Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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






































Three months ended March 31, 2021	Property			Casualty and Specialty			Other		Total
Gross premiums written	$	1,616,819		$	1,035,623		$	—	$	2,652,442
Net premiums written	$	1,008,460		$	815,623		$	—	$	1,824,083
Net premiums earned	$	605,166		$	548,670		$	—	$	1,153,836
Net claims and claim expenses incurred	498,832			368,219			—		867,051
Acquisition expenses	112,754			154,480			—		267,234
Operational expenses	35,375			19,936			—		55,311
Underwriting (loss) income	$	(41,795)		$	6,035		$	—	(35,760)
Net investment income							79,804		79,804
Net foreign exchange losses							(22,788)		(22,788)
Equity in earnings of other ventures							(5,558)		(5,558)
Other income							2,171		2,171
Net realized and unrealized losses on investments							(345,563)		(345,563)

Corporate expenses							(10,405)		(10,405)
Interest expense							(11,912)		(11,912)
Loss before taxes									(350,011)
Income tax benefit							19,516		19,516

Net loss attributable to redeemable noncontrolling interests							46,850		46,850
Dividends on preference shares							(7,289)		(7,289)
Net loss attributable to RenaissanceRe common shareholders									$	(290,934)

Net claims and claim expenses incurred – current accident year	$	503,994		$	372,089		$	—	$	876,083
Net claims and claim expenses incurred – prior accident years	(5,162)			(3,870)			—		(9,032)
Net claims and claim expenses incurred – total	$	498,832		$	368,219		$	—	$	867,051

Net claims and claim expense ratio – current accident year	83.3		%	67.8		%			75.9		%
Net claims and claim expense ratio – prior accident years	(0.9)		%	(0.7)		%			(0.8)		%
Net claims and claim expense ratio – calendar year	82.4		%	67.1		%			75.1		%
Underwriting expense ratio	24.5		%	31.8		%			28.0		%
Combined ratio	106.9		%	98.9		%			103.1		%






































Three months ended March 31, 2020	Property			Casualty and Specialty			Other		Total
Gross premiums written	$	1,220,526		$	805,195		$	—	$	2,025,721
Net premiums written	$	674,581		$	595,227		$	—	$	1,269,808
Net premiums earned	$	421,335		$	491,763		$	—	$	913,098
Net claims and claim expenses incurred	144,745			426,209			—		570,954
Acquisition expenses	85,351			125,253			—		210,604
Operational expenses	44,007			23,454			—		67,461
Underwriting income (loss)	$	147,232		$	(83,153)		$	—	64,079
Net investment income							99,473		99,473
Net foreign exchange losses							(5,728)		(5,728)
Equity in earnings of other ventures							4,564		4,564
Other loss							(4,436)		(4,436)
Net realized and unrealized losses on investments							(110,707)		(110,707)

Corporate expenses							(15,991)		(15,991)
Interest expense							(14,927)		(14,927)
Income before taxes									16,327
Income tax benefit							8,846		8,846
Net income attributable to redeemable noncontrolling interests							(98,091)		(98,091)
Dividends on preference shares							(9,056)		(9,056)
Net loss attributable to RenaissanceRe common shareholders									$	(81,974)

Net claims and claim expenses incurred – current accident year	$	130,844		$	426,210		$	—	$	557,054
Net claims and claim expenses incurred – prior accident years	13,901			(1)			—		13,900
Net claims and claim expenses incurred – total	$	144,745		$	426,209		$	—	$	570,954

Net claims and claim expense ratio – current accident year	31.1		%	86.7		%			61.0		%
Net claims and claim expense ratio – prior accident years	3.3		%	—		%			1.5		%
Net claims and claim expense ratio – calendar year	34.4		%	86.7		%			62.5		%
Underwriting expense ratio	30.7		%	30.2		%			30.5		%
Combined ratio	65.1		%	116.9		%			93.0		%