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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	1,042,536					$	659,336					$	—					$	1,701,872
			Net premiums written			$	704,138					$	476,665					$	—					$	1,180,803
			Net premiums earned			$	491,116					$	518,980					$	—					$	1,010,096
			Net claims and claim expenses incurred			164,050						346,266						(44)						510,272
			Acquisition expenses			94,772						138,837						1						233,610
			Operational expenses			31,656						17,422						(1)						49,077
			Underwriting income			$	200,638					$	16,455					$	44					217,137
			Net investment income															89,305						89,305
			Net foreign exchange losses															(7,195)						(7,195)
			Equity in earnings of other ventures															9,041						9,041
			Other loss															(1,201)						(1,201)
			Net realized and unrealized gains on investments															448,390						448,390
			Corporate expenses															(11,898)						(11,898)
			Interest expense															(11,842)						(11,842)
			Income before taxes																					731,737
			Income tax expense															(29,875)						(29,875)
			Net income attributable to redeemable noncontrolling interests															(118,728)						(118,728)
			Dividends on preference shares															(7,289)						(7,289)
			Net income available to RenaissanceRe common shareholders																					$	575,845
			Net claims and claim expenses incurred – current accident year			$	170,614					$	355,064					$	—					$	525,678
			Net claims and claim expenses incurred – prior accident years			(6,564)						(8,798)						(44)						(15,406)
			Net claims and claim expenses incurred – total			$	164,050					$	346,266					$	(44)					$	510,272
			Net claims and claim expense ratio – current accident year			34.7		%				68.4		%										52.0		%
			Net claims and claim expense ratio – prior accident years			(1.3)		%				(1.7)		%										(1.5)		%
			Net claims and claim expense ratio – calendar year			33.4		%				66.7		%										50.5		%
			Underwriting expense ratio			25.7		%				30.1		%										28.0		%
			Combined ratio			59.1		%				96.8		%										78.5		%

			Six months ended June 30, 2020			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	2,263,062					$	1,464,531					$	—					$	3,727,593
			Net premiums written			$	1,378,719					$	1,071,892					$	—					$	2,450,611
			Net premiums earned			$	912,451					$	1,010,743					$	—					$	1,923,194
			Net claims and claim expenses incurred			308,902						772,475						(151)						1,081,226
			Acquisition expenses			180,123						264,090						1						444,214
			Operational expenses			75,663						40,876						(1)						116,538
			Underwriting income (loss)			$	347,763					$	(66,698)					$	151					281,216
			Net investment income															188,778						188,778
			Net foreign exchange losses															(12,923)						(12,923)
			Equity in earnings of other ventures															13,605						13,605
			Other loss															(5,637)						(5,637)
			Net realized and unrealized gains on investments															337,683						337,683
			Corporate expenses															(27,889)						(27,889)
			Interest expense															(26,769)						(26,769)
			Income before taxes																					748,064
			Income tax expense															(21,029)						(21,029)
			Net income attributable to redeemable noncontrolling interests															(216,819)						(216,819)
			Dividends on preference shares															(16,345)						(16,345)
			Net income available to RenaissanceRe common shareholders																					$	493,871
			Net claims and claim expenses incurred – current accident year			$	301,458					$	781,274					$	—					$	1,082,732
			Net claims and claim expenses incurred – prior accident years			7,444						(8,799)						(151)						(1,506)
			Net claims and claim expenses incurred – total			$	308,902					$	772,475					$	(151)					$	1,081,226
			Net claims and claim expense ratio – current accident year			33.0		%				77.3		%										56.3		%
			Net claims and claim expense ratio – prior accident years			0.9		%				(0.9)		%										(0.1)		%
			Net claims and claim expense ratio – calendar year			33.9		%				76.4		%										56.2		%
			Underwriting expense ratio			28.0		%				30.2		%										29.2		%
			Combined ratio			61.9		%				106.6		%										85.4		%

			Three months ended June 30, 2019			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	839,200					$	637,708					$	—					$	1,476,908
			Net premiums written			$	544,115					$	478,850					$	—					$	1,022,965
			Net premiums earned			$	425,013					$	486,489					$	—					$	911,502
			Net claims and claim expenses incurred			146,874						306,501						(2)						453,373
			Acquisition expenses			89,711						137,963						(192)						227,482
			Operational expenses			36,764						23,016						34						59,814
			Underwriting income			$	151,664					$	19,009					$	160					170,833
			Net investment income															118,588						118,588
			Net foreign exchange gains															9,309						9,309
			Equity in earnings of other ventures															6,812						6,812
			Other income															922						922
			Net realized and unrealized gains on investments															191,247						191,247
			Corporate expenses															(23,847)						(23,847)
			Interest expense															(15,534)						(15,534)
			Income before taxes																					458,330
			Income tax expense															(9,475)						(9,475)
			Net income attributable to redeemable noncontrolling interests															(71,812)						(71,812)
			Dividends on preference shares															(9,189)						(9,189)
			Net income available to RenaissanceRe common shareholders																					$	367,854
			Net claims and claim expenses incurred – current accident year			$	136,111					$	317,029					$	—					$	453,140
			Net claims and claim expenses incurred – prior accident years			10,763						(10,528)						(2)						233
			Net claims and claim expenses incurred – total			$	146,874					$	306,501					$	(2)					$	453,373
			Net claims and claim expense ratio – current accident year			32.0		%				65.2		%										49.7		%
			Net claims and claim expense ratio – prior accident years			2.6		%				(2.2)		%										—		%
			Net claims and claim expense ratio – calendar year			34.6		%				63.0		%										49.7		%
			Underwriting expense ratio			29.7		%				33.1		%										31.6		%
			Combined ratio			64.3		%				96.1		%										81.3		%

			Six months ended June 30, 2019			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	1,871,584					$	1,169,619					$	—					$	3,041,203
			Net premiums written			$	1,108,345					$	843,651					$	—					$	1,951,996
			Net premiums earned			$	715,758					$	745,772					$	—					$	1,461,530
			Net claims and claim expenses incurred			202,957						477,434						17						680,408
			Acquisition expenses			143,450						208,175						(192)						351,433
			Operational expenses			65,308						39,405						34						104,747
			Underwriting income			$	304,043					$	20,758					$	141					324,942
			Net investment income															200,682						200,682
			Net foreign exchange gains															6,463						6,463
			Equity in earnings of other ventures															11,473						11,473
			Other income															4,093						4,093
			Net realized and unrealized gains on investments															361,260						361,260
			Corporate expenses															(62,636)						(62,636)
			Interest expense															(27,288)						(27,288)
			Income before taxes																					818,989
			Income tax expense															(17,006)						(17,006)
			Net income attributable to redeemable noncontrolling interests															(142,034)						(142,034)
			Dividends on preference shares															(18,378)						(18,378)
			Net income available to RenaissanceRe common shareholders																					$	641,571
			Net claims and claim expenses incurred – current accident year			$	190,317					$	494,164					$	—					$	684,481
			Net claims and claim expenses incurred – prior accident years			12,640						(16,730)						17						(4,073)
			Net claims and claim expenses incurred – total			$	202,957					$	477,434					$	17					$	680,408
			Net claims and claim expense ratio – current accident year			26.6		%				66.3		%										46.8		%
			Net claims and claim expense ratio – prior accident years			1.8		%				(2.3)		%										(0.2)		%
			Net claims and claim expense ratio – calendar year			28.4		%				64.0		%										46.6		%
			Underwriting expense ratio			29.1		%				33.2		%										31.2		%
			Combined ratio			57.5		%				97.2		%										77.8		%

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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