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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 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 September 30, 2022			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	800,330					$	1,420,331					$	—					$	2,220,661
			Net premiums written			$	696,520					$	1,125,191					$	—					$	1,821,711
			Net premiums earned			$	839,817					$	927,204					$	—					$	1,767,021
			Net claims and claim expenses incurred			1,372,583						595,348						—						1,967,931
			Acquisition expenses			141,675						275,969						—						417,644
			Operational expenses			48,158						16,402						—						64,560
			Underwriting income (loss)			$	(722,599)					$	39,485					$	—					(683,114)
			Net investment income															157,793						157,793
			Net foreign exchange gains (losses)															(1,383)						(1,383)
			Equity in earnings of other ventures															1,739						1,739
			Other income (loss)															2,834						2,834
			Net realized and unrealized gains (losses) on investments															(641,500)						(641,500)
			Corporate expenses															(10,384)						(10,384)
			Interest expense															(12,101)						(12,101)
			Income (loss) before taxes and redeemable noncontrolling interests																					(1,186,116)
			Income tax benefit (expense)															(2,814)						(2,814)
			Net (income) loss attributable to redeemable noncontrolling interests															372,429						372,429
			Dividends on preference shares															(8,843)						(8,843)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(825,344)
			Net claims and claim expenses incurred – current accident year			$	1,396,842					$	602,995					$	—					$	1,999,837
			Net claims and claim expenses incurred – prior accident years			(24,259)						(7,647)						—						(31,906)
			Net claims and claim expenses incurred – total			$	1,372,583					$	595,348					$	—					$	1,967,931
			Net claims and claim expense ratio – current accident year			166.3		%				65.0		%										113.2		%
			Net claims and claim expense ratio – prior accident years			(2.9)		%				(0.8)		%										(1.8)		%
			Net claims and claim expense ratio – calendar year			163.4		%				64.2		%										111.4		%
			Underwriting expense ratio			22.6		%				31.5		%										27.3		%
			Combined ratio			186.0		%				95.7		%										138.7		%

			Nine months ended September 30, 2022			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	3,362,159					$	4,266,105					$	—					$	7,628,264
			Net premiums written			$	2,474,661					$	3,375,883					$	—					$	5,850,544
			Net premiums earned			$	2,081,989					$	2,627,840					$	—					$	4,709,829
			Net claims and claim expenses incurred			1,804,268						1,711,635						—						3,515,903
			Acquisition expenses			406,338						749,051						—						1,155,389
			Operational expenses			144,717						60,270						—						204,987
			Underwriting income (loss)			$	(273,334)					$	106,884					$	—					(166,450)
			Net investment income															348,695						348,695
			Net foreign exchange gain (loss)															(67,690)						(67,690)
			Equity in earnings of other ventures															2,732						2,732
			Other income (loss)															4,950						4,950
			Net realized and unrealized gain (loss) on investments															(1,968,624)						(1,968,624)
			Corporate expenses															(35,238)						(35,238)
			Interest expense															(35,951)						(35,951)
			Income (loss) before taxes and redeemable noncontrolling interests																					(1,917,576)
			Income tax benefit (expense)															64,427						64,427
			Net (income) loss attributable to redeemable noncontrolling interests															335,010						335,010
			Dividends on preference shares															(26,531)						(26,531)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(1,544,670)
			Net claims and claim expenses incurred – current accident year			$	1,880,337					$	1,728,262					$	—					$	3,608,599
			Net claims and claim expenses incurred – prior accident years			(76,069)						(16,627)						—						(92,696)
			Net claims and claim expenses incurred – total			$	1,804,268					$	1,711,635					$	—					$	3,515,903
			Net claims and claim expense ratio – current accident year			90.3		%				65.8		%										76.6		%
			Net claims and claim expense ratio – prior accident years			(3.6)		%				(0.7)		%										(1.9)		%
			Net claims and claim expense ratio – calendar year			86.7		%				65.1		%										74.7		%
			Underwriting expense ratio			26.4		%				30.8		%										28.9		%
			Combined ratio			113.1		%				95.9		%										103.6		%

			Three months ended September 30, 2021			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	773,692					$	1,000,488					$	—					$	1,774,180
			Net premiums written			$	681,095					$	805,345					$	—					$	1,486,440
			Net premiums earned			$	816,376					$	689,889					$	—					$	1,506,265
			Net claims and claim expenses incurred			1,323,678						474,367						—						1,798,045
			Acquisition expenses			134,179						193,869						—						328,048
			Operational expenses			40,448						18,549						—						58,997
			Underwriting income (loss)			$	(681,929)					$	3,104					$	—					(678,825)
			Net investment income															78,267						78,267
			Net foreign exchange gains (losses)															(4,755)						(4,755)
			Equity in earnings of other ventures															5,305						5,305
			Other income (loss)															1,692						1,692
			Net realized and unrealized gains (losses) on investments															(42,071)						(42,071)
			Corporate expenses															(10,196)						(10,196)
			Interest expense															(11,919)						(11,919)
			Income (loss) before taxes and redeemable noncontrolling interests																					(662,502)
			Income tax benefit (expense)															23,630						23,630
			Net (income) loss attributable to redeemable noncontrolling interests															198,495						198,495
			Dividends on preference shares															(9,845)						(9,845)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(450,222)
			Net claims and claim expenses incurred – current accident year			$	1,469,613					$	476,082					$	—					$	1,945,695
			Net claims and claim expenses incurred – prior accident years			(145,935)						(1,715)						—						(147,650)
			Net claims and claim expenses incurred – total			$	1,323,678					$	474,367					$	—					$	1,798,045
			Net claims and claim expense ratio – current accident year			180.0		%				69.0		%										129.2		%
			Net claims and claim expense ratio – prior accident years			(17.9)		%				(0.2)		%										(9.8)		%
			Net claims and claim expense ratio – calendar year			162.1		%				68.8		%										119.4		%
			Underwriting expense ratio			21.4		%				30.8		%										25.7		%
			Combined ratio			183.5		%				99.6		%										145.1		%

			Nine months ended September 30, 2021			Property						Casualty and Specialty						Other						Total
			Gross premiums written			$	3,574,067					$	2,946,713					$	—					$	6,520,780
			Net premiums written			$	2,492,890					$	2,329,925					$	—					$	4,822,815
			Net premiums earned			$	1,981,939					$	1,870,952					$	—					$	3,852,891
			Net claims and claim expenses incurred			1,919,660						1,265,457						—						3,185,117
			Acquisition expenses			356,171						524,701						—						880,872
			Operational expenses			114,710						57,801						—						172,511
			Underwriting income (loss)			$	(408,602)					$	22,993					$	—					(385,609)
			Net investment income															238,996						238,996
			Net foreign exchange gain (loss)															(24,309)						(24,309)
			Equity in earnings of other ventures															8,479						8,479
			Other income (loss)															4,449						4,449
			Net realized and unrealized gain (loss) on investments															(196,616)						(196,616)
			Corporate expenses															(30,726)						(30,726)
			Interest expense															(35,664)						(35,664)
			Income (loss) before taxes and redeemable noncontrolling interests																					(421,000)
			Income tax benefit (expense)															29,284						29,284
			Net (income) loss attributable to redeemable noncontrolling interests															131,801						131,801
			Dividends on preference shares															(24,423)						(24,423)
			Net income (loss) available (attributable) to RenaissanceRe common shareholders																					$	(284,338)
			Net claims and claim expenses incurred – current accident year			$	2,121,740					$	1,272,088					$	—					$	3,393,828
			Net claims and claim expenses incurred – prior accident years			(202,080)						(6,631)						—						(208,711)
			Net claims and claim expenses incurred – total			$	1,919,660					$	1,265,457					$	—					$	3,185,117
			Net claims and claim expense ratio – current accident year			107.1		%				68.0		%										88.1		%
			Net claims and claim expense ratio – prior accident years			(10.2)		%				(0.4)		%										(5.4)		%
			Net claims and claim expense ratio – calendar year			96.9		%				67.6		%										82.7		%
			Underwriting expense ratio			23.7		%				31.2		%										27.3		%
			Combined ratio			120.6		%				98.8		%										110.0		%

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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

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