Tower Group International Ltd. (TWGP) Annual Income Statement

Annual · GAAP · USD millions
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Quarterly income statement trends provide context on Tower Group International Ltd.'s margins, operating leverage, and earnings trajectory.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2013)
2013
(Dec 31 2012) (Dec 31 2011) (Dec 31 2008)
Revenues
Commissions, Premiums and other Revenue1,512.92
Other Revenue119.88
Total Revenue1,742.00
Costs & Expenses
Deferred Policy Acquisition Cost, Amortization Expense0.00
Policyholder Benefits and Claims Incurred, Net1,519.83
Gross Profit222.17
Selling, Administration, Marketing0.00
Depreciation & Amortization0.00
Restructuring, Accretion & Impairment Charges-375.89
Operating Costs1,143.95
Interest Expense, Debt33.59
Net Interest (-)Expense / Income-33.59
Foreign Currency Transaction Gain (Loss), before Tax0.00
Other Loss / Income1,422.57
Total Costs & Expenses2,694.92
Income & Taxes
Income / Loss Before Income Taxes-952.92
Income Taxes Expense / Benefit8.43
Income After Income Taxes-961.35
Net Income / Loss of Other Equity0.00
Income / Loss from Continuing Operations-961.35
Net Income / Loss-961.35
Non-controlling Interests-18.74
Income / Loss Attributable to Shareholders-942.62
EBIT-919.33
EBITD-869.02
EBITDA-867.11
Earnings Per Share
Basic EPS (excl. extra items)-17.37
Basic Net EPS-17.37
Basic shares outstanding (Mill. of Units)54.30
Diluted Net EPS-17.37
Diluted average shares (Mill. of Units)54.30
Dividend per share0.50
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About TWGP Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.