AHL.PE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2019-05-08

• Gross written premiums of $1,013.8 million for the first quarter of 2019, a decrease of 9.2% from the first quarter of 2018. Gross written premiums in reinsurance decreased by 13.6% due to reductions in property catastrophe reinsurance, specialty reinsurance and casualty reinsurance. Gross written p…

• There were $12.5 million or 2.4 combined ratio points, of catastrophe losses, net of reinsurance recoveries and reinstatement premiums, in the first quarter of 2019 compared with $24.2 million, or 4.5 combined ratio points, of pre-tax catastrophe losses net of reinsurance recoveries and reinstatemen…

• Combined ratio of 105.3% for the first quarter of 2019 compared with 97.8% for the first quarter of 2018;

• Realized and unrealized foreign exchange gains of $5.1 million for the first quarter of 2019 compared with losses of $4.7 million in the first quarter of 2018;

• A loss of $50.2 million in respect of fixed for floating interest rate swaps entered into in the first quarter of 2019;

Text removed vs the prior filing · source: 10-Q · 2018-10-31

• Gross written premiums of $873.2 million for the third quarter of 2018, an increase of 2.4% from the third quarter of 2017. Gross written premiums in reinsurance decreased by 8.1% mainly due to a reduction in property catastrophe reinsurance. Gross written premiums in insurance increased by 13.3% du…

• There were $56.4 million, or 9.4 combined ratio points, of pre-tax catastrophe losses net of reinsurance recoveries and reinstatement premiums in the third quarter of 2018 compared with $360.3 million, or 55.9 combined ratio points, of pre-tax catastrophe losses net of reinsurance recoveries and rei…

• Combined ratio of 111.1% for the third quarter of 2018 compared with 152.2% for the third quarter of 2017;

• Realized and unrealized foreign exchange losses of $9.5 million for the third quarter of 2018 compared with gains of $8.4 million in the third quarter of 2017;

• Realized and unrealized investment losses of $0.9 million for the third quarter of 2018 compared with gains of $17.5 million in the third quarter of 2017 due to mark to market changes in the valuation of our fixed income trading portfolios;

Text added vs the prior filing · source: 10-Q · 2019-05-08

• Our controlling shareholder owns all of our ordinary shares and has the power to determine the affairs of the Company, including in ways not favorable to the interests of holders of the Preference Shares.

• Parent owns 100% of the ordinary shares of the Company. As a result, Parent has power to elect our directors and to determine the outcome of any action requiring shareholder approval. Parent’s interests may differ from the interests of the holders of the Preference Shares and, given Parent’s control…

Text removed vs the prior filing · source: 10-Q · 2018-10-31

• Failure to consummate the Merger within the expected time frame or at all could have a material adverse impact on our business, financial condition and results of operations.

• There can be no assurance that the Merger will be consummated. The Merger is subject to the satisfaction or waiver of a number of conditions, including the approval by the Company’s shareholders and the receipt of required approvals from governmental regulators, which make the completion and timing …

• If the Merger is not completed on a timely basis, or at all, our ongoing business may be adversely affected and, without realizing any of the benefits of having completed the Merger, we may be subject to a number of risks, including the following:

• Our current stock price reflects a market assumption that the Merger will occur. In addition, as a result of the announcement of the Merger Agreement, trading in our common shares has increased substantially. If the Merger is not consummated, the investment goals of our shareholders may be materiall…

• Under certain circumstances, we may be required to pay Highlands a termination fee in the amount of $82.9 million, which may affect our financial condition and results of operations; and

Text added vs the prior filing · source: 10-Q · 2019-05-08

• we have provided has directly or significantly facilitated or contributed to the Iranian petroleum resources, refined petroleum, or petrochemical industry.

• For the quarter ended March 31, 2019, we are not aware of any premium apportionment with respect to underwriting insurance or reinsurance activities reportable under Section 13(r). Should any such risks have entered into the stream of commerce covered by the insurance and reinsurance portfolios unde…

Text removed vs the prior filing · source: 10-Q · 2018-10-31

• For the quarter ended September 30, 2018, we are not aware of any premium apportionment with respect to underwriting insurance or reinsurance activities reportable under Section 13(r). Should any such risks have entered into the stream of commerce covered by the insurance and reinsurance portfolios …