Statutory Requirements (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Actual and Required Statutory Capital and Surplus

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




	Bermuda (1)				U.S.				U.K. (2) (3)
At December 31,	2018		2017		2018		2017		2018		2017
Statutory economic capital and surplus	$	4,256,830	$	4,155,368	$	502,803	$	523,384	$	519,689	$	527,325
Required statutory capital and surplus	950,915		836,181		306,628		306,375		519,689		527,325
Unrestricted net assets	931,387		790,177		31,228		24,109		—		—


(1)	The Company's Bermuda-domiciled insurance subsidiaries’ capital and surplus is based on the relevant insurer’s statutory financial statements and required statutory capital and surplus is based on the MSM.

(2)

With respect to statutory capital and surplus 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.


(3)	Syndicate 1458 is capitalized by its FAL, with the related assets not held on its balance sheet. As such, unrestricted 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 (Loss) Income

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




	Statutory Net Income (Loss)
	Bermuda			U.S.			U.K.
Year ended December 31, 2018	$	326,386		$	25,851		$	(6,692	)
Year ended December 31, 2017	(334,142		)	(3,627		)	(57,050		)
Year ended December 31, 2016	625,371			43,292			28,007