XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Gross premiums written (Note 5) $ 3,421,180 $ 3,425,495 $ 7,576,683 $ 7,416,179
Net premiums written (Note 5) 2,770,270 2,838,511 6,213,799 6,038,084
Decrease (increase) in unearned premiums (358,116) (297,196) (1,080,864) (1,052,859)
Net premiums earned (Note 5) 2,412,154 2,541,315 5,132,935 4,985,225
Net investment income (Note 3) 413,108 410,845 818,461 801,620
Net foreign exchange gains (losses) 8,660 (8,815) 1,332 (44,498)
Equity in earnings (losses) of other ventures 20,333 12,590 38,161 26,717
Other income (loss) 2,624 169 3,538 119
Net realized and unrealized gains (losses) on investments (Note 3) 349,720 (127,584) 682,660 (341,238)
Total revenues 3,206,599 2,828,520 6,677,087 5,427,945
Expenses        
Net claims and claim expenses incurred (Notes 5 and 6) 1,042,123 1,309,502 3,785,881 2,475,625
Acquisition expenses 642,605 644,438 1,290,040 1,275,359
Operational expenses 125,738 108,039 225,923 214,223
Corporate expenses 23,781 35,159 46,591 74,411
Interest expense (Note 7) 31,793 23,609 58,879 46,713
Total expenses 1,866,040 2,120,747 5,407,314 4,086,331
Income (loss) before taxes 1,340,559 707,773 1,269,773 1,341,614
Income tax benefit (expense) (176,869) 20,848 (131,344) 5,476
Net income (loss) 1,163,690 728,621 1,138,429 1,347,090
Net (income) loss attributable to redeemable noncontrolling interests (328,339) (224,731) (133,087) (469,558)
Net income (loss) attributable to RenaissanceRe 835,351 503,890 1,005,342 877,532
Dividends on preference shares (Note 10) (8,844) (8,844) (17,688) (17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 826,507 $ 495,046 $ 987,654 $ 859,844
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 17.25 $ 9.44 $ 20.37 $ 16.39
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) $ 17.20 $ 9.41 $ 20.30 $ 16.35