Tower Group International, Ltd. company info

CIK 1289592
IRS Number 000000000
State of incorporation D0
Business address CROWN HOUSE
4 PAR-LA-VILLE ROAD
HAMILTON
D0
HM 08
Mail address CROWN HOUSE
4 PAR-LA-VILLE ROAD
HAMILTON
D0
HM 08

Short summary

Tower Group International, Ltd. is a Bermuda company, with head office located at Crown House Hamilton, Bermuda HM 08. In 2013 the company owned a total of 3.45 billion USD worth of assets. 2012 was the year when the company amassed the most assets.

Tower Group International, Ltd. Income Statement

Name [in Millions USD]2007200820092010201120122013Trends
Operating Expenses 143.40239.42279.14311.50
Investment Income, Interest and Dividend 77.88112.42132.90133.22115.76
Other Nonoperating Income (Expense) 19.33-0.47-1.475
Income Tax Expense (Benefit) 32.1051.5049.5924.14-26.728.43
Net income 57.47109.33104.8360.48-34.23-942.62

Tower Group International, Ltd. Balance Sheet

Name [in Millions USD]2007200820092010201120122013Trends
Cash and cash equivalents 77.68152.80348.4560.41199.01108.54264.85
Property, Plant and Equipment, Gross 174.40176.40194194
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 8656.5054.7054.70
Goodwill 243.75250.10245.5555.540
Intangible Assets, Net (Excluding Goodwill) 50.69119.37110.9299.5179.43
Total assets 3,380.074,214.094,516.945,667.943,451.56
Long-term Debt 291.06375.56448.29451.22384.37
Total liabilities 2,310.173,110.283,463.845,077.043,472.11
Common Stock, Value, Issued 0.230.460.460.470.570.57
Retained Earnings (Accumulated Deficit) 149.36305.22361.33343.20-242.93-795.82
Accumulated Other Comprehensive Income (Loss), Net of Tax -37.2158.8455.7475.879.06-30.74

Tower Group International, Ltd. Cash Flow

Name [in Millions USD]2007200820092010201120122013Trends
Net income 57.47109.33104.8360.48-34.23-942.62
Depreciation and amortization 11.7219.3421.6330.9433.6129.70
Amortization of Intangible Assets 6.608.908.154.92
Deferred Income Tax Expense (Benefit) -4.205.0973.5919.67-12.494.75
Net Cash Provided by (Used in) Operating Activities 61.73214.71170.0285.03109.33-350.04
Payments to Acquire Property, Plant, and Equipment 26.3036.9153.5744.9530.88
Payments to Acquire Productive Assets 17.2126.3036.91
Payments to Acquire Businesses, Net of Cash Acquired -226.73171.91-2.27-133.29
Net Cash Provided by (Used in) Investing Activities 1.63-175.22-260.12-107.22-89.06701.31
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 2.045.618.538.836.688.64
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 2.045.618.538.836.688.64
Proceeds from Stock Plans 0.00
Payments for Repurchase of Common Stock 88.0364.5720.99
Payments of Ordinary Dividends, Common Stock 4.6110.7416.5527.8929.0826.15
Net Cash Provided by (Used in) Financing Activities -4.79-10.8728.09-3.93-31.98-141.17
Cash and Cash Equivalents, Period Increase (Decrease) 58.5728.63-62.01-26.12-23.30210.10