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Segment Reporting | 9 Months Ended
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Sep. 30, 2014
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Reporting | SEGMENT REPORTING The Company has the following reportable segments: (1) Catastrophe Reinsurance, which includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company’s ventures unit; (2) Specialty Reinsurance, which includes specialty reinsurance and certain specialty joint ventures managed by the Company’s ventures unit; and (3) Lloyd’s, which includes reinsurance and insurance business written through Syndicate 1458. RenaissanceRe CCL, an indirect wholly owned subsidiary of RenaissanceRe, is the sole corporate member of Syndicate 1458. All prior periods presented have been reclassified to conform to this presentation. The financial results of the Company’s strategic investments, former Insurance segment, discontinued operations related to REAL and current noncontrolling interests are included in the Other category of the Company’s segment results. Also included in the Other category of the Company’s segment results are the Company’s investments in other ventures, investments unit, corporate expenses and capital servicing costs. The Company does not manage its assets by segment; accordingly, net investment income and total assets are not allocated to the segments. A summary of the significant components of the Company’s revenues and expenses is as follows:
| Three months ended September 30, 2014 | Catastrophe Reinsurance |  | Specialty Reinsurance |  | Lloyd’s |  | Other |  | Total |
| Gross premiums written | $ | 68,252 |  |  | $ | 68,883 |  |  | $ | 63,857 |  |  | $ | — |  |  | $ | 200,992 |  |
| Net premiums written | $ | 41,807 |  |  | $ | 61,879 |  |  | $ | 56,027 |  |  | $ | — |  |  | $ | 159,713 |  |
| Net premiums earned | $ | 136,719 |  |  | $ | 63,473 |  |  | $ | 58,788 |  |  | $ | (1 | ) |  | $ | 258,979 |  |
| Net claims and claim expenses incurred | (666 | ) |  | 31,759 |  |  | 39,027 |  |  | (473 | ) |  | 69,647 |  |
| Acquisition expenses | 9,131 |  |  | 15,806 |  |  | 12,614 |  |  | (1 | ) |  | 37,550 |  |
| Operational expenses | 24,154 |  |  | 10,234 |  |  | 12,475 |  |  | 109 |  |  | 46,972 |  |
| Underwriting income (loss) | $ | 104,100 |  |  | $ | 5,674 |  |  | $ | (5,328 | ) |  | $ | 364 |  |  | 104,810 |  |
| Net investment income |  |  |  |  |  |  | 24,941 |  |  | 24,941 |  |
| Net foreign exchange gains |  |  |  |  |  |  | 5,036 |  |  | 5,036 |  |
| Equity in earnings of other ventures |  |  |  |  |  |  | 9,806 |  |  | 9,806 |  |
| Other loss |  |  |  |  |  |  | (1,169 | ) |  | (1,169 | ) |
| Net realized and unrealized losses on investments |  |  |  |  |  |  | (31,097 | ) |  | (31,097 | ) |
| Corporate expenses |  |  |  |  |  |  | (3,905 | ) |  | (3,905 | ) |
| Interest expense |  |  |  |  |  |  | (4,290 | ) |  | (4,290 | ) |
| Income before taxes and noncontrolling interests |  |  |  |  |  |  |  |  | 104,132 |  |
| Income tax expense |  |  |  |  |  |  | (245 | ) |  | (245 | ) |
| Net income attributable to noncontrolling interests |  |  |  |  |  |  | (30,477 | ) |  | (30,477 | ) |
| Dividends on preference shares |  |  |  |  |  |  | (5,595 | ) |  | (5,595 | ) |
| Net income available to RenaissanceRe common shareholders |  |  |  |  |  |  |  |  | $ | 67,815 |  |
| Net claims and claim expenses incurred – current accident year | $ | 9,661 |  |  | $ | 46,444 |  |  | $ | 38,882 |  |  | $ | — |  |  | $ | 94,987 |  |
| Net claims and claim expenses incurred – prior accident years | (10,327 | ) |  | (14,685 | ) |  | 145 |  |  | (473 | ) |  | (25,340 | ) |
| Net claims and claim expenses incurred – total | $ | (666 | ) |  | $ | 31,759 |  |  | $ | 39,027 |  |  | $ | (473 | ) |  | $ | 69,647 |  |
| Net claims and claim expense ratio – current accident year | 7.1 | % |  | 73.2 | % |  | 66.1 | % |  | — | % |  | 36.7 | % |
| Net claims and claim expense ratio – prior accident years | (7.6 | )% |  | (23.2 | )% |  | 0.3 | % |  | 47,300.0 | % |  | (9.8 | )% |
| Net claims and claim expense ratio – calendar year | (0.5 | )% |  | 50.0 | % |  | 66.4 | % |  | 47,300.0 | % |  | 26.9 | % |
| Underwriting expense ratio | 24.4 | % |  | 41.1 | % |  | 42.7 | % |  | (10,800.0 | )% |  | 32.6 | % |
| Combined ratio | 23.9 | % |  | 91.1 | % |  | 109.1 | % |  | 36,500.0 | % |  | 59.5 | % |
| Nine months ended September 30, 2014 | Catastrophe Reinsurance |  | Specialty Reinsurance |  | Lloyd’s |  | Other |  | Total |
| Gross premiums written | $ | 924,046 |  |  | $ | 274,727 |  |  | $ | 219,019 |  |  | $ | — |  |  | $ | 1,417,792 |  |
| Net premiums written | $ | 534,994 |  |  | $ | 233,622 |  |  | $ | 187,848 |  |  | $ | 3 |  |  | $ | 956,467 |  |
| Net premiums earned | $ | 460,455 |  |  | $ | 186,691 |  |  | $ | 158,757 |  |  | $ | 26 |  |  | $ | 805,929 |  |
| Net claims and claim expenses incurred | 42,519 |  |  | 77,915 |  |  | 90,419 |  |  | (903 | ) |  | 209,950 |  |
| Acquisition expenses | 34,063 |  |  | 44,052 |  |  | 33,303 |  |  | (6,691 | ) |  | 104,727 |  |
| Operational expenses | 66,773 |  |  | 30,854 |  |  | 37,566 |  |  | 244 |  |  | 135,437 |  |
| Underwriting income (loss) | $ | 317,100 |  |  | $ | 33,870 |  |  | $ | (2,531 | ) |  | $ | 7,376 |  |  | 355,815 |  |
| Net investment income |  |  |  |  |  |  | 98,430 |  |  | 98,430 |  |
| Net foreign exchange gains |  |  |  |  |  |  | 6,367 |  |  | 6,367 |  |
| Equity in earnings of other ventures |  |  |  |  |  |  | 21,237 |  |  | 21,237 |  |
| Other loss |  |  |  |  |  |  | (1,642 | ) |  | (1,642 | ) |
| Net realized and unrealized gains on investments |  |  |  |  |  |  | 10,958 |  |  | 10,958 |  |
| Corporate expenses |  |  |  |  |  |  | (12,404 | ) |  | (12,404 | ) |
| Interest expense |  |  |  |  |  |  | (12,875 | ) |  | (12,875 | ) |
| Income before taxes and noncontrolling interests |  |  |  |  |  |  |  |  | 465,886 |  |
| Income tax expense |  |  |  |  |  |  | (207 | ) |  | (207 | ) |
| Net income attributable to noncontrolling interests |  |  |  |  |  |  | (109,323 | ) |  | (109,323 | ) |
| Dividends on preference shares |  |  |  |  |  |  | (16,786 | ) |  | (16,786 | ) |
| Net income available to RenaissanceRe common shareholders |  |  |  |  |  |  |  |  | $ | 339,570 |  |
| Net claims and claim expenses incurred – current accident year | $ | 60,663 |  |  | $ | 113,809 |  |  | $ | 94,594 |  |  | $ | — |  |  | $ | 269,066 |  |
| Net claims and claim expenses incurred – prior accident years | (18,144 | ) |  | (35,894 | ) |  | (4,175 | ) |  | (903 | ) |  | (59,116 | ) |
| Net claims and claim expenses incurred – total | $ | 42,519 |  |  | $ | 77,915 |  |  | $ | 90,419 |  |  | $ | (903 | ) |  | $ | 209,950 |  |
| Net claims and claim expense ratio – current accident year | 13.2 | % |  | 61.0 | % |  | 59.6 | % |  | — | % |  | 33.4 | % |
| Net claims and claim expense ratio – prior accident years | (4.0 | )% |  | (19.3 | )% |  | (2.6 | )% |  | (3,473.1 | )% |  | (7.3 | )% |
| Net claims and claim expense ratio – calendar year | 9.2 | % |  | 41.7 | % |  | 57.0 | % |  | (3,473.1 | )% |  | 26.1 | % |
| Underwriting expense ratio | 21.9 | % |  | 40.2 | % |  | 44.6 | % |  | (24,796.1 | )% |  | 29.8 | % |
| Combined ratio | 31.1 | % |  | 81.9 | % |  | 101.6 | % |  | (28,269.2 | )% |  | 55.9 | % |
| Three months ended September 30, 2013 | Catastrophe Reinsurance |  | Specialty Reinsurance |  | Lloyd’s |  | Other |  | Total |
| Gross premiums written | $ | 82,539 |  |  | $ | 60,156 |  |  | $ | 39,954 |  |  | $ | — |  |  | $ | 182,649 |  |
| Net premiums written | $ | 32,380 |  |  | $ | 55,717 |  |  | $ | 39,014 |  |  | $ | 130 |  |  | $ | 127,241 |  |
| Net premiums earned | $ | 184,416 |  |  | $ | 63,045 |  |  | $ | 47,150 |  |  | $ | 106 |  |  | $ | 294,717 |  |
| Net claims and claim expenses incurred | 16,897 |  |  | 17,520 |  |  | 28,175 |  |  | (1,664 | ) |  | 60,928 |  |
| Acquisition expenses | 14,049 |  |  | 14,691 |  |  | 8,938 |  |  | 21 |  |  | 37,699 |  |
| Operational expenses | 24,573 |  |  | 7,303 |  |  | 12,559 |  |  | 237 |  |  | 44,672 |  |
| Underwriting income (loss) | $ | 128,897 |  |  | $ | 23,531 |  |  | $ | (2,522 | ) |  | $ | 1,512 |  |  | 151,418 |  |
| Net investment income |  |  |  |  |  |  | 59,931 |  |  | 59,931 |  |
| Net foreign exchange gains |  |  |  |  |  |  | 488 |  |  | 488 |  |
| Equity in earnings of other ventures |  |  |  |  |  |  | 7,313 |  |  | 7,313 |  |
| Other income |  |  |  |  |  |  | 651 |  |  | 651 |  |
| Net realized and unrealized gains on investments |  |  |  |  |  |  | 28,472 |  |  | 28,472 |  |
| Corporate expenses |  |  |  |  |  |  | (4,307 | ) |  | (4,307 | ) |
| Interest expense |  |  |  |  |  |  | (4,298 | ) |  | (4,298 | ) |
| Income from continuing operations before taxes |  |  |  |  |  |  |  |  | 239,668 |  |
| Income tax expense |  |  |  |  |  |  | (223 | ) |  | (223 | ) |
| Loss from discontinued operations |  |  |  |  |  |  | (9,779 | ) |  | (9,779 | ) |
| Net income attributable to noncontrolling interests |  |  |  |  |  |  | (44,331 | ) |  | (44,331 | ) |
| Dividends on preference shares |  |  |  |  |  |  | (5,595 | ) |  | (5,595 | ) |
| Net income attributable to RenaissanceRe common shareholders |  |  |  |  |  |  |  |  | $ | 179,740 |  |
| Net claims and claim expenses incurred – current accident year | $ | 23,041 |  |  | $ | 20,227 |  |  | $ | 24,886 |  |  | $ | — |  |  | $ | 68,154 |  |
| Net claims and claim expenses incurred – prior accident years | (6,144 | ) |  | (2,707 | ) |  | 3,289 |  |  | (1,664 | ) |  | (7,226 | ) |
| Net claims and claim expenses incurred – total | $ | 16,897 |  |  | $ | 17,520 |  |  | $ | 28,175 |  |  | $ | (1,664 | ) |  | $ | 60,928 |  |
| Net claims and claim expense ratio – current accident year | 12.5 | % |  | 32.1 | % |  | 52.8 | % |  | — | % |  | 23.1 | % |
| Net claims and claim expense ratio – prior accident years | (3.3 | )% |  | (4.3 | )% |  | 7.0 | % |  | (1,569.8 | )% |  | (2.4 | )% |
| Net claims and claim expense ratio – calendar year | 9.2 | % |  | 27.8 | % |  | 59.8 | % |  | (1,569.8 | )% |  | 20.7 | % |
| Underwriting expense ratio | 20.9 | % |  | 34.9 | % |  | 45.5 | % |  | 243.4 | % |  | 27.9 | % |
| Combined ratio | 30.1 | % |  | 62.7 | % |  | 105.3 | % |  | (1,326.4 | )% |  | 48.6 | % |
| Nine months ended September 30, 2013 | Catastrophe Reinsurance |  | Specialty Reinsurance |  | Lloyd’s |  | Other |  | Total |
| Gross premiums written (1) | $ | 1,138,238 |  |  | $ | 201,025 |  |  | $ | 183,015 |  |  | $ | (988 | ) |  | $ | 1,521,290 |  |
| Net premiums written | $ | 774,585 |  |  | $ | 188,584 |  |  | $ | 159,581 |  |  | $ | 413 |  |  | $ | 1,123,163 |  |
| Net premiums earned | $ | 571,550 |  |  | $ | 159,060 |  |  | $ | 126,862 |  |  | $ | 389 |  |  | $ | 857,861 |  |
| Net claims and claim expenses incurred | 72,520 |  |  | 53,723 |  |  | 68,239 |  |  | (2,341 | ) |  | 192,141 |  |
| Acquisition expenses | 37,866 |  |  | 32,139 |  |  | 24,338 |  |  | 132 |  |  | 94,475 |  |
| Operational expenses | 74,287 |  |  | 22,458 |  |  | 36,193 |  |  | 509 |  |  | 133,447 |  |
| Underwriting income (loss) | $ | 386,877 |  |  | $ | 50,740 |  |  | $ | (1,908 | ) |  | $ | 2,089 |  |  | 437,798 |  |
| Net investment income |  |  |  |  |  |  | 129,296 |  |  | 129,296 |  |
| Net foreign exchange gains |  |  |  |  |  |  | 170 |  |  | 170 |  |
| Equity in earnings of other ventures |  |  |  |  |  |  | 16,920 |  |  | 16,920 |  |
| Other loss |  |  |  |  |  |  | (2,186 | ) |  | (2,186 | ) |
| Net realized and unrealized losses on investments |  |  |  |  |  |  | (26,788 | ) |  | (26,788 | ) |
| Corporate expenses |  |  |  |  |  |  | (30,318 | ) |  | (30,318 | ) |
| Interest expense |  |  |  |  |  |  | (13,632 | ) |  | (13,632 | ) |
| Income from continuing operations before taxes |  |  |  |  |  |  |  |  | 511,260 |  |
| Income tax expense |  |  |  |  |  |  | (356 | ) |  | (356 | ) |
| Income from discontinued operations |  |  |  |  |  |  | 2,422 |  |  | 2,422 |  |
| Net income attributable to noncontrolling interests |  |  |  |  |  |  | (96,953 | ) |  | (96,953 | ) |
| Dividends on preference shares |  |  |  |  |  |  | (19,353 | ) |  | (19,353 | ) |
| Net income attributable to RenaissanceRe common shareholders |  |  |  |  |  |  |  |  | $ | 397,020 |  |
| Net claims and claim expenses incurred – current accident year | $ | 115,586 |  |  | $ | 76,983 |  |  | $ | 71,274 |  |  | $ | — |  |  | $ | 263,843 |  |
| Net claims and claim expenses incurred – prior accident years | (43,066 | ) |  | (23,260 | ) |  | (3,035 | ) |  | (2,341 | ) |  | (71,702 | ) |
| Net claims and claim expenses incurred – total | $ | 72,520 |  |  | $ | 53,723 |  |  | $ | 68,239 |  |  | $ | (2,341 | ) |  | $ | 192,141 |  |
| Net claims and claim expense ratio – current accident year | 20.2 | % |  | 48.4 | % |  | 56.2 | % |  | — | % |  | 30.8 | % |
| Net claims and claim expense ratio – prior accident years | (7.5 | )% |  | (14.6 | )% |  | (2.4 | )% |  | (601.8 | )% |  | (8.4 | )% |
| Net claims and claim expense ratio – calendar year | 12.7 | % |  | 33.8 | % |  | 53.8 | % |  | (601.8 | )% |  | 22.4 | % |
| Underwriting expense ratio | 19.6 | % |  | 34.3 | % |  | 47.7 | % |  | 164.8 | % |  | 26.6 | % |
| Combined ratio | 32.3 | % |  | 68.1 | % |  | 101.5 | % |  | (437.0 | )% |  | 49.0 | % |
(1) Included in gross premiums written in the Other category is the elimination of inter-segment gross premiums written of $1.0 million.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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