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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Gross premiums written $ 2,400,136 $ 1,618,443 $ 9,816,315 $ 7,060,325
Net premiums written 2,162,504 1,421,260 8,200,588 5,880,766
Decrease (increase) in unearned premiums 420,465 334,616 (632,394) (659,078)
Net premiums earned 2,582,969 1,755,876 7,568,194 5,221,688
Net investment income 423,859 329,108 1,225,479 876,148
Net foreign exchange gains (losses) 16,804 (25,886) (27,694) (53,877)
Equity in earnings (losses) of other ventures 5,718 10,842 32,435 28,072
Other income (loss) 680 (5,866) 799 (6,296)
Net realized and unrealized gains (losses) on investments 943,745 (228,087) 602,507 (171,417)
Total revenues 3,973,775 1,835,987 9,401,720 5,894,318
Expenses        
Net claims and claim expenses incurred 1,373,614 861,576 3,849,239 2,593,987
Acquisition expenses 690,338 425,745 1,965,697 1,280,547
Operational expenses 125,261 82,751 339,484 240,716
Corporate expenses 26,078 17,143 100,489 53,357
Interest expense 23,809 22,951 70,522 49,980
Total expenses 2,239,100 1,410,166 6,325,431 4,218,587
Income (loss) before taxes 1,734,675 425,821 3,076,289 1,675,731
Income tax benefit (expense) (102,012) (9,295) (96,536) (44,139)
Net income (loss) 1,632,663 416,526 2,979,753 1,631,592
Net (income) loss attributable to redeemable noncontrolling interests (450,176) (213,695) (919,734) (655,986)
Net income (loss) attributable to RenaissanceRe 1,182,487 202,831 2,060,019 975,606
Dividends on preference shares (8,843) (8,843) (26,531) (26,531)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 1,173,644 $ 193,988 $ 2,033,488 $ 949,075
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 22.68 $ 3.81 $ 38.95 $ 20.17
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) $ 22.62 $ 3.80 $ 38.84 $ 20.13