XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Reserve For Losses, LAE And Future Policy Benefit Reserve | 6 Months Ended
--- | ---
Jun. 30, 2021
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:
| Six Months Ended
| June 30,
(Dollars in thousands) | 2021 |  | 2020
Gross reserves beginning of period | $ | 16,398,997 |  | $ | 13,611,313
Less reinsurance recoverables |  | (1,843,691) |  |  | (1,640,712)
Net reserves beginning of period |  | 14,555,306 |  |  | 11,970,601
Incurred related to: |  |  |  |  |
Current year |  | 3,302,013 |  |  | 2,835,129
Prior years |  | (4,453) |  |  | 2,727
Total incurred losses and LAE |  | 3,297,560 |  |  | 2,837,856
Paid related to: |  |  |  |  |
Current year |  | 710,677 |  |  | 570,460
Prior years |  | 1,394,838 |  |  | 1,579,931
Total paid losses and LAE |  | 2,105,515 |  |  | 2,150,391
Foreign exchange/translation adjustment |  | 35,651 |  |  | (74,372)
Net reserves end of period |  | 15,783,002 |  |  | 12,583,694
Plus reinsurance recoverables |  | 1,862,760 |  |  | 1,692,947
Gross reserves end of period | $ | 17,645,762 |  | $ | 14,276,641
(Some amounts may not reconcile due to rounding.)
Current year incurred losses were $3,302,013 thousand and $2,835,129 thousand for the six months ended June 30, 2021 and 2020, respectively. The increase in current year incurred losses in 2021 compared to 2020 was primarily due to a $270,000 thousand increase in catastrophe losses and the impact of the increase in premiums earned. In addition, current year incurred losses for the three and six months ended June 30, 2020 included $159,978 thousand and $309,978 thousand of losses associated with the COVID-19 Pandemic which did not recur in 2021.

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://www.xbrl.org/2003/role/disclosureRef -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