Statutory Requirements (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Actual and Required Statutory Capital and Surplus

The actual statutory capital and surplus, required statutory capital and surplus and restricted net assets of the Company’s regulated insurance operations in its most significant regulatory jurisdictions are detailed below:




	Bermuda				U.S.				U.K. (1) (2)
At December 31,	2015		2014		2015		2014		2015		2014
Actual statutory capital and surplus	$	4,879,154	$	3,375,317	$	521,522	$	—	$	485,256	$	409,046
Required statutory capital and surplus	686,854		479,346		219,164		—		485,256		409,046
Restricted net assets	838,633		1,018,878		321,362		—		—		—

(1)

With respect to actual and required statutory capital and surplus, and as described below, underwriting capacity of a member of Lloyd’s must be supported by providing a deposit in the form of cash, securities or letters of credit, which are referred to as Funds at Lloyd’s (“FAL”). FAL is determined by Lloyd’s and is based on Syndicate 1458’s solvency and capital requirements as calculated through its internal model.


(2)	Syndicate 1458 is capitalized by its FAL, with the related assets not held on its balance sheet. As such, restricted net assets is not applicable to Syndicate 1458; however, the Company can make an application to obtain approval from Lloyd’s to have funds released to RenaissanceRe from Syndicate 1458, subject to passing a Lloyd’s release test.

Schedule of Statutory Net Income

Statutory net income of the Company’s regulated insurance operations in its most significant regulatory jurisdictions are detailed below:




	Statutory Net Income
	Bermuda		U.S.		U.K.
Year ended December 31, 2015	$	355,132	$	58,752	$	1,627
Year ended December 31, 2014	623,931		—		24,433
Year ended December 31, 2013	712,820		—		7,745