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