2014
Gross premiums written $5,357 $5,548 $5,932
Net premiums written $4,953 $5,230 $5,720
Net premiums earned $4,970 $5,269 $5,609
Net investment income $411 $450 $480
Total revenues $5,422 $5,431 $6,477
Net income available to common shareholders1 $517 $453 $998
Net income ROE1 8.6% 7.4% 16.6%
Operating earnings available to common shareholders1 $413 $749 $755
Operating return on average common shareholders’ equity1 6.9% 12.2% 12.5%

1Data adjusted by transaction and severance costs. Transaction costs include costs incurred related to the Exor acquisition in 2016; the terminated amalgamation with Axis Capital in 2015; the losses on redemption of senior notes and preferred shares in the fourth quarter of 2016; and the negotiated earn-out consideration paid to the former shareholders of Presidio Reinsurance Group, Inc. in 2015. Severance costs include costs incurred associated with the reorganization of the Company’s operations and costs related to certain executive changes.

Non-life Ratios 2016 2015 2014
Loss ratio 60.3% 54.0% 56.1%
Acquisition ratio 27.4% 26.2% 24.3%
Other expense ratio 5.9% 5.4% 5.8%
Combined ratio 93.6% 85.6% 86.2%

Net Premiums Earned 2016 2015 2014
Total Non-life $3,853 $4,060 $4,387
Life and Health $1,117 $1,209 $1,222
Total $4,970 $5,269 $5,609
Find a Contact