Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting, Measurement Disclosures [Abstract]

Schedule of Significant Components of the Company's Revenues and Expenses by Segment

A summary of the significant components of the Company’s revenues and expenses by segment is as follows:




Three months ended March 31, 2019	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	1,032,384		$	531,911		$	—		$	1,564,295
Net premiums written	$	564,230		$	364,801		$	—		$	929,031
Net premiums earned	$	290,745		$	259,283		$	—		$	550,028
Net claims and claim expenses incurred	56,083			170,933			19			227,035
Acquisition expenses	53,739			70,212			—			123,951
Operational expenses	28,544			16,389			—			44,933
Underwriting income (loss)	$	152,379		$	1,749		$	(19	)	154,109
Net investment income							81,462			81,462
Net foreign exchange losses							(2,846		)	(2,846		)
Equity in earnings of other ventures							4,661			4,661
Other income							3,171			3,171
Net realized and unrealized gains on investments							170,645			170,645
Corporate expenses							(38,789		)	(38,789		)
Interest expense							(11,754		)	(11,754		)
Income before taxes and redeemable noncontrolling interests										360,659
Income tax expense							(7,531		)	(7,531		)
Net income attributable to redeemable noncontrolling interests							(70,222		)	(70,222		)
Dividends on preference shares							(9,189		)	(9,189		)
Net income available to RenaissanceRe common shareholders										$	273,717

Net claims and claim expenses incurred – current accident year	$	54,206		$	177,135		$	—		$	231,341
Net claims and claim expenses incurred – prior accident years	1,877			(6,202		)	19			(4,306		)
Net claims and claim expenses incurred – total	$	56,083		$	170,933		$	19		$	227,035

Net claims and claim expense ratio – current accident year	18.6		%	68.3		%				42.1		%
Net claims and claim expense ratio – prior accident years	0.7		%	(2.4		)%				(0.8		)%
Net claims and claim expense ratio – calendar year	19.3		%	65.9		%				41.3		%
Underwriting expense ratio	28.3		%	33.4		%				30.7		%
Combined ratio	47.6		%	99.3		%				72.0		%




Three months ended March 31, 2018	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	706,968		$	452,684		$	—		$	1,159,652
Net premiums written	$	354,077		$	308,967		$	—		$	663,044
Net premiums earned	$	225,049		$	215,233		$	—		$	440,282
Net claims and claim expenses incurred	30,607			141,078			18			171,703
Acquisition expenses	40,721			56,990			—			97,711
Operational expenses	26,546			14,593			133			41,272
Underwriting income (loss)	$	127,175		$	2,572		$	(151	)	129,596
Net investment income							56,476			56,476
Net foreign exchange gains							3,757			3,757
Equity in earnings of other ventures							857			857
Other loss							(1,242		)	(1,242		)
Net realized and unrealized losses on investments							(82,144		)	(82,144		)
Corporate expenses							(6,733		)	(6,733		)
Interest expense							(11,767		)	(11,767		)
Income before taxes and redeemable noncontrolling interests										88,800
Income tax benefit							3,407			3,407
Net income attributable to redeemable noncontrolling interests							(29,899		)	(29,899		)
Dividends on preference shares							(5,595		)	(5,595		)
Net income available to RenaissanceRe common shareholders										$	56,713

Net claims and claim expenses incurred – current accident year	$	58,169		$	144,869		$	—		$	203,038
Net claims and claim expenses incurred – prior accident years	(27,562		)	(3,791		)	18			(31,335		)
Net claims and claim expenses incurred – total	$	30,607		$	141,078		$	18		$	171,703

Net claims and claim expense ratio – current accident year	25.8		%	67.3		%				46.1		%
Net claims and claim expense ratio – prior accident years	(12.2		)%	(1.8		)%				(7.1		)%
Net claims and claim expense ratio – calendar year	13.6		%	65.5		%				39.0		%
Underwriting expense ratio	29.9		%	33.3		%				31.6		%
Combined ratio	43.5		%	98.8		%				70.6		%