XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Gross premiums written $ 200,992 $ 182,649 $ 1,417,792 $ 1,521,290
Net premiums written 159,713 127,241 956,467 1,123,163
Decrease (increase) in unearned premiums 99,266 167,476 (150,538) (265,302)
Net premiums earned 258,979 294,717 805,929 857,861
Net investment income 24,941 59,931 98,430 129,296
Net foreign exchange gains 5,036 488 6,367 170
Equity in earnings of other ventures 9,806 7,313 21,237 16,920
Other (loss) income (1,169) 651 (1,642) (2,186)
Net realized and unrealized (losses) gains on investments (31,097) 28,472 10,958 (26,788)
Total revenues 266,496 391,572 941,279 975,273
Expenses        
Net claims and claim expenses incurred 69,647 60,928 209,950 192,141
Acquisition expenses 37,550 37,699 104,727 94,475
Operational expenses 46,972 44,672 135,437 133,447
Corporate expenses 3,905 4,307 12,404 30,318
Interest expense 4,290 4,298 12,875 13,632
Total expenses 162,364 151,904 475,393 464,013
Income from continuing operations before taxes 104,132 239,668 465,886 511,260
Income tax expense (245) (223) (207) (356)
Income from continuing operations 103,887 239,445 465,679 510,904
(Loss) income from discontinued operations   (9,779) 0 2,422
Net income 103,887 229,666 465,679 513,326
Net income attributable to noncontrolling interests (30,477) (44,331) (109,323) (96,953)
Net income attributable to RenaissanceRe 73,410 185,335 356,356 416,373
Dividends on preference shares (5,595) (5,595) (16,786) (19,353)
Net income available to RenaissanceRe common shareholders $ 67,815 $ 179,740 $ 339,570 $ 397,020
Income from continuing operations available to RenaissanceRe common shareholders per common share – basic, in usd per share $ 1.72 $ 4.32 $ 8.38 $ 8.95
(Loss) income from discontinued operations (attributable) available to RenaissanceRe common shareholders per common share – basic, in usd per share $ 0.00 $ (0.23) $ 0.00 $ 0.06
Net income available to RenaissanceRe common shareholders per common share – basic, in usd per share $ 1.72 $ 4.09 $ 8.38 $ 9.01
Income from continuing operations available to RenaissanceRe common shareholders per common share – diluted, in usd per share $ 1.70 $ 4.23 $ 8.26 $ 8.79
(Loss) income from discontinued operations (attributable) available to RenaissanceRe common shareholders per common share – diluted, in usd per share $ 0.00 $ (0.22) $ 0.00 $ 0.05
Net income available to RenaissanceRe common shareholders per common share – diluted, in usd per share $ 1.70 $ 4.01 $ 8.26 $ 8.84
Dividends per common share, in usd per share $ 0.29 $ 0.28 $ 0.87 $ 0.84