Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015	Catastrophe Reinsurance			Specialty Reinsurance			Lloyd’s			Other			Total
Gross premiums written (1)	$	389,247		$	124,291		$	130,130		$	(90	)	$	643,578
Net premiums written	$	222,640		$	103,915		$	77,569		$	(89	)	$	404,035
Net premiums earned	$	143,767		$	94,876		$	58,206		$	(89	)	$	296,760
Net claims and claim expenses incurred	7,594			39,588			29,843			(172		)	76,853
Acquisition expenses	7,654			20,689			14,693			365			43,401
Operational expenses	20,363			13,290			11,940			28			45,621
Underwriting income (loss)	$	108,156		$	21,309		$	1,730		$	(310	)	130,885
Net investment income										39,707			39,707
Net foreign exchange losses										(3,130		)	(3,130		)
Equity in earnings of other ventures										5,295			5,295
Other income										1,539			1,539
Net realized and unrealized gains on investments										41,749			41,749
Corporate expenses										(45,598		)	(45,598		)
Interest expense										(5,251		)	(5,251		)
Income before taxes and noncontrolling interests													165,196
Income tax benefit										47,904			47,904
Net income attributable to noncontrolling interests										(39,662		)	(39,662		)
Dividends on preference shares										(5,595		)	(5,595		)
Net income available to RenaissanceRe common shareholders													$	167,843

Net claims and claim expenses incurred – current accident year	$	24,124		$	49,264		$	25,610		$	—		$	98,998
Net claims and claim expenses incurred – prior accident years	(16,530		)	(9,676		)	4,233			(172		)	(22,145		)
Net claims and claim expenses incurred – total	$	7,594		$	39,588		$	29,843		$	(172	)	$	76,853

Net claims and claim expense ratio – current accident year	16.8		%	51.9		%	44.0		%	—		%	33.4		%
Net claims and claim expense ratio – prior accident years	(11.5		)%	(10.2		)%	7.3		%	193.3		%	(7.5		)%
Net claims and claim expense ratio – calendar year	5.3		%	41.7		%	51.3		%	193.3		%	25.9		%
Underwriting expense ratio	19.5		%	35.8		%	45.7		%	(441.6		)%	30.0		%
Combined ratio	24.8		%	77.5		%	97.0		%	(248.3		)%	55.9		%

(1) Included in gross premiums written in the Other category is the elimination of inter-segment gross premiums written of $0.1 million for the three months ended March 31, 2015.




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 before taxes and noncontrolling interests													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		%

- 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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