Overview Financials News + Filings Key Docs Charts Ownership Insiders
|
In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
| 10-Q/A | 10-K | 10-K/A | 10-K/A | 10-K | 10-K | 10-K | 10-K |
Assets | | | | | | | | |
Available-for-sale investments, at fair value: | | | | | | | | |
Fixed-maturity securities | 1,642.7 | 2,344.7 | 2,453.7 | 2,382.6 | 1,783.6 | | | |
|
Equity securities | | | | | | | | |
Short-term investments | | | | | | | | |
Total investments | 1,851.4 | 2,553.5 | 2,587.4 | 2,474.5 | | | | |
Cash and cash equivalents | 293.9 | 83.8 | 114.1 | 140.2 | 164.9 | 136.3 | 77.7 | 100.6 |
Investment income receivable | 17.5 | 25.3 | 26.8 | 23.9 | 20.2 | | | |
Premiums receivable | 309.5 | 412.0 | 416.4 | 407.6 | 308.1 | | | |
Reinsurance recoverable on paid losses | 69.0 | 17.6 | 23.5 | 18.2 | 14.8 | | | |
Reinsurance recoverable on unpaid losses | 570.9 | 459.5 | 292.2 | 282.7 | 199.7 | | | |
Prepaid reinsurance premiums | 186.5 | 63.9 | 54.0 | 77.6 | 94.8 | | | |
Deferred acquisition costs, net | 95.1 | 181.2 | 168.9 | | | | | |
Intangible assets | 79.9 | 106.8 | 114.9 | 123.8 | 53.4 | 20.5 | 21.7 | 5.4 |
Funds held by reinsured companies | 98.8 | 137.5 | 69.8 | | | | | |
Other assets | 383.1 | 358.0 | 308.1 | 230.8 | 103.2 | 42.2 | 35.0 | 17.3 |
Total assets | 3,955.5 | 4,712.5 | 4,417.5 | 4,188.9 | 3,313.0 | 1,538.4 | 1,355.6 | 954.1 |
|
Liabilities | | | | | | | | |
Loss and loss adjustment expenses | 2,081.3 | 1,895.7 | 1,632.1 | 1,610.4 | | | | |
Unearned premium | 763.1 | 921.3 | 893.2 | 872.0 | 658.9 | | | |
Reinsurance balances payable | 89.8 | 41.3 | 20.8 | 35.0 | 89.1 | | | |
Funds held under reinsurance agreements | 222.2 | 98.6 | 96.7 | 93.2 | 13.7 | | | |
Other liabilities | 286.2 | 297.0 | 289.4 | 143.8 | 133.6 | | | 21.1 |
|
Deferred income taxes | | | | | | | | |
Debt | 382.8 | 449.7 | 426.9 | 374.3 | 235.1 | | | |
Total liabilities | 3,854.8 | 3,728.3 | 3,380.3 | 3,141.8 | 2,262.5 | 1,203.2 | 1,046.3 | 730.2 |
|
Contingencies (Note 16) | | | | | | | | |
Shareholders' equity | | | | | | | | |
Common stock ($0.01 par value; 150 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.2 | 0.2 | 0.2 |
Treasury stock (139,568 and 55,471 shares) | 0.0 | -181.4 | -158.2 | -91.8 | -2.0 | -1.0 | -0.5 | -0.2 |
Paid-in-capital | 815.1 | 780.0 | 1,545.8 | 763.1 | 751.9 | 208.1 | 205.4 | 113.2 |
Accumulated other comprehensive loss | -19.5 | 171.4 | 63.1 | 48.3 | 34.6 | -37.5 | | |
Retained earnings (accumulated deficit) | -700.6 | 268.2 | 331.5 | 322.9 | 265.6 | 165.4 | 112.5 | 71.6 |
Tower Group International, Ltd. shareholders' equity (deficit) | 95.6 | 950.1 | 1,009.8 | 1,043.0 | 1,050.5 | 335.2 | 309.4 | 223.9 |
Noncontrolling interests | 5.2 | 34.2 | 27.4 | 4.2 | | | | |
Total shareholders' equity (deficit) | 100.7 | 984.2 | 1,037.1 | 1,047.2 | 1,050.5 | | | |
Total liabilities and shareholders' equity (deficit) | 3,955.5 | 4,712.5 | 4,417.5 | 4,188.9 | 3,313.0 | 1,538.4 | 1,355.6 | 954.1 |
|