Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting, Measurement Disclosures [Abstract]

Schedule Of Significant Components Of The Company's Revenues And Expenses

A summary of the significant components of the Company’s revenues and expenses is as follows:




Three months ended March 31, 2014	Catastrophe Reinsurance			Specialty Reinsurance			Lloyd’s			Other			Total
Gross premiums written	$	467,711		$	154,290		$	83,259		$	—		$	705,260
Net premiums written	$	259,489		$	125,489		$	65,369		$	—		$	450,347
Net premiums earned	$	164,584		$	69,630		$	52,297		$	23		$	286,534
Net claims and claim expenses incurred	6,455			26,081			26,281			98			58,915
Acquisition expenses	7,126			16,547			10,567			(540		)	33,700
Operational expenses	20,419			10,106			12,033			66			42,624
Underwriting income	$	130,584		$	16,896		$	3,416		$	399		151,295
Net investment income										38,948			38,948
Net foreign exchange losses										(1,061		)	(1,061		)
Equity in earnings of other ventures										4,199			4,199
Other income										62			62
Net realized and unrealized gains on investments										14,927			14,927
Corporate expenses										(4,545		)	(4,545		)
Interest expense										(4,293		)	(4,293		)
Income from continuing operations before taxes													199,532
Income tax expense										(166		)	(166		)
Net income attributable to noncontrolling interests										(42,768		)	(42,768		)
Dividends on preference shares										(5,595		)	(5,595		)
Net income available to RenaissanceRe common shareholders													$	151,003

Net claims and claim expenses incurred – current accident year	$	12,529		$	41,922		$	21,157		$	—		$	75,608
Net claims and claim expenses incurred – prior accident years	(6,074		)	(15,841		)	5,124			98			(16,693		)
Net claims and claim expenses incurred – total	$	6,455		$	26,081		$	26,281		$	98		$	58,915

Net claims and claim expense ratio – current accident year	7.6		%	60.2		%	40.5		%	—		%	26.4		%
Net claims and claim expense ratio – prior accident years	(3.7		)%	(22.7		)%	9.8		%	426.1		%	(5.8		)%
Net claims and claim expense ratio – calendar year	3.9		%	37.5		%	50.3		%	426.1		%	20.6		%
Underwriting expense ratio	16.8		%	38.2		%	43.2		%	(2,060.9		)%	26.6		%
Combined ratio	20.7		%	75.7		%	93.5		%	(1,634.8		)%	47.2		%




Three months ended March 31, 2013	Catastrophe Reinsurance			Specialty Reinsurance			Lloyd’s			Other			Total
Gross premiums written	$	478,796		$	82,330		$	74,292		$	—		$	635,418
Net premiums written	$	305,353		$	75,519		$	55,924		$	17		$	436,813
Net premiums earned	$	186,651		$	46,809		$	37,779		$	16		$	271,255
Net claims and claim expenses incurred	2,708			10,692			14,528			(677		)	27,251
Acquisition expenses	9,620			8,439			6,916			34			25,009
Operational expenses	26,115			7,560			12,178			133			45,986
Underwriting income	$	148,208		$	20,118		$	4,157		$	526		173,009
Net investment income										43,202			43,202
Net foreign exchange gains										614			614
Equity in earnings of other ventures										5,835			5,835
Other loss										(1,709		)	(1,709		)
Net realized and unrealized gains on investments										14,269			14,269
Corporate expenses										(4,482		)	(4,482		)
Interest expense										(5,034		)	(5,034		)
Income from continuing operations before taxes													225,704
Income tax expense										(122		)	(122		)
Income from discontinued operations										9,774			9,774
Net income attributable to noncontrolling interests										(38,607		)	(38,607		)
Dividends on preference shares										(6,275		)	(6,275		)
Net income attributable to RenaissanceRe common shareholders													$	190,474

Net claims and claim expenses incurred – current accident year	$	21,176		$	25,853		$	17,871		$	—		$	64,900
Net claims and claim expenses incurred – prior accident years	(18,468		)	(15,161		)	(3,343		)	(677		)	(37,649		)
Net claims and claim expenses incurred – total	$	2,708		$	10,692		$	14,528		$	(677	)	$	27,251

Net claims and claim expense ratio – current accident year	11.3		%	55.2		%	47.3		%	—		%	23.9		%
Net claims and claim expense ratio – prior accident years	(9.8		)%	(32.4		)%	(8.8		)%	(4,231.3		)%	(13.9		)%
Net claims and claim expense ratio – calendar year	1.5		%	22.8		%	38.5		%	(4,231.3		)%	10.0		%
Underwriting expense ratio	19.1		%	34.2		%	50.5		%	1,218.8		%	26.2		%
Combined ratio	20.6		%	57.0		%	89.0		%	(3,012.5		)%	36.2		%

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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