Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016	Catastrophe Reinsurance			Specialty Reinsurance			Lloyd’s			Other			Total
Gross premiums written	$	360,423		$	368,989		$	132,721		$	—		$	862,133
Net premiums written	$	188,785		$	260,091		$	62,799		$	—		$	511,675
Net premiums earned	$	136,985		$	155,318		$	61,303		$	—		$	353,606
Net claims and claim expenses incurred	7,820			91,852			27,016			(83		)	126,605
Acquisition expenses	9,580			41,725			14,287			—			65,592
Operational expenses	20,268			21,773			14,134			60			56,235
Underwriting income (loss)	$	99,317		$	(32	)	$	5,866		$	23		105,174
Net investment income										28,863			28,863
Net foreign exchange losses										(1,692		)	(1,692		)
Equity in earnings of other ventures										1,611			1,611
Other income										4,079			4,079
Net realized and unrealized gains on investments										61,653			61,653
Corporate expenses										(8,225		)	(8,225		)
Interest expense										(10,538		)	(10,538		)
Income before taxes and redeemable noncontrolling interests													180,925
Income tax expense										(2,744		)	(2,744		)
Net income attributable to redeemable noncontrolling interests										(44,591		)	(44,591		)
Dividends on preference shares										(5,595		)	(5,595		)
Net income available to RenaissanceRe common shareholders													$	127,995

Net claims and claim expenses incurred – current accident year	$	13,883		$	88,378		$	25,948		$	—		$	128,209
Net claims and claim expenses incurred – prior accident years	(6,063		)	3,474			1,068			(83		)	(1,604		)
Net claims and claim expenses incurred – total	$	7,820		$	91,852		$	27,016		$	(83	)	$	126,605

Net claims and claim expense ratio – current accident year	10.1		%	56.9		%	42.3		%				36.3		%
Net claims and claim expense ratio – prior accident years	(4.4		)%	2.2		%	1.8		%				(0.5		)%
Net claims and claim expense ratio – calendar year	5.7		%	59.1		%	44.1		%				35.8		%
Underwriting expense ratio	21.8		%	40.9		%	46.3		%				34.5		%
Combined ratio	27.5		%	100.0		%	90.4		%				70.3		%




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										(45,533		)	(45,533		)
Interest expense										(5,316		)	(5,316		)
Income before taxes and redeemable noncontrolling interests													165,196
Income tax benefit										47,904			47,904
Net income attributable to redeemable 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		%				(7.5		)%
Net claims and claim expense ratio – calendar year	5.3		%	41.7		%	51.3		%				25.9		%
Underwriting expense ratio	19.5		%	35.8		%	45.7		%				30.0		%
Combined ratio	24.8		%	77.5		%	97.0		%				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.