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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Information (Unaudited)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended
March 31,
 
Quarter Ended
June 30,
 
Quarter Ended
September 30,
 
Quarter Ended
December 31,
 
 
  
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross premiums written
$
643,578

 
$
705,260

 
$
661,997

 
$
511,540

 
$
369,642

 
$
200,992

 
$
336,093

 
$
132,780

 
 
Net premiums written
$
404,035

 
$
450,347

 
$
508,677

 
$
346,407

 
$
266,820

 
$
159,713

 
$
236,651

 
$
111,769

 
 
(Increase) decrease in unearned premiums
(107,275
)
 
(163,813
)
 
(128,849
)
 
(85,991
)
 
95,568

 
99,266

 
124,924

 
144,718

 
 
Net premiums earned
296,760

 
286,534

 
379,828

 
260,416

 
362,388

 
258,979

 
361,575

 
256,487

 
 
Net investment income
39,707

 
38,948

 
38,604

 
34,541

 
28,338

 
24,941

 
45,918

 
25,886

 
 
Net foreign exchange (losses) gains
(3,130
)
 
(1,061
)
 
(1,740
)
 
2,392

 
616

 
5,036

 
1,203

 
(107
)
 
 
Equity in earnings of other ventures
5,295

 
4,199

 
6,160

 
7,232

 
5,730

 
9,806

 
3,296

 
4,838

 
 
Other income (loss)
1,539

 
62

 
1,427

 
(535
)
 
2,306

 
(1,169
)
 
8,200

 
1,219

 
 
Net realized and unrealized gains (losses) on investments
41,749

 
14,927

 
(26,712
)
 
27,128

 
(41,138
)
 
(31,097
)
 
(42,817
)
 
30,475

 
 
Total revenues
381,920

 
343,609

 
397,567

 
331,174

 
358,240

 
266,496

 
377,375

 
318,798

 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
76,853

 
58,915

 
169,344

 
81,388

 
100,028

 
69,647

 
102,013

 
(12,003
)
 
 
Acquisition costs
43,401

 
33,700

 
61,666

 
33,477

 
78,126

 
37,550

 
55,399

 
39,749

 
 
Operational expenses
45,621

 
42,624

 
54,673

 
45,841

 
54,518

 
46,972

 
64,300

 
55,202

 
 
Corporate expenses
45,598

 
4,545

 
13,032

 
3,954

 
7,502

 
3,905

 
10,982

 
10,583

 
 
Interest expense
5,251

 
4,293

 
9,698

 
4,292

 
10,362

 
4,290

 
10,359

 
4,289

 
 
Total expenses
216,724

 
144,077

 
308,413

 
168,952

 
250,536

 
162,364

 
243,053

 
97,820

 
 
Income before taxes
165,196

 
199,532

 
89,154

 
162,222

 
107,704

 
104,132

 
134,322

 
220,978

 
 
Income tax benefit (expense)
47,904

 
(166
)
 
1,842

 
204

 
4,573

 
(245
)
 
(8,453
)
 
(401
)
 
 
Net income
213,100

 
199,366

 
90,996

 
162,426

 
112,277

 
103,887

 
125,869

 
220,577

 
 
Net income attributable to noncontrolling interests
(39,662
)
 
(42,768
)
 
(12,167
)
 
(36,078
)
 
(31,153
)
 
(30,477
)
 
(28,068
)
 
(44,215
)
 
 
Net income available to RenaissanceRe
173,438

 
156,598

 
78,829

 
126,348

 
81,124

 
73,410

 
97,801

 
176,362

 
 
Dividends on preference shares
(5,595
)
 
(5,595
)
 
(5,596
)
 
(5,596
)
 
(5,595
)
 
(5,595
)
 
(5,595
)
 
(5,595
)
 
 
Net income available to RenaissanceRe common shareholders
$
167,843

 
$
151,003

 
$
73,233

 
$
120,752

 
$
75,529

 
$
67,815

 
$
92,206

 
$
170,767

 
 
Net income available to RenaissanceRe common shareholders per common share – basic
$
4.18

 
$
3.61

 
$
1.60

 
$
3.00

 
$
1.68

 
$
1.72

 
$
2.11

 
$
4.46

 
 
Net income available to RenaissanceRe common shareholders per common share – diluted
$
4.14

 
$
3.56

 
$
1.59

 
$
2.95

 
$
1.66

 
$
1.70

 
$
2.09

 
$
4.42

 
 
Average shares outstanding – basic
39,631

 
41,238

 
45,303

 
39,736

 
44,564

 
38,975

 
43,131

 
37,752

 
 
Average shares outstanding – diluted
40,021

 
41,903

 
45,657

 
40,395

 
44,913

 
39,433

 
43,513

 
38,145