XML 66 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Gross premiums written $ 643,578us-gaap_PremiumsWrittenGross $ 705,260us-gaap_PremiumsWrittenGross
Net premiums written 404,035us-gaap_PremiumsWrittenNet 450,347us-gaap_PremiumsWrittenNet
Increase in unearned premiums (107,275)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (163,813)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet
Net premiums earned 296,760us-gaap_PremiumsEarnedNet 286,534us-gaap_PremiumsEarnedNet
Net investment income 39,707us-gaap_NetInvestmentIncome 38,948us-gaap_NetInvestmentIncome
Net foreign exchange losses (3,130)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (1,061)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Equity in earnings of other ventures 5,295us-gaap_IncomeLossFromEquityMethodInvestments 4,199us-gaap_IncomeLossFromEquityMethodInvestments
Other income 1,539us-gaap_OtherOperatingIncomeExpenseNet 62us-gaap_OtherOperatingIncomeExpenseNet
Net realized and unrealized gains on investments 41,749us-gaap_GainLossOnInvestments 14,927us-gaap_GainLossOnInvestments
Total revenues 381,920us-gaap_Revenues 343,609us-gaap_Revenues
Expenses    
Net claims and claim expenses incurred 76,853us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 58,915us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Acquisition expenses 43,401us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 33,700us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Operational expenses 45,621us-gaap_OperatingExpenses 42,624us-gaap_OperatingExpenses
Corporate expenses 45,598us-gaap_GeneralAndAdministrativeExpense 4,545us-gaap_GeneralAndAdministrativeExpense
Interest expense 5,251us-gaap_InterestExpense 4,293us-gaap_InterestExpense
Total expenses 216,724us-gaap_BenefitsLossesAndExpenses 144,077us-gaap_BenefitsLossesAndExpenses
Income before taxes 165,196us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 199,532us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit (expense) 47,904us-gaap_IncomeTaxExpenseBenefit (166)us-gaap_IncomeTaxExpenseBenefit
Net income 213,100us-gaap_ProfitLoss 199,366us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (39,662)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (42,768)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to RenaissanceRe 173,438us-gaap_NetIncomeLoss 156,598us-gaap_NetIncomeLoss
Dividends on preference shares (5,595)us-gaap_DividendsPreferredStock (5,595)us-gaap_DividendsPreferredStock
Net income available to RenaissanceRe common shareholders $ 167,843us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 151,003us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net income available to RenaissanceRe common shareholders per common share – basic (in usd per share) $ 4.18us-gaap_EarningsPerShareBasic $ 3.61us-gaap_EarningsPerShareBasic
Net income available to RenaissanceRe common shareholders per common share – diluted (in usd per share) $ 4.14us-gaap_EarningsPerShareDiluted $ 3.56us-gaap_EarningsPerShareDiluted
Dividends per common share, in usd per share $ 0.3us-gaap_CommonStockDividendsPerShareDeclared $ 0.29us-gaap_CommonStockDividendsPerShareDeclared