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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Gross premiums written $ 1,774,180 $ 1,143,058 $ 6,520,780 $ 4,870,651
Net premiums written 1,486,440 899,411 4,822,815 3,350,022
Decrease (increase) in unearned premiums 19,825 100,772 (969,924) (426,645)
Net premiums earned 1,506,265 1,000,183 3,852,891 2,923,377
Net investment income 78,267 83,543 238,996 272,321
Net foreign exchange (losses) gains (4,755) 17,426 (24,309) 4,503
Equity in earnings of other ventures 5,305 5,457 8,479 19,062
Other income (loss) 1,692 1,476 4,449 (4,161)
Net realized and unrealized (losses) gains on investments (42,071) 224,208 (196,616) 561,891
Total revenues 1,544,703 1,332,293 3,883,890 3,776,993
Expenses        
Net claims and claim expenses incurred 1,798,045 942,030 3,185,117 2,023,256
Acquisition expenses 328,048 215,180 880,872 659,394
Operational expenses 58,997 49,045 172,511 165,583
Corporate expenses 10,196 48,050 30,726 75,939
Interest expense 11,919 11,843 35,664 38,612
Total expenses 2,207,205 1,266,148 4,304,890 2,962,784
(Loss) income before taxes (662,502) 66,145 (421,000) 814,209
Income tax benefit (expense) 23,630 8,244 29,284 (12,785)
Net (loss) income (638,872) 74,389 (391,716) 801,424
Net loss (income) attributable to redeemable noncontrolling interests 198,495 (19,301) 131,801 (236,120)
Net (loss) income attributable to RenaissanceRe (440,377) 55,088 (259,915) 565,304
Dividends on preference shares (9,845) (7,289) (24,423) (23,634)
Net (loss) income (attributable) available to RenaissanceRe common shareholders $ (450,222) $ 47,799 $ (284,338) $ 541,670
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – basic Section Page Break (in dollars per share) $ (9.75) $ 0.94 $ (5.94) $ 11.60
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) (9.75) 0.94 (5.94) 11.58
Dividends per common share (in dollars per share) $ 0.36 $ 0.35 $ 1.08 $ 1.05