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SEGMENT REPORTING - Schedule of Significant Components of the Company's Revenues and Expenses (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Segment Reporting Information [Line Items]        
Gross premiums written $ 2,220,661 $ 1,774,180 $ 7,628,264 $ 6,520,780
Net premiums written 1,821,711 1,486,440 5,850,544 4,822,815
Net premiums earned 1,767,021 1,506,265 4,709,829 3,852,891
Net claims and claim expenses incurred 1,967,931 1,798,045 3,515,903 3,185,117
Acquisition expenses 417,644 328,048 1,155,389 880,872
Operational expenses 64,560 58,997 204,987 172,511
Underwriting income (loss) (683,114) (678,825) (166,450) (385,609)
Net investment income 157,793 78,267 348,695 238,996
Net foreign exchange gain (loss) (1,383) (4,755) (67,690) (24,309)
Equity in earnings (losses) of other ventures 1,739 5,305 2,732 8,479
Other income (loss) 2,834 1,692 4,950 4,449
Net realized and unrealized gains (losses) on investments (641,500) (42,071) (1,968,624) (196,616)
Corporate expenses (10,384) (10,196) (35,238) (30,726)
Interest expense (12,101) (11,919) (35,951) (35,664)
Income (loss) before taxes (1,186,116) (662,502) (1,917,576) (421,000)
Income tax benefit (expense) (2,814) 23,630 64,427 29,284
Net (income) loss attributable to redeemable noncontrolling interests 372,429 198,495 335,010 131,801
Dividends on preference shares (8,843) (9,845) (26,531) (24,423)
Net income (loss) available (attributable) to RenaissanceRe common shareholders (825,344) (450,222) (1,544,670) (284,338)
Net claims and claim expenses incurred – current accident year 1,999,837 1,945,695 3,608,599 3,393,828
Net claims and claim expenses incurred – prior accident years (31,906) (147,650) (92,696) (208,711)
Total net incurred $ 1,967,931 $ 1,798,045 $ 3,515,903 $ 3,185,117
Net claims and claim expense ratio – current accident year 113.20% 129.20% 76.60% 88.10%
Net claims and claim expense ratio – prior accident years (1.80%) (9.80%) (1.90%) (5.40%)
Net claims and claim expense ratio – calendar year 111.40% 119.40% 74.70% 82.70%
Underwriting expense ratio 27.30% 25.70% 28.90% 27.30%
Combined ratio 138.70% 145.10% 103.60% 110.00%
Other        
Segment Reporting Information [Line Items]        
Gross premiums written $ 0 $ 0 $ 0 $ 0
Net premiums written 0 0 0 0
Net premiums earned 0 0 0 0
Net claims and claim expenses incurred 0 0 0 0
Acquisition expenses 0 0 0 0
Operational expenses 0 0 0 0
Underwriting income (loss) 0 0 0 0
Net investment income 157,793 78,267 348,695 238,996
Net foreign exchange gain (loss) (1,383) (4,755) (67,690) (24,309)
Equity in earnings (losses) of other ventures 1,739 5,305 2,732 8,479
Other income (loss) 2,834 1,692 4,950 4,449
Net realized and unrealized gains (losses) on investments (641,500) (42,071) (1,968,624) (196,616)
Corporate expenses (10,384) (10,196) (35,238) (30,726)
Interest expense (12,101) (11,919) (35,951) (35,664)
Income tax benefit (expense) (2,814) 23,630 64,427 29,284
Net (income) loss attributable to redeemable noncontrolling interests 372,429 198,495 335,010 131,801
Dividends on preference shares (8,843) (9,845) (26,531) (24,423)
Net claims and claim expenses incurred – current accident year 0 0 0 0
Net claims and claim expenses incurred – prior accident years 0 0 0 0
Total net incurred 0 0 0 0
Property        
Segment Reporting Information [Line Items]        
Net claims and claim expenses incurred – prior accident years     (76,069) (202,080)
Property | Operating Segments        
Segment Reporting Information [Line Items]        
Gross premiums written 800,330 773,692 3,362,159 3,574,067
Net premiums written 696,520 681,095 2,474,661 2,492,890
Net premiums earned 839,817 816,376 2,081,989 1,981,939
Net claims and claim expenses incurred 1,372,583 1,323,678 1,804,268 1,919,660
Acquisition expenses 141,675 134,179 406,338 356,171
Operational expenses 48,158 40,448 144,717 114,710
Underwriting income (loss) (722,599) (681,929) (273,334) (408,602)
Net claims and claim expenses incurred – current accident year 1,396,842 1,469,613 1,880,337 2,121,740
Net claims and claim expenses incurred – prior accident years (24,259) (145,935) (76,069) (202,080)
Total net incurred $ 1,372,583 $ 1,323,678 $ 1,804,268 $ 1,919,660
Net claims and claim expense ratio – current accident year 166.30% 180.00% 90.30% 107.10%
Net claims and claim expense ratio – prior accident years (2.90%) (17.90%) (3.60%) (10.20%)
Net claims and claim expense ratio – calendar year 163.40% 162.10% 86.70% 96.90%
Underwriting expense ratio 22.60% 21.40% 26.40% 23.70%
Combined ratio 186.00% 183.50% 113.10% 120.60%
Casualty and Specialty        
Segment Reporting Information [Line Items]        
Net claims and claim expenses incurred – prior accident years     $ (16,627) $ (6,631)
Casualty and Specialty | Operating Segments        
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,420,331 $ 1,000,488 4,266,105 2,946,713
Net premiums written 1,125,191 805,345 3,375,883 2,329,925
Net premiums earned 927,204 689,889 2,627,840 1,870,952
Net claims and claim expenses incurred 595,348 474,367 1,711,635 1,265,457
Acquisition expenses 275,969 193,869 749,051 524,701
Operational expenses 16,402 18,549 60,270 57,801
Underwriting income (loss) 39,485 3,104 106,884 22,993
Net claims and claim expenses incurred – current accident year 602,995 476,082 1,728,262 1,272,088
Net claims and claim expenses incurred – prior accident years (7,647) (1,715) (16,627) (6,631)
Total net incurred $ 595,348 $ 474,367 $ 1,711,635 $ 1,265,457
Net claims and claim expense ratio – current accident year 65.00% 69.00% 65.80% 68.00%
Net claims and claim expense ratio – prior accident years (0.80%) (0.20%) (0.70%) (0.40%)
Net claims and claim expense ratio – calendar year 64.20% 68.80% 65.10% 67.60%
Underwriting expense ratio 31.50% 30.80% 30.80% 31.20%
Combined ratio 95.70% 99.60% 95.90% 98.80%