VALIDUS HOLDINGS LTD

Delisted

CIK 1348259fmd_0C2K6TFN1WS8K65N0Z9XJX23NBFinance, Insurance and Real Estate · Fire, Marine & Casualty InsuranceTemplate: Insurance

Coverage: Jan 01, 2008 to Jun 30, 2018, 40 periods

Income Statement · Annual · Millions · USD
Line item	FY2008	FY2009	FY2010	FY2011	FY2012	FY2013	FY2014	FY2015	FY2016	FY2017
Net premiums earned	1,257	1,450	1,761	1,802	1,873	2,099	1,993	2,247	2,249	2,581
Total revenues	1,279	1,937	1,980	1,907	2,061	2,144	2,103	2,345	2,443	2,798
Total interest income	–	122	141	119	116	104	108	–	–	–
Cost of revenue	–	999	1,519	1,790	1,625	1,481	1,467	1,790	1,894	3,164
Gross profit	–	450	242	12	436	663	636	555	549	(366)
Realized investment gains (losses)	–	73	78	9	36	(53)	12	(30)	33	11
Losses and loss adjustment expenses	772	524	988	1,244	999	777	765	978	1,065	2,300
Policy acquisition costs	235	263	293	314	335	360	339	410	449	472
Total benefits, losses and expenses	1,215	1,043	1,575	1,863	1,678	1,549	1,543	1,865	1,952	3,227
Operating income	–	530	326	75	325	656	585	–	–	–
Other non-operating income (expense)	–	–	–	–	0	(123)	(67)	(121)	2	–
Income before taxes	64	894	406	44	383	595	559	481	491	(429)
Income tax expense	11	(4)	3	1	3	0	0	6	(20)	(8)
Net income from continuing operations	53	897	403	43	380	595	559	474	511	(422)
Net income	53	897	403	21	408	533	480	375	364	(48)
Net income to common shareholders	–	891	396	14	402	513	480	375	359	(63)