XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Investments [Abstract] |
Schedule of Fair Value of Fixed Maturity Investments Trading | The following table summarizes the fair value of fixed maturity investments trading:
| At December 31. | 2021 |  | 2020 |
| U.S. treasuries | $ | 6,247,779 |  |  | $ | 4,960,409 |  |
| Agencies | 361,684 |  |  | 368,032 |  |
| Non-U.S. government | 549,613 |  |  | 491,531 |  |
| Non-U.S. government-backed corporate | 474,848 |  |  | 338,014 |  |
| Corporate | 3,214,438 |  |  | 4,261,025 |  |
| Agency mortgage-backed | 721,955 |  |  | 1,113,792 |  |
| Non-agency mortgage-backed | 233,346 |  |  | 291,444 |  |
| Commercial mortgage-backed | 634,925 |  |  | 791,272 |  |
| Asset-backed | 1,068,543 |  |  | 890,984 |  |
| Total fixed maturity investments trading | $ | 13,507,131 |  |  | $ | 13,506,503 |  |
The following table summarizes the fair value of equity investments trading:
| At December 31. | 2021 |  | 2020 |
| Financials | $ | 146,615 |  |  | $ | 452,765 |  |
| Communications and technology | 82,444 |  |  | 119,592 |  |
| Consumer | 51,083 |  |  | 44,477 |  |
| Industrial, utilities and energy | 26,645 |  |  | 43,380 |  |
| Healthcare | 28,796 |  |  | 35,140 |  |
| Basic materials | 5,092 |  |  | 7,263 |  |
| Equity exchange traded funds | 114,919 |  |  | — |  |
| Fixed income exchange traded funds | 90,422 |  |  | — |  |
| Total | $ | 546,016 |  |  | $ | 702,617 |  |
Schedule of Contractual Maturities of Fixed Maturity Investments | Contractual maturities of fixed maturity investments trading are described in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
| At December 31, 2021 | Amortized Cost |  | Fair Value |  |  |  |  |  |  |  |  |
| Due in less than one year | $ | 363,795 |  |  | $ | 365,418 |  |  |  |  |  |  |  |  |  |
| Due after one through five years | 6,317,351 |  |  | 6,297,063 |  |  |  |  |  |  |  |  |  |
| Due after five through ten years | 3,911,221 |  |  | 3,877,715 |  |  |  |  |  |  |  |  |  |
| Due after ten years | 306,123 |  |  | 308,166 |  |  |  |  |  |  |  |  |  |
| Mortgage-backed | 1,584,871 |  |  | 1,590,226 |  |  |  |  |  |  |  |  |  |
| Asset-backed | 1,069,218 |  |  | 1,068,543 |  |  |  |  |  |  |  |  |  |
| Total | $ | 13,552,579 |  |  | $ | 13,507,131 |  |  |  |  |  |  |  |  |  |
Schedule of Net Investment Income | The components of net investment income are as follows:
| Year ended December 31, | 2021 |  | 2020 |  | 2019 |
| Fixed maturity investments | $ | 234,911 |  |  | $ | 278,215 |  |  | $ | 318,503 |  |
| Short term investments | 2,333 |  |  | 20,799 |  |  | 56,264 |  |
| Equity investments | 9,017 |  |  | 6,404 |  |  | 4,808 |  |
| Other investments |  |  |  |  |  |
| Catastrophe bonds | 64,860 |  |  | 54,784 |  |  | 46,154 |  |
| Other | 28,811 |  |  | 9,417 |  |  | 8,447 |  |
| Cash and cash equivalents | 297 |  |  | 2,974 |  |  | 7,676 |  |
|  | 340,229 |  |  | 372,593 |  |  | 441,852 |  |
| Investment expenses | (20,750) |  |  | (18,555) |  |  | (17,645) |  |
| Net investment income | $ | 319,479 |  |  | $ | 354,038 |  |  | $ | 424,207 |  |
Schedule of Net Realized and Unrealized Gains (Losses) On Investments and Net Other-Than-Temporary Impairments | Net realized and unrealized gains (losses) on investments are as follows:
| Year ended December 31, | 2021 |  | 2020 |  | 2019 |
| Net realized gains (losses) on fixed maturity investments | $ | 79,588 |  |  | $ | 276,901 |  |  | $ | 90,260 |  |
| Net unrealized gains (losses) on fixed maturity investments trading | (389,376) |  |  | 216,859 |  |  | 170,183 |  |
| Net realized and unrealized gains (loss) on fixed maturity investments trading | (309,788) |  |  | 493,760 |  |  | 260,443 |  |
| Net realized and unrealized gains (losses) on investments-related derivatives (1) | (12,237) |  |  | 68,608 |  |  | 58,891 |  |
| Net realized gains (losses) on equity investments trading sold during the period | 335,491 |  |  | 3,532 |  |  | 31,062 |  |
| Net unrealized gains (losses) on equity investments trading still held at reporting date | (285,882) |  |  | 262,064 |  |  | 64,087 |  |
| Net realized and unrealized gains (losses) on equity investments trading | 49,609 |  |  | 265,596 |  |  | 95,149 |  |
| Net realized and unrealized gains (losses) on other investments - catastrophe bonds | (35,033) |  |  | (7,031) |  |  | (9,392) |  |
| Net realized and unrealized gains (losses) on other investments - other | 89,315 |  |  | (297) |  |  | 9,018 |  |
| Net realized and unrealized gains (losses) on investments | $ | (218,134) |  |  | $ | 820,636 |  |  | $ | 414,109 |  |
(1)Net realized and unrealized gains (losses) on investment-related derivatives includes fixed maturity investments related derivatives (interest rate futures, interest rate swaps, credit default swaps and total return swaps), and equity investments related derivatives (equity futures). See “Note 19. Derivative Instruments” for additional information.
Schedule of Other Investments | The table below shows the fair value of the Company’s portfolio of other investments:
| At December 31, | 2021 |  | 2020 |
| Catastrophe bonds | $ | 1,104,034 |  |  | $ | 881,290 |  |
| Direct private equity investments | 88,373 |  |  | 79,807 |  |
| Fund investments | 725,802 |  |  | 295,851 |  |
| Term loans | 74,850 |  |  | — |  |
| Total other investments | $ | 1,993,059 |  |  | $ | 1,256,948 |  |
Schedule of Equity Method Investments | The table below shows the Company’s portfolio of investments in other ventures, under equity method:
|  |  |  | 2021 |  |  |  | 2020 |
| At December 31, |  |  | Ownership % |  | Carrying Value |  |  |  | Ownership % |  | Carrying Value |
| Tower Hill Companies (1) |  |  | 2.0% - 25.0% |  | 25,575 |  |  |  |  | 2.0% - 25.0% |  | 30,470 |  |
| Top Layer Re |  |  | 50.0% |  | 25,903 |  |  |  |  | 50.0% |  | 26,958 |  |
| Other |  |  | 22.4% |  | 46,590 |  |  |  |  | 25.0% |  | 40,945 |  |
| Total investments in other ventures, under equity method |  |  |  |  | $ | 98,068 |  |  |  |  |  |  | $ | 98,373 |  |
(1) The Company has equity interests in Bluegrass Insurance Management, LLC, Tower Hill Claims Service, LLC, Tower Hill Holdings, Inc., Tower Hill Insurance Group, LLC, Tower Hill Insurance Managers, LLC, Tower Hill Re Holdings, Inc., Tower Hill Signature Insurance Holdings, Inc., Tower Hill Risk Management LLC and Tomoka Re Holdings, Inc. (collectively, the “Tower Hill Companies”).
Schedule of Equity In Earnings of Equity Method Investments | The table below shows the Company’s equity in earnings of other ventures, under equity method:
| Year ended December 31, | 2021 |  | 2020 |  | 2019 |
| Top Layer Re | $ | 8,286 |  |  | $ | 9,595 |  |  | $ | 8,801 |  |
| Tower Hill Companies | (2,073) |  |  | 3,104 |  |  | 10,337 |  |
| Other | 6,096 |  |  | 4,495 |  |  | 4,086 |  |
| Total equity in earnings of other ventures, under equity method | $ | 12,309 |  |  | $ | 17,194 |  |  | $ | 23,224 |  |

X
- Definition Tabular disclosure of the equity in earnings (losses) of other ventures, under equity method. + References No definition available. + Details
Name: | rnr_ScheduleOfEquityInEarningsLossesOfEquityMethodInvestmentsTableTextBlock
Namespace Prefix: | rnr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative and qualitative information related to securities and other investments not readily marketable, including, but not limited to, thinly traded securities or investments, restricted securities and securities in nonpublic entities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 820 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35710923&loc=d3e45360-110995 + Details
Name: | us-gaap_SecuritiesOwnedAndOtherInvestmentsNotReadilyMarketableDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration