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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Gross premiums written (Note 7) $ 7,833,798 $ 5,806,165 $ 4,807,750
Net premiums written (Note 7) 5,939,375 4,096,333 3,381,493
Increase in unearned premiums (745,194) (143,871) (43,090)
Net premiums earned (Note 7) 5,194,181 3,952,462 3,338,403
Net investment income (Note 5) 319,479 354,038 424,207
Net foreign exchange gains (losses) (41,006) 27,773 (2,938)
Equity in earnings of other ventures (Note 5) 12,309 17,194 23,224
Other income 10,880 213 4,949
Net realized and unrealized gains (losses) on investments (218,134) 820,636 414,109
Total revenues 5,277,709 5,172,316 4,201,954
Expenses      
Net claims and claim expenses incurred (Notes 7 and 8) 3,876,087 2,924,609 2,097,021
Acquisition expenses 1,214,858 897,677 762,232
Operational expenses 212,184 206,687 222,733
Corporate expenses 41,152 96,970 94,122
Interest expense (Note 9) 47,536 50,453 58,364
Total expenses 5,391,817 4,176,396 3,234,472
Income (loss) before taxes (114,108) 995,920 967,482
Income tax benefit (expense) (Note 15) 10,668 (2,862) (17,215)
Net income (loss) (103,440) 993,058 950,267
Net (income) loss attributable to redeemable noncontrolling interests (Note 10) 63,285 (230,653) (201,469)
Net income (loss) attributable to RenaissanceRe (40,155) 762,405 748,798
Dividends on preference shares (Note 12) (33,266) (30,923) (36,756)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ (73,421) $ 731,482 $ 712,042
Net income (loss) available to RenaissanceRe common shareholders per common share – basic (in usd per share) $ (1.57) $ 15.34 $ 16.32
Net income (loss) available to RenaissanceRe common shareholders per common share – diluted (in usd per share) $ (1.57) $ 15.31 $ 16.29