SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting, Measurement Disclosures [Abstract]

Schedule of Significant Components of the Company's Revenues and Expenses by Segment

A summary of the significant components of the Company’s revenues and expenses by segment is as follows:



Three months ended March 31, 2025	Property			Casualty and Specialty			Other		Total
Gross premiums written	$	2,130,833		$	2,024,670		$	—	$	4,155,503
Net premiums written	$	1,690,994		$	1,752,535		$	—	$	3,443,529
Net premiums earned	$	1,247,950		$	1,472,831		$	—	$	2,720,781
Net claims and claim expenses incurred	1,623,257			1,120,501			—		2,743,758
Acquisition expenses	167,645			479,790			—		647,435
Operational expenses	64,266			35,919			—		100,185
Underwriting income (loss)	$	(607,218)		$	(163,379)		$	—	(770,597)
Net investment income							405,353		405,353
Net foreign exchange gains (losses)							(7,328)		(7,328)
Equity in earnings (losses) of other ventures							17,828		17,828
Other income (loss)							914		914
Net realized and unrealized gains (losses) on investments							332,940		332,940

Corporate expenses							(22,810)		(22,810)
Interest expense							(27,086)		(27,086)
Income (loss) before taxes									(70,786)
Income tax benefit (expense)							45,525		45,525

Net (income) loss attributable to redeemable noncontrolling interests							195,252		195,252
Dividends on preference shares							(8,844)		(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders									$	161,147

Net claims and claim expenses incurred – current accident year	$	1,810,315		$	1,129,317		$	—	$	2,939,632
Net claims and claim expenses incurred – prior accident years	(187,058)			(8,816)			—		(195,874)
Net claims and claim expenses incurred – total	$	1,623,257		$	1,120,501		$	—	$	2,743,758

Net claims and claim expense ratio – current accident year	145.1		%	76.7		%			108.0		%
Net claims and claim expense ratio – prior accident years	(15.0)		%	(0.6)		%			(7.2)		%
Net claims and claim expense ratio – calendar year	130.1		%	76.1		%			100.8		%
Underwriting expense ratio	18.6		%	35.0		%			27.5		%
Combined ratio	148.7		%	111.1		%			128.3		%



Three months ended March 31, 2024	Property			Casualty and Specialty			Other		Total
Gross premiums written	$	1,889,881		$	2,100,803		$	—	$	3,990,684
Net premiums written	$	1,397,618		$	1,801,955		$	—	$	3,199,573
Net premiums earned	$	936,083		$	1,507,827		$	—	$	2,443,910
Net claims and claim expenses incurred	154,249			1,011,874			—		1,166,123
Acquisition expenses	185,782			445,139			—		630,921
Operational expenses	61,624			44,560			—		106,184
Underwriting income (loss)	$	534,428		$	6,254		$	—	540,682
Net investment income							390,775		390,775
Net foreign exchange gains (losses)							(35,683)		(35,683)
Equity in earnings (losses) of other ventures							14,127		14,127
Other income (loss)							(50)		(50)
Net realized and unrealized gains (losses) on investments							(213,654)		(213,654)

Corporate expenses							(39,252)		(39,252)
Interest expense							(23,104)		(23,104)
Income (loss) before taxes									633,841
Income tax benefit (expense)							(15,372)		(15,372)

Net (income) loss attributable to redeemable noncontrolling interests							(244,827)		(244,827)
Dividends on preference shares							(8,844)		(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders									$	364,798

Net claims and claim expenses incurred – current accident year	$	248,916		$	1,014,288		$	—	$	1,263,204
Net claims and claim expenses incurred – prior accident years	(94,667)			(2,414)			—		(97,081)
Net claims and claim expenses incurred – total	$	154,249		$	1,011,874		$	—	$	1,166,123

Net claims and claim expense ratio – current accident year	26.6		%	67.3		%			51.7		%
Net claims and claim expense ratio – prior accident years	(10.1)		%	(0.2)		%			(4.0)		%
Net claims and claim expense ratio – calendar year	16.5		%	67.1		%			47.7		%
Underwriting expense ratio	26.4		%	32.5		%			30.2		%
Combined ratio	42.9		%	99.6		%			77.9		%