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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Gross premiums written $ 1,564,295 $ 1,159,652
Net premiums written 929,031 663,044
Increase in unearned premiums (379,003) (222,762)
Net premiums earned 550,028 440,282
Net investment income 81,462 56,476
Net foreign exchange (losses) gains (2,846) 3,757
Equity in earnings of other ventures 4,661 857
Other income (loss) 3,171 (1,242)
Net realized and unrealized gains (losses) on investments 170,645 (82,144)
Total revenues 807,121 417,986
Expenses    
Net claims and claim expenses incurred 227,035 171,703
Acquisition expenses 123,951 97,711
Operational expenses 44,933 41,272
Corporate expenses 38,789 6,733
Interest expense 11,754 11,767
Total expenses 446,462 329,186
Income before taxes 360,659 88,800
Income tax (expense) benefit (7,531) 3,407
Net income 353,128 92,207
Net income attributable to redeemable noncontrolling interests (70,222) (29,899)
Net income attributable to RenaissanceRe 282,906 62,308
Dividends on preference shares (9,189) (5,595)
Net income available to RenaissanceRe common shareholders $ 273,717 $ 56,713
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 6.43 $ 1.42
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 6.43 1.42
Dividends per common share (in dollars per share) $ 0.34 $ 0.33