v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Gross premiums written $ 664,151 $ 610,505
Net premiums written 492,575 452,575
Increase in unearned premiums (213,910) (147,034)
Net premiums earned 278,665 305,541
Net investment income 66,971 60,281
Net foreign exchange (losses) gains (1,460) 660
Equity in earnings (losses) of other ventures 5,470 (23,753)
Other (loss) income (39,094) 50,145
Net realized and unrealized gains (losses) on investments 46,113 (5,214)
Total other-than-temporary impairments (161) 0
Portion recognized in other comprehensive income, before taxes 27 [1] 0 [1]
Net other-than-temporary impairments (134) 0
Total revenues 356,531 387,660
Expenses    
Net claims and claim expenses incurred 15,552 628,537
Acquisition expenses 24,111 32,335
Operational expenses 42,383 41,830
Corporate expenses 4,811 2,064
Interest expense 5,718 6,195
Total expenses 92,575 710,961
Income (loss) from continuing operations before taxes 263,956 (323,301)
Income tax benefit 37 52
Income (loss) from continuing operations 263,993 (323,249)
Loss from discontinued operations (173) (1,526)
Net income (loss) 263,820 (324,775)
Net (income) loss attributable to noncontrolling interests (53,641) 85,492
Net income (loss) attributable to RenaissanceRe 210,179 (239,283)
Dividends on preference shares (8,750) (8,750)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 201,429 $ (248,033)
Income (loss) from continuing operations available (attributable) to RenaissanceRe common shareholders per common share - basic $ 3.93 $ (4.66)
Loss from discontinued operations attributable to RenaissanceRe common shareholders per common share - basic $ 0.00 $ (0.03)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - basic $ 3.93 $ (4.69)
Income (loss) from continuing operations available (attributable) to RenaissanceRe common shareholders per common share - diluted $ 3.88 $ (4.66)
Loss from discontinued operations attributable to RenaissanceRe common shareholders per common share - diluted $ 0.00 $ (0.03)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share - diluted $ 3.88 $ (4.69)
Dividends per common share $ 0.27 $ 0.26
[1] Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.