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DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:

						December 31, 2024												December 31, 2023
						Fair Value						Carrying Value						Fair Value						Carrying Value
			5.750% Senior Notes due 2033			$	755,693					$	742,068					$	758,783					$	741,124
			3.600% Senior Notes due 2029			376,816						396,051						371,276						395,137
			3.450% Senior Notes due 2027			290,070						298,765						283,350						298,270
			3.700% Senior Notes due 2025			299,550						299,908						293,154						299,537
			4.750% Senior Notes due 2025 (DaVinci) (1)			149,363						149,897						147,489						149,587
			Total senior notes			1,871,492						1,886,689						1,854,052						1,883,655
			Medici Revolving Credit Facility (2)			—						—						75,000						75,000
			Total debt			$	1,871,492					$	1,886,689					$	1,929,052					$	1,958,655

(1)    RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinci. Because RenaissanceRe controls a majority of DaVinci’s issued voting shares, the consolidated financial statements of DaVinci are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinci and RenaissanceRe’s financial exposure to DaVinci is limited to its investment in DaVinci’s shares and counterparty credit risk arising from reinsurance transactions.

(2)        RenaissanceRe owns a noncontrolling economic interest in Medici. Because RenaissanceRe controls all of Medici’s issued voting shares, the financial statements of Medici are included in RenaissanceRe’s consolidated financial statements. However, RenaissanceRe does not guarantee or provide credit support for Medici, and RenaissanceRe’s financial exposure to Medici is limited to its investment in Medici’s shares and counterparty credit risk arising from reinsurance transactions.

Schedule of Aggregate Amount of Maturities Related to the Company's Debt Obligations

The following table sets forth the scheduled maturity of the Company’s aggregate amount of its debt obligation reflected on its consolidated balance sheet at December 31, 2024:

			2025			$	450,000
			2026			—
			2027			300,000
			2028			—
			2029			400,000
			After 2029			750,000
			Unamortized discount and debt issuance expenses			(13,311)
						$	1,886,689

Schedule of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:

			At December 31, 2024			Issued or Drawn
			Revolving Credit Facility (1)			$	—
			Medici Revolving Credit Facility (2)			—
			Bilateral Letter of Credit Facilities
			Secured			262,168
			Unsecured			357,443
						$	619,611

(1)At December 31, 2024, no amounts were issued or drawn under this facility.

(2)RenaissanceRe owns a noncontrolling economic interest in Medici. Because RenaissanceRe controls all of Medici’s voting shares, the financial statements of Medici are included in RenaissanceRe’s consolidated financial statements. However, RenaissanceRe does not guarantee or provide credit support for Medici, and RenaissanceRe’s financial exposure to Medici is limited to its investment in Medici’s shares and counterparty credit risk arising from reinsurance transactions. The drawn amount of the Medici revolving credit facility is included on the Company’s consolidated balance sheets under debt.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
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-SubTopic 10
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
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