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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	1,218,321					$	1,246,318					$	—					$	2,464,639
			Net premiums written			$	887,975					$	975,641					$	—					$	1,863,616
			Net premiums earned			$	623,581					$	832,802					$	—					$	1,456,383
			Net claims and claim expenses incurred			171,924						534,315						—						706,239
			Acquisition expenses			137,567						223,671						—						361,238
			Operational expenses			49,627						22,893						—						72,520
			Underwriting income (loss)			$	264,463					$	51,923					$	—					316,386
			Net investment income															107,211						107,211
			Net foreign exchange gains (losses)															(50,821)						(50,821)
			Equity in earnings of other ventures															7,383						7,383
			Other income (loss)															923						923
			Net realized and unrealized gains (losses) on investments															(654,107)						(654,107)
			Corporate expenses															(12,352)						(12,352)
			Interest expense															(11,895)						(11,895)
			Income (loss) before taxes and redeemable noncontrolling interests																					(297,272)
			Income tax benefit (expense)															30,534						30,534
			Net (income) loss attributable to redeemable noncontrolling interests															(49,331)						(49,331)
			Dividends on preference shares															(8,844)						(8,844)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(324,913)
			Net claims and claim expenses incurred – current accident year			$	206,976					$	542,220					$	—					$	749,196
			Net claims and claim expenses incurred – prior accident years			(35,052)						(7,905)						—						(42,957)
			Net claims and claim expenses incurred – total			$	171,924					$	534,315					$	—					$	706,239
			Net claims and claim expense ratio – current accident year			33.2		%				65.1		%										51.4		%
			Net claims and claim expense ratio – prior accident years			(5.6)		%				(0.9)		%										(2.9)		%
			Net claims and claim expense ratio – calendar year			27.6		%				64.2		%										48.5		%
			Underwriting expense ratio			30.0		%				29.6		%										29.8		%
			Combined ratio			57.6		%				93.8		%										78.3		%

			Six months ended June 30, 2022			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	2,561,829					$	2,845,774					$	—					$	5,407,603
			Net premiums written			$	1,778,141					$	2,250,692					$	—					$	4,028,833
			Net premiums earned			$	1,242,172					$	1,700,636					$	—					$	2,942,808
			Net claims and claim expenses incurred			431,685						1,116,287						—						1,547,972
			Acquisition expenses			264,663						473,082						—						737,745
			Operational expenses			96,559						43,868						—						140,427
			Underwriting income (loss)			$	449,265					$	67,399					$	—					516,664
			Net investment income															190,902						190,902
			Net foreign exchange gain (loss)															(66,307)						(66,307)
			Equity in earnings of other ventures															993						993
			Other income (loss)															2,116						2,116
			Net realized and unrealized gain (loss) on investments															(1,327,124)						(1,327,124)
			Corporate expenses															(24,854)						(24,854)
			Interest expense															(23,850)						(23,850)
			Income (loss) before taxes and redeemable noncontrolling interests																					(731,460)
			Income tax benefit (expense)															67,241						67,241
			Net (income) loss attributable to redeemable noncontrolling interests															(37,419)						(37,419)
			Dividends on preference shares															(17,688)						(17,688)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(719,326)
			Net claims and claim expenses incurred – current accident year			$	483,495					$	1,125,267					$	—					$	1,608,762
			Net claims and claim expenses incurred – prior accident years			(51,810)						(8,980)						—						(60,790)
			Net claims and claim expenses incurred – total			$	431,685					$	1,116,287					$	—					$	1,547,972
			Net claims and claim expense ratio – current accident year			38.9		%				66.2		%										54.7		%
			Net claims and claim expense ratio – prior accident years			(4.1)		%				(0.6)		%										(2.1)		%
			Net claims and claim expense ratio – calendar year			34.8		%				65.6		%										52.6		%
			Underwriting expense ratio			29.0		%				30.4		%										29.8		%
			Combined ratio			63.8		%				96.0		%										82.4		%

			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 (loss)			$	315,122					$	13,854					$	—					328,976
			Net investment income															80,925						80,925
			Net foreign exchange gains (losses)															3,234						3,234
			Equity in earnings of other ventures															8,732						8,732
			Other income (loss)															586						586
			Net realized and unrealized gains (losses) on investments															191,018						191,018
			Corporate expenses															(10,125)						(10,125)
			Interest expense															(11,833)						(11,833)
			Income (loss) before taxes and redeemable noncontrolling interests																					591,513
			Income tax benefit (expense)															(13,862)						(13,862)
			Net (income) loss attributable to redeemable noncontrolling interests															(113,544)						(113,544)
			Dividends on preference shares															(7,289)						(7,289)
			Net income (loss) available (attributable) 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 (loss)			$	273,327					$	19,889					$	—					293,216
			Net investment income															160,729						160,729
			Net foreign exchange gain (loss)															(19,554)						(19,554)
			Equity in earnings of other ventures															3,174						3,174
			Other income (loss)															2,757						2,757
			Net realized and unrealized gain (loss) on investments															(154,545)						(154,545)
			Corporate expenses															(20,530)						(20,530)
			Interest expense															(23,745)						(23,745)
			Income (loss) before taxes and redeemable noncontrolling interests																					241,502
			Income tax benefit (expense)															5,654						5,654
			Net (income) loss attributable to redeemable noncontrolling interests															(66,694)						(66,694)
			Dividends on preference shares															(14,578)						(14,578)
			Net income (loss) available (attributable) 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		%

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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