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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Gross premiums written $ 3,425,495 $ 2,651,621 $ 7,416,179 $ 5,441,882
Net premiums written 2,838,511 2,195,803 6,038,084 4,459,506
Decrease (increase) in unearned premiums (297,196) (410,541) (1,052,859) (993,694)
Net premiums earned 2,541,315 1,785,262 4,985,225 3,465,812
Net investment income 410,845 292,662 801,620 547,040
Net foreign exchange gains (losses) (8,815) (13,488) (44,498) (27,991)
Equity in earnings (losses) of other ventures 12,590 7,700 26,717 17,230
Other income (loss) 169 3,876 119 (430)
Net realized and unrealized gains (losses) on investments (127,584) (222,781) (341,238) 56,670
Total revenues 2,828,520 1,853,231 5,427,945 4,058,331
Expenses        
Net claims and claim expenses incurred 1,309,502 931,211 2,475,625 1,732,411
Acquisition expenses 644,438 422,545 1,275,359 854,802
Operational expenses 108,039 80,491 214,223 157,965
Corporate expenses 35,159 23,371 74,411 36,214
Interest expense 23,609 14,895 46,713 27,029
Total expenses 2,120,747 1,472,513 4,086,331 2,808,421
Income (loss) before taxes 707,773 380,718 1,341,614 1,249,910
Income tax benefit (expense) 20,848 (5,942) 5,476 (34,844)
Net income (loss) 728,621 374,776 1,347,090 1,215,066
Net (income) loss attributable to redeemable noncontrolling interests (224,731) (174,907) (469,558) (442,291)
Net income (loss) attributable to RenaissanceRe 503,890 199,869 877,532 772,775
Dividends on preference shares (8,844) (8,844) (17,688) (17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 495,046 $ 191,025 $ 859,844 $ 755,087
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 9.44 $ 4.10 $ 16.39 $ 16.75
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) $ 9.41 $ 4.09 $ 16.35 $ 16.71