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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Gross premiums written $ 827,415 $ 759,128 $ 1,749,505 $ 1,621,261
Net premiums written 555,745 519,916 1,099,881 1,031,591
Increase in unearned premiums (173,480) (168,514) (351,571) (326,583)
Net premiums earned 382,265 351,402 748,310 705,008
Net investment income 54,163 54,124 108,488 82,987
Net foreign exchange gains (losses) 3,109 (690) 11,274 (2,382)
Equity in earnings of other ventures 5,543 6,022 4,036 7,633
Other income 2,392 2,654 4,057 6,733
Net realized and unrealized gains on investments 58,113 69,772 101,486 131,425
Total revenues 505,585 483,284 977,651 931,404
Expenses        
Net claims and claim expenses incurred 142,587 167,750 335,668 294,355
Acquisition expenses 88,251 69,005 171,533 134,597
Operational expenses 41,766 51,073 89,049 107,308
Corporate expenses 4,636 5,752 9,922 13,977
Interest expense 10,091 10,536 20,617 21,074
Total expenses 287,331 304,116 626,789 571,311
Income before taxes 218,254 179,168 350,862 360,093
Income tax expense (3,904) (6,612) (4,238) (9,356)
Net income 214,350 172,556 346,624 350,737
Net income attributable to redeemable noncontrolling interests (37,612) (30,635) (71,939) (75,226)
Net income attributable to RenaissanceRe 176,738 141,921 274,685 275,511
Dividends on preference shares (5,596) (5,596) (11,191) (11,191)
Net income available to RenaissanceRe common shareholders $ 171,142 $ 136,325 $ 263,494 $ 264,320
Net income available to RenaissanceRe common shareholders per common share – basic $ 4.25 $ 3.23 $ 6.50 $ 6.20
Net income available to RenaissanceRe common shareholders per common share – diluted 4.24 3.22 6.47 6.16
Dividends per common share (in dollars per share) $ 0.32 $ 0.31 $ 0.64 $ 0.62