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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Gross premiums written $ 1,476,908 $ 977,343 $ 3,041,203 $ 2,136,995
Net premiums written 1,022,965 604,509 1,951,996 1,267,553
Increase in unearned premiums (111,463) (175,124) (490,466) (397,886)
Net premiums earned 911,502 429,385 1,461,530 869,667
Net investment income 115,832 71,356 197,294 127,832
Net foreign exchange gains (losses) 9,309 (10,687) 6,463 (6,930)
Equity in earnings of other ventures 6,812 5,826 11,473 6,683
Other income (loss) 922 1,225 4,093 (17)
Net realized and unrealized gains (losses) on investments 194,003 (17,901) 364,648 (100,045)
Total revenues 1,238,380 479,204 2,045,501 897,190
Expenses        
Net claims and claim expenses incurred 453,373 60,167 680,408 231,870
Acquisition expenses 227,482 105,052 351,433 202,763
Operational expenses 59,814 37,543 104,747 78,815
Corporate expenses 23,847 8,301 62,636 15,034
Interest expense 15,534 11,768 27,288 23,535
Total expenses 780,050 222,831 1,226,512 552,017
Income before taxes 458,330 256,373 818,989 345,173
Income tax expense (9,475) (4,506) (17,006) (1,099)
Net income 448,855 251,867 801,983 344,074
Net income attributable to redeemable noncontrolling interests (71,812) (54,483) (142,034) (84,382)
Net income attributable to RenaissanceRe 377,043 197,384 659,949 259,692
Dividends on preference shares (9,189) (5,596) (18,378) (11,191)
Net income available to RenaissanceRe common shareholders $ 367,854 $ 191,788 $ 641,571 $ 248,501
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 8.36 $ 4.78 $ 14.82 $ 6.21
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 8.35 4.78 14.81 6.21
Dividends per common share (in dollars per share) $ 0.34 $ 0.33 $ 0.68 $ 0.66