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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Gross premiums written $ 369,642 $ 200,992 $ 1,675,217 $ 1,417,792
Net premiums written 266,820 159,713 1,179,532 956,467
Decrease (increase) in unearned premiums 95,568 99,266 (140,556) (150,538)
Net premiums earned 362,388 258,979 1,038,976 805,929
Net investment income 28,338 24,941 106,649 98,430
Net foreign exchange gains (losses) 616 5,036 (4,254) 6,367
Equity in earnings of other ventures 5,730 9,806 17,185 21,237
Other income (loss) 2,306 (1,169) 5,272 (1,642)
Net realized and unrealized (losses) gains on investments (41,138) (31,097) (26,101) 10,958
Total revenues 358,240 266,496 1,137,727 941,279
Expenses        
Net claims and claim expenses incurred 100,028 69,647 346,225 209,950
Acquisition expenses 78,126 37,550 183,193 104,727
Operational expenses 54,518 46,972 154,812 135,437
Corporate expenses 7,502 3,905 66,132 12,404
Interest expense 10,362 4,290 25,311 12,875
Total expenses 250,536 162,364 775,673 475,393
Income before taxes 107,704 104,132 362,054 465,886
Income tax benefit (expense) 4,573 (245) 54,319 (207)
Net income 112,277 103,887 416,373 465,679
Net income attributable to noncontrolling interests (31,153) (30,477) (82,982) (109,323)
Net income attributable to RenaissanceRe 81,124 73,410 333,391 356,356
Dividends on preference shares (5,595) (5,595) (16,786) (16,786)
Net income available to RenaissanceRe common shareholders $ 75,529 $ 67,815 $ 316,605 $ 339,570
Net income available to RenaissanceRe common shareholders per common share – basic (in usd per share) $ 1.68 $ 1.72 $ 7.25 $ 8.38
Net income available to RenaissanceRe common shareholders per common share – diluted (in usd per share) 1.66 1.70 7.19 8.26
Dividends per common share, in usd per share $ 0.3 $ 0.29 $ 0.9 $ 0.87