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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Gross premiums written $ 625,677 $ 640,269 $ 2,762,672 $ 2,389,774
Net premiums written 453,255 483,221 1,720,808 1,583,102
Decrease (increase) in unearned premiums 78,594 64,571 (319,292) (287,000)
Net premiums earned 531,849 547,792 1,401,516 1,296,102
Net investment income 80,696 40,257 208,528 148,745
Net foreign exchange (losses) gains (4,566) (156) (11,496) 11,118
Equity in earnings of other ventures 7,648 1,794 14,331 5,830
Other income 497 2,996 480 7,053
Net realized and unrealized gains (losses) on investments 13,630 42,052 (86,415) 143,538
Total revenues 629,754 634,735 1,526,944 1,612,386
Expenses        
Net claims and claim expenses incurred 410,510 1,221,696 642,380 1,557,364
Acquisition expenses 109,761 76,761 312,524 248,294
Operational expenses 40,593 42,537 119,408 131,586
Corporate expenses 6,841 4,413 21,875 14,335
Interest expense 11,769 11,799 35,304 32,416
Total expenses 579,474 1,357,206 1,131,491 1,983,995
Income (loss) before taxes 50,280 (722,471) 395,453 (371,609)
Income tax (expense) benefit (1,451) 18,977 (2,550) 14,739
Net income (loss) 48,829 (703,494) 392,903 (356,870)
Net (income) loss attributable to redeemable noncontrolling interests (6,440) 204,277 (90,822) 132,338
Net income (loss) attributable to RenaissanceRe 42,389 (499,217) 302,081 (224,532)
Dividends on preference shares (9,708) (5,595) (20,899) (16,786)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 32,681 $ (504,812) $ 281,182 $ (241,318)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 0.82 $ (12.75) $ 7.02 $ (6.04)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 0.82 (12.75) 7.02 (6.04)
Dividends per common share $ 0.33 $ 0.32 $ 0.99 $ 0.96