v2.4.0.6
Segment Reporting (Schedule Of Significant Components Of The Company's Revenues And Expenses) (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Gross premiums written $ 667,336,000 $ 641,563,000 $ 1,331,487,000 $ 1,252,068,000
Net premiums written 427,630,000 427,995,000 920,205,000 880,570,000
Net premiums earned 244,416,000 217,175,000 523,081,000 522,716,000
Net claims and claim expenses incurred 49,551,000 151,261,000 65,103,000 779,798,000
Acquisition expenses 25,608,000 13,883,000 49,719,000 46,218,000
Operational expenses 41,407,000 42,299,000 83,790,000 84,129,000
Underwriting income (loss) 127,850,000 9,732,000 324,469,000 (387,429,000)
Net investment income 14,743,000 33,328,000 81,714,000 93,609,000
Net foreign exchange gains (losses) 2,410,000 (4,521,000) 950,000 (3,861,000)
Equity in earnings (losses) of other ventures 6,846,000 5,128,000 12,316,000 (18,625,000)
Other income (loss) 11,289,000 (5,167,000) (27,805,000) 44,978,000
Net realized and unrealized gains on investments 31,003,000 34,979,000 77,116,000 29,765,000
Net other-than-temporary impairments (209,000) 0 (343,000) 0
Corporate expenses (4,067,000) (4,011,000) (8,878,000) (6,075,000)
Interest expense (5,716,000) (5,730,000) (11,434,000) (11,925,000)
Income from continuing operations before taxes 184,149,000 63,738,000 448,105,000 (259,563,000)
Income tax expense (898,000) 1,773,000 (861,000) 1,825,000
Income (loss) from discontinued operations 1,393,000 (10,094,000) 1,220,000 (11,620,000)
Net (income) loss attributable to noncontrolling interests (33,624,000) (21,903,000) (87,265,000) 63,589,000
Dividends on preference shares (8,750,000) (8,750,000) (17,500,000) (17,500,000)
Net income (loss) available (attributable) to RenaissanceRe common shareholders 142,270,000 24,764,000 343,699,000 (223,269,000)
Net claims and claim expenses incurred - current accident year 94,997,000 171,932,000 166,421,000 868,629,000
Net claims and claim expenses incurred - prior accident years (45,446,000) (20,671,000) (101,318,000) (88,831,000)
Net claims and claim expenses incurred - total 49,551,000 151,261,000 65,103,000 779,798,000
Net claims and claim expense ratio - current accident year 38.90% 79.20% 31.80% 166.20%
Net claims and claim expense ratio - prior accident years (18.60%) (9.60%) (19.40%) (17.00%)
Net claims and claim expense ratio - calendar year 20.30% 69.60% 12.40% 149.20%
Underwriting expense ratio 27.40% 25.90% 25.60% 24.90%
Combined ratio 47.70% 95.50% 38.00% 174.10%
Reinsurance [Member]
       
Gross premiums written 617,039,000 607,404,000 1,226,801,000 1,181,086,000
Net premiums written 379,369,000 395,856,000 838,007,000 819,422,000
Net premiums earned 214,296,000 199,461,000 468,114,000 488,890,000
Net claims and claim expenses incurred 35,488,000 143,219,000 43,812,000 738,623,000
Acquisition expenses 20,098,000 10,431,000 39,484,000 40,223,000
Operational expenses 30,346,000 32,901,000 62,390,000 65,264,000
Underwriting income (loss) 128,364,000 12,910,000 322,428,000 (355,220,000)
Net claims and claim expenses incurred - current accident year 76,631,000 162,398,000 131,775,000 829,760,000
Net claims and claim expenses incurred - prior accident years (41,143,000) (19,179,000) (87,963,000) (91,137,000)
Net claims and claim expenses incurred - total 35,488,000 143,219,000 43,812,000 738,623,000
Net claims and claim expense ratio - current accident year 35.80% 81.40% 28.20% 169.70%
Net claims and claim expense ratio - prior accident years (19.20%) (9.60%) (18.80%) (18.60%)
Net claims and claim expense ratio - calendar year 16.60% 71.80% 9.40% 151.10%
Underwriting expense ratio 23.50% 21.70% 21.70% 21.60%
Combined ratio 40.10% 93.50% 31.10% 172.70%
Lloyd's [Member]
       
Gross premiums written 50,297,000 34,126,000 105,114,000 70,746,000
Net premiums written 48,510,000 32,084,000 82,447,000 60,821,000
Net premiums earned 30,369,000 17,233,000 55,191,000 32,907,000
Net claims and claim expenses incurred 14,960,000 8,619,000 23,961,000 39,142,000
Acquisition expenses 5,510,000 3,305,000 10,178,000 5,766,000
Operational expenses 10,806,000 8,635,000 20,863,000 17,607,000
Underwriting income (loss) (907,000) (3,326,000) 189,000 (29,608,000)
Net claims and claim expenses incurred - current accident year 18,366,000 9,612,000 34,646,000 38,938,000
Net claims and claim expenses incurred - prior accident years (3,406,000) (993,000) (10,685,000) 204,000
Net claims and claim expenses incurred - total 14,960,000 8,619,000 23,961,000 39,142,000
Net claims and claim expense ratio - current accident year 60.50% 55.80% 62.80% 118.30%
Net claims and claim expense ratio - prior accident years (11.20%) (5.80%) (19.40%) 0.60%
Net claims and claim expense ratio - calendar year 49.30% 50.00% 43.40% 118.90%
Underwriting expense ratio 53.70% 69.30% 56.30% 71.10%
Combined ratio 103.00% 119.30% 99.70% 190.00%
Insurance [Member]
       
Gross premiums written 0 33,000 0 313,000
Net premiums written (249,000) 55,000 (249,000) 327,000
Net premiums earned (249,000) 481,000 (224,000) 919,000
Net claims and claim expenses incurred (897,000) (577,000) (2,670,000) 2,033,000
Acquisition expenses 0 147,000 57,000 229,000
Operational expenses 255,000 763,000 537,000 1,258,000
Underwriting income (loss) 393,000 148,000 1,852,000 (2,601,000)
Net claims and claim expenses incurred - current accident year 0 (78,000) 0 (69,000)
Net claims and claim expenses incurred - prior accident years (897,000) (499,000) (2,670,000) 2,102,000
Net claims and claim expenses incurred - total (897,000) (577,000) (2,670,000) 2,033,000
Net claims and claim expense ratio - current accident year 0.00% (16.20%) 0.00% (7.50%)
Net claims and claim expense ratio - prior accident years 360.20% (103.80%) 1192.00% 228.70%
Net claims and claim expense ratio - calendar year 360.20% (120.00%) 1192.00% 221.20%
Underwriting expense ratio (102.40%) 189.20% (265.20%) 161.80%
Combined ratio 257.80% 69.20% 926.80% 383.00%
Eliminations [Member]
       
Gross premiums written     (428,000) [1] (77,000) [2]
Other [Member]
       
Gross premiums written 0 0 0 0
Net premiums written 0 0 0 0
Net premiums earned 0 0 0 0
Net claims and claim expenses incurred 0 0 0 0
Acquisition expenses 0 0 0 0
Operational expenses 0 0 0 0
Underwriting income (loss) 0 0 0 0
Net investment income 14,743,000 33,328,000 81,714,000 93,609,000
Net foreign exchange gains (losses) 2,410,000 (4,521,000) 950,000 (3,861,000)
Equity in earnings (losses) of other ventures 6,846,000 5,128,000 12,316,000 (18,625,000)
Other income (loss) 11,289,000 (5,167,000) (27,805,000) 44,978,000
Net realized and unrealized gains on investments 31,003,000 34,979,000 77,116,000 29,765,000
Net other-than-temporary impairments (209,000)   (343,000)  
Corporate expenses (4,067,000) (4,011,000) (8,878,000) (6,075,000)
Interest expense (5,716,000) (5,730,000) (11,434,000) (11,925,000)
Income tax expense (898,000) 1,773,000 (861,000) 1,825,000
Income (loss) from discontinued operations 1,393,000 (10,094,000) 1,220,000 (11,620,000)
Net (income) loss attributable to noncontrolling interests (33,624,000) (21,903,000) (87,265,000) 63,589,000
Dividends on preference shares (8,750,000) (8,750,000) (17,500,000) (17,500,000)
Intersegment Elimination, Reinsurance Segment To Lloyds Segment Member
       
Gross premiums ceded from segment to segment     $ 400,000 $ 100,000
[1] Represents $0.4 million of gross premiums ceded from the Reinsurance segment to the Lloyd’s segment.
[2] Represents $0.1 million of gross premiums ceded from the Reinsurance segment to the Lloyd’s segment.