XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Reserve For Losses, LAE And Future Policy Benefit Reserve | 3 Months Ended
--- | ---
Mar. 31, 2019
Reserve For Losses LAE And Future Policy Benefit Reserve [Abstract] |
Reserve For Losses LAE And Future Policy Benefit Reserve | 4. RESERVE FOR LOSSES, LAE AND FUTURE POLICY BENEFIT RESERVE Activity in the reserve for losses and LAE is summarized for the periods indicated:
|  | Three Months Ended |  |  | Twelve Months Ended |
|  | March 31, |  |  | December 31, |
(Dollars in thousands) |  | 2019 |  |  | 2018 |
Gross reserves at January 1 |  | $ | 13,119,090 |  |  | $ | 11,884,321 |
Less reinsurance recoverables |  |  | (1,619,641 | ) |  |  | (1,212,649 | )
Net reserves at January 1 |  |  | 11,499,449 |  |  |  | 10,671,672 |
Incurred related to: |  |  |  |  |  |  |  |
Current year |  |  | 1,050,116 |  |  |  | 5,264,327 |
Prior years |  |  | (1,566 | ) |  |  | 387,076 |
Total incurred losses and LAE |  |  | 1,048,550 |  |  |  | 5,651,403 |
Paid related to: |  |  |  |  |  |  |  |
Current year |  |  | 103,688 |  |  |  | 1,700,765 |
Prior years |  |  | 817,006 |  |  |  | 3,011,175 |
Total paid losses and LAE |  |  | 920,694 |  |  |  | 4,711,940 |
Foreign exchange/translation adjustment |  |  | (1,496 | ) |  |  | (111,686 | )
Net reserves at December 31 |  |  | 11,625,810 |  |  |  | 11,499,449 |
Plus reinsurance recoverables |  |  | 1,621,292 |  |  |  | 1,619,641 |
Gross reserves at December 31 |  | $ | 13,247,102 |  |  | $ | 13,119,090 |
(Some amounts may not reconcile due to rounding.) |  |  |  |  |  |  |  |
Incurred prior years losses decreased slightly by $1,566 thousand for the three months ended March 31, 2019 and increased by $387,076 thousand for the twelve months ended December 31, 2018, respectively. The increase for the twelve months ended December 31, 2018 was mainly due to $561,197 thousand of adverse development on prior years catastrophe losses, primarily related to Hurricanes Harvey, Irma and Maria, as well as the 2017 California wildfires. The increase in loss estimates for Hurricanes Harvey, Irma and Maria was mostly driven by re-opened claims, loss inflation from higher than expected loss adjustment expenses and in particular, their impact on aggregate covers. This reserve increase was partially offset by $174,121 thousand of favorable development on prior years attritional losses which mainly related to U.S. and international property and casualty reinsurance business, as well as favorable development in the Insurance segment which largely related to workers' compensation business.

X
- Definition Reserve For Losses LAE And Future Policy Benefit Reserve [Abstract] + References No definition available. + Details
Name: | re_ReserveForLossesLaeAndFuturePolicyBenefitReserveAbstract
Namespace Prefix: | re_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=2560295 + Details
Name: | us-gaap_LiabilityForFuturePolicyBenefitsAndUnpaidClaimsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration