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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Gross premiums written $ 2,464,639 $ 2,094,158 $ 5,407,603 $ 4,746,600
Net premiums written 1,863,616 1,512,292 4,028,833 3,336,375
Decrease (increase) in unearned premiums (407,233) (319,502) (1,086,025) (989,749)
Net premiums earned 1,456,383 1,192,790 2,942,808 2,346,626
Net investment income 107,211 80,925 190,902 160,729
Net foreign exchange gains (losses) (50,821) 3,234 (66,307) (19,554)
Equity in earnings (losses) of other ventures 7,383 8,732 993 3,174
Other income (loss) 923 586 2,116 2,757
Net realized and unrealized gains (losses) on investments (654,107) 191,018 (1,327,124) (154,545)
Total revenues 866,972 1,477,285 1,743,388 2,339,187
Expenses        
Net claims and claim expenses incurred 706,239 520,021 1,547,972 1,387,072
Acquisition expenses 361,238 285,590 737,745 552,824
Operational expenses 72,520 58,203 140,427 113,514
Corporate expenses 12,352 10,125 24,854 20,530
Interest expense 11,895 11,833 23,850 23,745
Total expenses 1,164,244 885,772 2,474,848 2,097,685
Income (loss) before taxes (297,272) 591,513 (731,460) 241,502
Income tax benefit (expense) 30,534 (13,862) 67,241 5,654
Net income (loss) (266,738) 577,651 (664,219) 247,156
Net (income) loss attributable to redeemable noncontrolling interests (49,331) (113,544) (37,419) (66,694)
Net income (loss) attributable to RenaissanceRe (316,069) 464,107 (701,638) 180,462
Dividends on preference shares (8,844) (7,289) (17,688) (14,578)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ (324,913) $ 456,818 $ (719,326) $ 165,884
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ (7.53) $ 9.36 $ (16.64) $ 3.36
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) (7.53) 9.35 (16.64) 3.35
Dividends per common share (in dollars per share) $ 0.37 $ 0.36 $ 0.74 $ 0.72