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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Gross premiums written $ 2,942,964 $ 2,652,442
Net premiums written 2,165,217 1,824,083
Decrease (increase) in unearned premiums (678,792) (670,247)
Net premiums earned 1,486,425 1,153,836
Net investment income 83,691 79,804
Net foreign exchange gains (losses) (15,486) (22,788)
Equity in earnings (losses) of other ventures (6,390) (5,558)
Other income (loss) 1,193 2,171
Net realized and unrealized gains (losses) on investments (673,017) (345,563)
Total revenues 876,416 861,902
Expenses    
Net claims and claim expenses incurred 841,733 867,051
Acquisition expenses 376,507 267,234
Operational expenses 67,907 55,311
Corporate expenses 12,502 10,405
Interest expense 11,955 11,912
Total expenses 1,310,604 1,211,913
Income (loss) before taxes (434,188) (350,011)
Income tax benefit (expense) 36,707 19,516
Net income (loss) (397,481) (330,495)
Net (income) loss attributable to redeemable noncontrolling interests 11,912 46,850
Net income (loss) attributable to RenaissanceRe (385,569) (283,645)
Dividends on preference shares (8,844) (7,289)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ (394,413) $ (290,934)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ (9.10) $ (5.87)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) (9.10) (5.87)
Dividends per common share (in dollars per share) $ 0.37 $ 0.36