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DEBT AND CREDIT FACILITIES (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt Obligations

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

						At March 31, 2025												At December 31, 2024
						Fair Value						Carrying Value						Fair Value						Carrying Value
			5.950% Senior Notes due 2035 (DaVinci) (1)			$	293,652					$	297,593					$	—					$	—
			5.800% Senior Notes due 2035			497,925						493,704						—						—
			5.750% Senior Notes due 2033			748,148						742,300						755,693						742,068
			3.600% Senior Notes due 2029			381,672						396,279						376,816						396,051
			3.450% Senior Notes due 2027			293,037						298,888						290,070						298,765
			3.700% Senior Notes due 2025 (2)			299,904						300,000						299,550						299,908
			4.750% Senior Notes due 2025 (DaVinci) (1)			149,951						149,974						149,363						149,897
			Total senior notes			2,664,289						2,678,738						1,871,492						1,886,689
			Medici Revolving Credit Facility (3)			75,000						75,000						—						—
			Total debt			$	2,739,289					$	2,753,738					$	1,871,492					$	1,886,689

(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)The 3.700% Senior Notes due 2025 were repaid in full at maturity on April 1, 2025. Refer to Note 15. “Subsequent Events” for additional information.

(3)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 Outstanding Amounts Issued or Drawn under Credit Facilities

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

			At March 31, 2025			Issued or Drawn
			Revolving Credit Facility (1)			$	—
			Medici Revolving Credit Facility (2)			75,000
			Bilateral Letter of Credit Facilities
			Secured			216,171
			Unsecured			306,316
						$	597,487

(1)At March 31, 2025, 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 information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- Definition

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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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