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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are defined as follows: (1) Property, which is comprised of catastrophe and other property (re)insurance written on behalf of the Company’s consolidated operating subsidiaries, joint ventures and managed funds, and (2) Casualty and Specialty, which is comprised of casualty and specialty (re)insurance written on behalf of the Company’s consolidated operating subsidiaries, joint ventures and managed funds. In addition to its reportable segments, the Company has an Other category, which primarily includes its investments unit, strategic investments, corporate expenses, capital servicing costs, noncontrolling interests and certain expenses related to acquisitions and dispositions.
The Company’s reportable segments each have executive leadership who are responsible for the overall performance of their respective segments and who are directly accountable to the Company’s chief operating decision maker (“CODM”), the Chief Executive Officer of RenaissanceRe, who is ultimately responsible for reviewing the business to assess performance, make operating decisions and allocate resources. The Company reports the results of its operations consistent with the manner in which the CODM reviews the business.
The Company does not manage its assets by segment; accordingly, net investment income and total assets are not allocated to the segments.
A summary of the significant components of the Company’s revenues and expenses by segment is as follows:
Three months ended June 30, 2025PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$1,731,935 $1,689,245 $— $3,421,180 
Net premiums written$1,325,557 $1,444,713 $— $2,770,270 
Net premiums earned$868,010 $1,544,144 $— $2,412,154 
Net claims and claim expenses incurred(7,930)1,050,053 — 1,042,123 
Acquisition expenses174,200 468,405 — 642,605 
Operational expenses71,569 54,169 — 125,738 
Underwriting income (loss)$630,171 $(28,483)$— 601,688 
Net investment income413,108 413,108 
Net foreign exchange gains (losses)8,660 8,660 
Equity in earnings (losses) of other ventures20,333 20,333 
Other income (loss)2,624 2,624 
Net realized and unrealized gains (losses) on investments349,720 349,720 
Corporate expenses(23,781)(23,781)
Interest expense(31,793)(31,793)
Income (loss) before taxes1,340,559 
Income tax benefit (expense)(176,869)(176,869)
Net (income) loss attributable to redeemable noncontrolling interests(328,339)(328,339)
Dividends on preference shares(8,844)(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$826,507 
Net claims and claim expenses incurred – current accident year$258,646 $1,053,187 $— $1,311,833 
Net claims and claim expenses incurred – prior accident years(266,576)(3,134)— (269,710)
Net claims and claim expenses incurred – total$(7,930)$1,050,053 $— $1,042,123 
Net claims and claim expense ratio – current accident year29.8 %68.2 %54.4 %
Net claims and claim expense ratio – prior accident years(30.7)%(0.2)%(11.2)%
Net claims and claim expense ratio – calendar year(0.9)%68.0 %43.2 %
Underwriting expense ratio28.3 %33.8 %31.9 %
Combined ratio27.4 %101.8 %75.1 %
Six months ended June 30, 2025PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$3,862,768 $3,713,915 $— $7,576,683 
Net premiums written$3,016,551 $3,197,248 $— $6,213,799 
Net premiums earned$2,115,960 $3,016,975 $— $5,132,935 
Net claims and claim expenses incurred1,615,327 2,170,554 — 3,785,881 
Acquisition expenses341,845 948,195 — 1,290,040 
Operational expenses135,835 90,088 — 225,923 
Underwriting income (loss)$22,953 $(191,862)$— (168,909)
Net investment income818,461 818,461 
Net foreign exchange gains (losses)1,332 1,332 
Equity in earnings of other ventures38,161 38,161 
Other income (loss)3,538 3,538 
Net realized and unrealized gains (losses) on investments682,660 682,660 
Corporate expenses(46,591)(46,591)
Interest expense(58,879)(58,879)
Income (loss) before taxes and redeemable noncontrolling interests1,269,773 
Income tax benefit (expense)(131,344)(131,344)
Net (income) loss attributable to redeemable noncontrolling interests(133,087)(133,087)
Dividends on preference shares(17,688)(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$987,654 
Net claims and claim expenses incurred – current accident year$2,068,961 $2,182,504 $— $4,251,465 
Net claims and claim expenses incurred – prior accident years(453,634)(11,950)— (465,584)
Net claims and claim expenses incurred – total$1,615,327 $2,170,554 $— $3,785,881 
Net claims and claim expense ratio – current accident year97.8 %72.3 %82.8 %
Net claims and claim expense ratio – prior accident years(21.5)%(0.4)%(9.0)%
Net claims and claim expense ratio – calendar year76.3 %71.9 %73.8 %
Underwriting expense ratio22.6 %34.5 %29.5 %
Combined ratio98.9 %106.4 %103.3 %
Three months ended June 30, 2024PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$1,753,098 $1,672,397 $— $3,425,495 
Net premiums written$1,358,660 $1,479,851 $— $2,838,511 
Net premiums earned$980,834 $1,560,481 $— $2,541,315 
Net claims and claim expenses incurred273,354 1,036,148 — 1,309,502 
Acquisition expenses188,345 456,093 — 644,438 
Operational expenses67,425 40,614 — 108,039 
Underwriting income (loss)$451,710 $27,626 $— 479,336 
Net investment income410,845 410,845 
Net foreign exchange gains (losses)(8,815)(8,815)
Equity in earnings (losses) of other ventures12,590 12,590 
Other income (loss)169 169 
Net realized and unrealized gains (losses) on investments(127,584)(127,584)
Corporate expenses(35,159)(35,159)
Interest expense(23,609)(23,609)
Income (loss) before taxes707,773 
Income tax benefit (expense)20,848 20,848 
Net (income) loss attributable to redeemable noncontrolling interests(224,731)(224,731)
Dividends on preference shares(8,844)(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$495,046 
Net claims and claim expenses incurred – current accident year$357,745 $1,060,028 $— $1,417,773 
Net claims and claim expenses incurred – prior accident years(84,391)(23,880)— (108,271)
Net claims and claim expenses incurred – total$273,354 $1,036,148 $— $1,309,502 
Net claims and claim expense ratio – current accident year36.5 %67.9 %55.8 %
Net claims and claim expense ratio – prior accident years(8.6)%(1.5)%(4.3)%
Net claims and claim expense ratio – calendar year27.9 %66.4 %51.5 %
Underwriting expense ratio26.0 %31.8 %29.6 %
Combined ratio53.9 %98.2 %81.1 %
Six months ended June 30, 2024PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$3,642,979 $3,773,200 $— $7,416,179 
Net premiums written$2,756,278 $3,281,806 $— $6,038,084 
Net premiums earned$1,916,917 $3,068,308 $— $4,985,225 
Net claims and claim expenses incurred427,603 2,048,022 — 2,475,625 
Acquisition expenses374,127 901,232 — 1,275,359 
Operational expenses129,049 85,174 — 214,223 
Underwriting income (loss)$986,138 $33,880 $— 1,020,018 
Net investment income801,620 801,620 
Net foreign exchange gains (losses)(44,498)(44,498)
Equity in earnings of other ventures26,717 26,717 
Other income (loss)119 119 
Net realized and unrealized gains (losses) on investments(341,238)(341,238)
Corporate expenses(74,411)(74,411)
Interest expense(46,713)(46,713)
Income (loss) before taxes and redeemable noncontrolling interests1,341,614 
Income tax benefit (expense)5,476 5,476 
Net (income) loss attributable to redeemable noncontrolling interests(469,558)(469,558)
Dividends on preference shares(17,688)(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$859,844 
Net claims and claim expenses incurred – current accident year$606,661 $2,074,316 $— $2,680,977 
Net claims and claim expenses incurred – prior accident years(179,058)(26,294)— (205,352)
Net claims and claim expenses incurred – total$427,603 $2,048,022 $— $2,475,625 
Net claims and claim expense ratio – current accident year31.6 %67.6 %53.8 %
Net claims and claim expense ratio – prior accident years(9.3)%(0.9)%(4.1)%
Net claims and claim expense ratio – calendar year22.3 %66.7 %49.7 %
Underwriting expense ratio26.3 %32.2 %29.8 %
Combined ratio48.6 %98.9 %79.5 %