XML 72 R61.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Reporting (Schedule of Significant Components of the Company's Revenues and Expenses) (Details) - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting Information [Line Items]    
Gross premiums written $ 2,652,442,000 $ 2,025,721,000
Net premiums written 1,824,083,000 1,269,808,000
Net premiums earned 1,153,836,000 913,098,000
Net claims and claim expenses incurred 867,051,000 570,954,000
Acquisition expenses 267,234,000 210,604,000
Operational expenses 55,311,000 67,461,000
Underwriting (loss) income (35,760,000) 64,079,000
Net investment income 79,804,000 99,473,000
Net foreign exchange losses (22,788,000) (5,728,000)
Equity in (losses) earnings of other ventures (5,558,000) 4,564,000
Other income (loss) 2,171,000 (4,436,000)
Net realized and unrealized losses on investments (345,563,000) (110,707,000)
Corporate expenses (10,405,000) (15,991,000)
Interest expense (11,912,000) (14,927,000)
(Loss) income before taxes (350,011,000) 16,327,000
Income tax benefit 19,516,000 8,846,000
Net loss (income) attributable to redeemable noncontrolling interests 46,850,000 (98,091,000)
Dividends on preference shares (7,289,000) (9,056,000)
Net (loss) income attributable to RenaissanceRe common shareholders (290,934,000) (81,974,000)
Net claims and claim expenses incurred – current accident year 876,083,000 557,054,000
Net claims and claim expenses incurred – prior accident years (9,032,000) 13,900,000
Total net incurred $ 867,051,000 $ 570,954,000
Net claims and claim expense ratio – current accident year 75.90% 61.00%
Net claims and claim expense ratio – prior accident years (0.80%) 1.50%
Net claims and claim expense ratio – calendar year 75.10% 62.50%
Underwriting expense ratio 28.00% 30.50%
Combined ratio 103.10% 93.00%
Other    
Segment Reporting Information [Line Items]    
Gross premiums written $ 0 $ 0
Net premiums written 0 0
Net premiums earned 0 0
Net claims and claim expenses incurred 0 0
Acquisition expenses 0 0
Operational expenses 0 0
Underwriting (loss) income 0 0
Net investment income 79,804,000 99,473,000
Net foreign exchange losses (22,788,000) (5,728,000)
Equity in (losses) earnings of other ventures (5,558,000) 4,564,000
Other income (loss) 2,171,000 (4,436,000)
Net realized and unrealized losses on investments (345,563,000) (110,707,000)
Corporate expenses (10,405,000) (15,991,000)
Interest expense (11,912,000) (14,927,000)
Income tax benefit 19,516,000 8,846,000
Net loss (income) attributable to redeemable noncontrolling interests 46,850,000 (98,091,000)
Dividends on preference shares (7,289,000) (9,056,000)
Net claims and claim expenses incurred – current accident year 0 0
Net claims and claim expenses incurred – prior accident years 0 0
Total net incurred 0 0
Property    
Segment Reporting Information [Line Items]    
Net claims and claim expenses incurred – prior accident years (5,162,000) 13,901,000
Property | Operating Segments    
Segment Reporting Information [Line Items]    
Gross premiums written 1,616,819,000 1,220,526,000
Net premiums written 1,008,460,000 674,581,000
Net premiums earned 605,166,000 421,335,000
Net claims and claim expenses incurred 498,832,000 144,745,000
Acquisition expenses 112,754,000 85,351,000
Operational expenses 35,375,000 44,007,000
Underwriting (loss) income (41,795,000) 147,232,000
Net claims and claim expenses incurred – current accident year 503,994,000 130,844,000
Net claims and claim expenses incurred – prior accident years (5,162,000) 13,901,000
Total net incurred $ 498,832,000 $ 144,745,000
Net claims and claim expense ratio – current accident year 83.30% 31.10%
Net claims and claim expense ratio – prior accident years (0.90%) 3.30%
Net claims and claim expense ratio – calendar year 82.40% 34.40%
Underwriting expense ratio 24.50% 30.70%
Combined ratio 106.90% 65.10%
Casualty and Specialty    
Segment Reporting Information [Line Items]    
Net claims and claim expenses incurred – prior accident years $ (3,870,000) $ (1,000.0)
Casualty and Specialty | Operating Segments    
Segment Reporting Information [Line Items]    
Gross premiums written 1,035,623,000 805,195,000
Net premiums written 815,623,000 595,227,000
Net premiums earned 548,670,000 491,763,000
Net claims and claim expenses incurred 368,219,000 426,209,000
Acquisition expenses 154,480,000 125,253,000
Operational expenses 19,936,000 23,454,000
Underwriting (loss) income 6,035,000 (83,153,000)
Net claims and claim expenses incurred – current accident year 372,089,000 426,210,000
Net claims and claim expenses incurred – prior accident years (3,870,000) (1,000)
Total net incurred $ 368,219,000 $ 426,209,000
Net claims and claim expense ratio – current accident year 67.80% 86.70%
Net claims and claim expense ratio – prior accident years (0.70%) 0.00%
Net claims and claim expense ratio – calendar year 67.10% 86.70%
Underwriting expense ratio 31.80% 30.20%
Combined ratio 98.90% 116.90%