XML 61 R42.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INVESTMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Fair Value of Fixed Maturity Investments Trading | The following table summarizes the fair value of fixed maturity investments trading:
| At December 31. | 2024 |  | 2023 |
| U.S. treasuries | $ | 11,001,893 |  |  | $ | 10,060,203 |  |
| Corporate (1) | 7,862,423 |  |  | 6,499,075 |  |
| Residential mortgage-backed | 1,707,056 |  |  | 1,420,362 |  |
| Asset-backed | 1,422,393 |  |  | 1,491,695 |  |
| Agencies | 623,489 |  |  | 489,117 |  |
| Non-U.S. government | 618,809 |  |  | 483,576 |  |
| Commercial mortgage-backed | 326,451 |  |  | 433,080 |  |
| Total fixed maturity investments trading | $ | 23,562,514 |  |  | $ | 20,877,108 |  |
(1)Corporate fixed maturity investments include non-U.S. government-backed corporate fixed maturity investments. The following table summarizes the fair value of equity investments:
| At December 31. | 2024 |  | 2023 |
| Financials | $ | 116,400 |  |  | $ | 106,542 |  |
| Basic materials | 595 |  |  | — |  |
| Industrial, utilities and energy | 312 |  |  | — |  |
| Communications and technology | 263 |  |  | 12 |  |
| Consumer | 154 |  |  | 212 |  |
| Healthcare | 32 |  |  | — |  |
| Total | $ | 117,756 |  |  | $ | 106,766 |  |
Schedule of Contractual Maturities of Fixed Maturity Investments | Contractual maturities of fixed maturity investments trading are described in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | At December 31, 2024 |  | At December 31, 2023 |
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value |
| Due in less than one year | $ | 1,374,089 |  |  | $ | 1,373,838 |  |  | $ | 587,720 |  |  | $ | 582,519 |  |
| Due after one through five years | 12,139,153 |  |  | 12,131,114 |  |  | 11,439,510 |  |  | 11,468,263 |  |
| Due after five through ten years | 6,339,563 |  |  | 6,246,506 |  |  | 5,182,667 |  |  | 5,188,716 |  |
| Due after ten years | 387,413 |  |  | 355,156 |  |  | 307,392 |  |  | 292,473 |  |
| Mortgage-backed | 2,094,190 |  |  | 2,033,507 |  |  | 1,864,520 |  |  | 1,853,442 |  |
| Asset-backed | 1,416,132 |  |  | 1,422,393 |  |  | 1,490,641 |  |  | 1,491,695 |  |
| Total | $ | 23,750,540 |  |  | $ | 23,562,514 |  |  | $ | 20,872,450 |  |  | $ | 20,877,108 |  |
Schedule of Net Investment Income | The components of net investment income are as follows:
| Year ended December 31, | 2024 |  | 2023 |  | 2022 |
| Fixed maturity investments trading | $ | 1,116,649 |  |  | $ | 744,457 |  |  | $ | 382,165 |  |
| Short term investments | 183,153 |  |  | 213,303 |  |  | 41,042 |  |
| Equity investments | 2,460 |  |  | 7,261 |  |  | 20,864 |  |
| Other investments |  |  |  |  |  |
| Catastrophe bonds | 238,844 |  |  | 200,572 |  |  | 94,784 |  |
| Other | 82,457 |  |  | 87,296 |  |  | 37,497 |  |
| Cash and cash equivalents | 54,241 |  |  | 23,123 |  |  | 5,197 |  |
|  | 1,677,804 |  |  | 1,276,012 |  |  | 581,549 |  |
| Investment expenses | (23,515) |  |  | (22,902) |  |  | (21,617) |  |
| Net investment income | $ | 1,654,289 |  |  | $ | 1,253,110 |  |  | $ | 559,932 |  |
Schedule of Net Realized and Unrealized Gains (Losses) On Investments and Net Other-Than-Temporary Impairments | Net realized and unrealized gains (losses) on investments are as follows:
| Year ended December 31, | 2024 |  | 2023 |  | 2022 |
| Gross realized gains on fixed maturity investments trading | $ | 142,243 |  |  | $ | 80,905 |  |  | $ | 38,781 |  |
| Gross realized losses on fixed maturity investments trading | (206,172) |  |  | (473,946) |  |  | (771,342) |  |
| Net realized gains (losses) on fixed maturity investments trading | (63,929) |  |  | (393,041) |  |  | (732,561) |  |
| Net unrealized gains (losses) on fixed maturity investments trading | (182,494) |  |  | 685,095 |  |  | (636,762) |  |
| Net realized and unrealized gains (losses) on fixed maturity investments trading | (246,423) |  |  | 292,054 |  |  | (1,369,323) |  |
| Net realized and unrealized gains (losses) on investment-related derivatives (1) | (57,279) |  |  | (68,272) |  |  | (165,293) |  |
| Net realized gains (losses) on equity investments | 355 |  |  | (27,492) |  |  | 43,035 |  |
| Net unrealized gains (losses) on equity investments | 10,621 |  |  | 73,243 |  |  | (166,823) |  |
| Net realized and unrealized gains (losses) on equity investments | 10,976 |  |  | 45,751 |  |  | (123,788) |  |
| Net realized and unrealized gains (losses) on other investments - catastrophe bonds | 62,353 |  |  | 101,897 |  |  | (130,335) |  |
| Net realized and unrealized gains (losses) on other investments - other | 202,533 |  |  | 43,092 |  |  | (11,746) |  |
| Net realized and unrealized gains (losses) on investments | $ | (27,840) |  |  | $ | 414,522 |  |  | $ | (1,800,485) |  |
(1)Net realized and unrealized gains (losses) on investment-related derivatives includes fixed maturity investments related derivatives, equity investments related derivatives and commodity related derivatives. See “Note 19. Derivative Instruments” for additional information.
Schedule of Other Investments | The table below shows the fair value of the Company’s portfolio of other investments:
| At December 31, | 2024 |  | 2023 |
| Fund investments | $ | 2,128,499 |  |  | $ | 1,415,804 |  |
| Catastrophe bonds | 1,984,396 |  |  | 1,942,199 |  |
| Direct private equity investments | 211,866 |  |  | 59,905 |  |
| Term loans | — |  |  | 97,658 |  |
| Total other investments | $ | 4,324,761 |  |  | $ | 3,515,566 |  |
Schedule of Equity Method Investments | The table below shows the Company’s portfolio of investments in other ventures, under equity method:
|  |  |  | 2024 |  |  |  | 2023 |
| At December 31, |  |  | Ownership % |  | Carrying Value |  |  |  | Ownership % |  | Carrying Value |
| Investments in other ventures, under equity method |  |  | 0.1% - 50.0% |  | $ | 102,770 |  |  |  |  | 0.1% - 50.0% |  | $ | 112,624 |  |
Schedule of Equity In Earnings of Equity Method Investments | The table below shows the Company’s equity in earnings (losses) of other ventures:
| Year ended December 31, | 2024 |  | 2023 |  | 2022 |
| Equity in earnings (losses) of other ventures | $ | 47,087 |  |  | $ | 43,474 |  |  | $ | 11,249 |  |

X
- Definition Tabular disclosure of the equity in earnings (losses) of other ventures, under equity method. + References No definition available. + Details
Name: | rnr_ScheduleOfEquityInEarningsLossesOfEquityMethodInvestmentsTableTextBlock
Namespace Prefix: | rnr_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative and qualitative information related to securities and other investments not readily marketable, including, but not limited to, thinly traded securities or investments, restricted securities and securities in nonpublic entities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 820 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478119/940-820-50-1 + Details
Name: | us-gaap_SecuritiesOwnedAndOtherInvestmentsNotReadilyMarketableDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration