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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	1,183,556					$	910,602					$	—					$	2,094,158
			Net premiums written			$	803,335					$	708,957					$	—					$	1,512,292
			Net premiums earned			$	560,397					$	632,393					$	—					$	1,192,790
			Net claims and claim expenses incurred			97,150						422,871						—						520,021
			Acquisition expenses			109,238						176,352						—						285,590
			Operational expenses			38,887						19,316						—						58,203
			Underwriting income			$	315,122					$	13,854					$	—					328,976
			Net investment income															80,925						80,925
			Net foreign exchange gains															3,234						3,234
			Equity in earnings of other ventures															8,732						8,732
			Other income															586						586
			Net realized and unrealized gains on investments															191,018						191,018
			Corporate expenses															(10,125)						(10,125)
			Interest expense															(11,833)						(11,833)
			Income before taxes and redeemable noncontrolling interests																					591,513
			Income tax expense															(13,862)						(13,862)
			Net income attributable to redeemable noncontrolling interests															(113,544)						(113,544)
			Dividends on preference shares															(7,289)						(7,289)
			Net income available to RenaissanceRe common shareholders																					$	456,818
			Net claims and claim expenses incurred – current accident year			$	148,133					$	423,917					$	—					$	572,050
			Net claims and claim expenses incurred – prior accident years			(50,983)						(1,046)						—						(52,029)
			Net claims and claim expenses incurred – total			$	97,150					$	422,871					$	—					$	520,021
			Net claims and claim expense ratio – current accident year			26.4		%				67.0		%										48.0		%
			Net claims and claim expense ratio – prior accident years			(9.1)		%				(0.1)		%										(4.4)		%
			Net claims and claim expense ratio – calendar year			17.3		%				66.9		%										43.6		%
			Underwriting expense ratio			26.5		%				30.9		%										28.8		%
			Combined ratio			43.8		%				97.8		%										72.4		%

			Six months ended June 30, 2021			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	2,800,375					$	1,946,225					$	—					$	4,746,600
			Net premiums written			$	1,811,795					$	1,524,580					$	—					$	3,336,375
			Net premiums earned			$	1,165,563					$	1,181,063					$	—					$	2,346,626
			Net claims and claim expenses incurred			595,982						791,090						—						1,387,072
			Acquisition expenses			221,992						330,832						—						552,824
			Operational expenses			74,262						39,252						—						113,514
			Underwriting income			$	273,327					$	19,889					$	—					293,216
			Net investment income															160,729						160,729
			Net foreign exchange losses															(19,554)						(19,554)
			Equity in earnings of other ventures															3,174						3,174
			Other income															2,757						2,757
			Net realized and unrealized losses on investments															(154,545)						(154,545)
			Corporate expenses															(20,530)						(20,530)
			Interest expense															(23,745)						(23,745)
			Income before taxes and redeemable noncontrolling interests																					241,502
			Income tax benefit															5,654						5,654
			Net income attributable to redeemable noncontrolling interests															(66,694)						(66,694)
			Dividends on preference shares															(14,578)						(14,578)
			Net income available to RenaissanceRe common shareholders																					$	165,884
			Net claims and claim expenses incurred – current accident year			$	652,127					$	796,006					$	—					$	1,448,133
			Net claims and claim expenses incurred – prior accident years			(56,145)						(4,916)						—						(61,061)
			Net claims and claim expenses incurred – total			$	595,982					$	791,090					$	—					$	1,387,072
			Net claims and claim expense ratio – current accident year			55.9		%				67.4		%										61.7		%
			Net claims and claim expense ratio – prior accident years			(4.8)		%				(0.4)		%										(2.6)		%
			Net claims and claim expense ratio – calendar year			51.1		%				67.0		%										59.1		%
			Underwriting expense ratio			25.4		%				31.3		%										28.4		%
			Combined ratio			76.5		%				98.3		%										87.5		%

			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			164,006						346,266						—						510,272
			Acquisition expenses			94,773						138,837						—						233,610
			Operational expenses			31,655						17,422						—						49,077
			Underwriting income			$	200,682					$	16,455					$	—					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 and redeemable noncontrolling interests																					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			(6,608)						(8,798)						—						(15,406)
			Net claims and claim expenses incurred – total			$	164,006					$	346,266					$	—					$	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			308,751						772,475						—						1,081,226
			Acquisition expenses			180,124						264,090						—						444,214
			Operational expenses			75,662						40,876						—						116,538
			Underwriting income (loss)			$	347,914					$	(66,698)					$	—					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 and redeemable noncontrolling interests																					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			7,293						(8,799)						—						(1,506)
			Net claims and claim expenses incurred – total			$	308,751					$	772,475					$	—					$	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			0.8		%				(0.9)		%										(0.1)		%
			Net claims and claim expense ratio – calendar year			33.8		%				76.4		%										56.2		%
			Underwriting expense ratio			28.1		%				30.2		%										29.2		%
			Combined ratio			61.9		%				106.6		%										85.4		%

X

- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

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- References

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