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Tower Group International, Ltd. (TWGP)
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| Balance Sheet |
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| Standardized | As Reported |
Annual | Quarterly |
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| In millions, except per share items | Jun-30-14 | Mar-31-14 | Dec-31-13 | Sep-30-13 | Jun-30-13 | Mar-31-13 | Dec-31-12 | Sep-30-12 |
| | 10-Q | 10-Q/A | 10-Q/A | 8-K | | 10-Q/A | 10-K | 10-Q/A |
| Assets | | | | | | | | |
| Available-for-sale investments, at fair value: | | | | | | | | |
| Fixed-maturity securities | 1,434.4 | 1,451.4 | 1,642.7 | | | 2,407.8 | 2,344.7 | 2,436.8 |
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| Equity securities | | | | | | | | |
| Short-term investments | | | | | | | | |
| Other invested assets | | | | | | | | |
| Total investments | 1,507.6 | 1,571.2 | 1,851.4 | | | 2,638.2 | 2,553.5 | 2,625.2 |
| Cash and cash equivalents | 264.9 | 454.9 | 293.9 | 379.6 | | 229.9 | 83.8 | 179.4 |
| Investment income receivable | 9.7 | 12.1 | 17.5 | | | 29.5 | 25.3 | 30.2 |
| Premiums receivable | 266.7 | 274.2 | 309.5 | | | 408.3 | 412.0 | 392.7 |
| Reinsurance recoverable on paid losses | 51.3 | 36.8 | 69.0 | | | 49.7 | 17.6 | 19.9 |
| Reinsurance recoverable on unpaid losses | 455.5 | 388.6 | 570.9 | | | 850.2 | 459.5 | 313.6 |
| Prepaid reinsurance premiums | 462.7 | 481.2 | 186.5 | | | 234.2 | 63.9 | 62.8 |
| Deferred acquisition costs, net | 10.7 | 22.2 | 95.1 | | | 199.1 | 181.2 | |
| Intangible assets | 79.4 | 79.7 | 79.9 | 80.2 | | 104.6 | 106.8 | 108.8 |
| Funds held by reinsured companies | 77.3 | 88.3 | 98.8 | | | 829.7 | 137.5 | 124.4 |
| Other assets | 265.9 | 309.4 | 383.1 | 362.8 | | 436.4 | 358.0 | 320.8 |
| Total assets | 3,451.6 | 3,718.6 | 3,955.5 | 4,632.6 | | 6,347.7 | 4,712.5 | 4,684.4 |
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| Liabilities | | | | | | | | |
| Loss and loss adjustment expenses | 1,987.6 | 2,044.3 | 2,081.3 | | | 2,431.3 | 1,895.7 | 1,694.7 |
| Unearned premium | 641.3 | 685.6 | 763.1 | | | 1,122.4 | 921.3 | 927.3 |
| Reinsurance balances payable | 157.7 | 202.6 | 89.8 | | | 39.2 | 41.3 | 20.9 |
| Funds held under reinsurance agreements | 82.0 | 81.4 | 222.2 | | | 634.1 | 98.6 | 88.8 |
| Other liabilities | 189.4 | 257.5 | 286.2 | 278.6 | | 464.3 | 297.0 | 341.3 |
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| Deferred income taxes | | | | | | | | |
| Debt | 384.4 | 383.6 | 382.8 | | | 450.5 | 449.7 | 449.0 |
| Total liabilities | 3,472.1 | 3,684.6 | 3,854.8 | 4,409.9 | | 5,161.6 | 3,728.3 | 3,585.2 |
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| Contingencies (Note 16) | | | | | | | | |
| Shareholders' equity | | | | | | | | |
| Common stock ($0.01 par value; 150 | 0.6 | 0.6 | 0.6 | 0.6 | | 0.6 | 0.5 | 0.5 |
| Treasury stock (139,568 and 55,471 shares) | -0.1 | -0.1 | 0.0 | 0.0 | | | -181.4 | -181.4 |
| Paid-in-capital | 815.1 | 814.9 | 815.1 | 814.9 | | 812.2 | 780.0 | 777.9 |
| Accumulated other comprehensive loss | -30.7 | -32.2 | -19.5 | -7.7 | | 161.4 | 171.4 | 96.9 |
| Retained earnings (accumulated deficit) | -795.8 | -747.1 | -700.6 | -600.0 | | 273.9 | 268.2 | 357.6 |
| Tower Group International, Ltd. shareholders' equity (deficit) | -11.0 | 36.1 | 95.6 | 222.7 | | 1,164.9 | 950.1 | 1,051.5 |
| Noncontrolling interests | -9.6 | -2.1 | 5.2 | | | 21.2 | 34.2 | 47.8 |
| Total shareholders' equity (deficit) | -20.6 | 34.0 | 100.7 | | | 1,186.1 | 984.2 | 1,099.3 |
| Total liabilities and shareholders' equity (deficit) | 3,451.6 | 3,718.6 | 3,955.5 | 4,632.6 | | 6,347.7 | 4,712.5 | 4,684.4 |
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