Schedule II. Condensed Financial Information Of Registrant (Statements of Operations) (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2020 |
Sep. 30, 2020 |
Jun. 30, 2020 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Revenues | |||||||||||
Net investment income | $ 81,717 | $ 83,543 | $ 89,305 | $ 99,473 | $ 112,138 | $ 111,388 | $ 118,587 | $ 82,094 | $ 354,038 | $ 424,207 | $ 269,965 |
Net foreign exchange gains (losses) | 23,270 | 17,426 | (7,195) | (5,728) | (1,126) | (8,275) | 9,309 | (2,846) | 27,773 | (2,938) | (12,428) |
Net realized and unrealized (losses) gains on investments | 258,745 | 224,208 | 448,390 | (110,707) | 18,454 | 34,394 | 191,248 | 170,013 | 820,636 | 414,109 | (183,168) |
Total revenues | 1,395,323 | 1,332,293 | 1,548,436 | 896,264 | 1,105,305 | 1,051,148 | 1,238,380 | 807,121 | 5,172,316 | 4,201,954 | 2,074,941 |
Expenses | |||||||||||
Interest expense | 11,841 | 11,843 | 11,842 | 14,927 | 15,496 | 15,580 | 15,534 | 11,754 | 50,453 | 58,364 | 47,069 |
Operational expenses | 41,104 | 49,045 | 49,077 | 67,461 | 64,571 | 53,415 | 59,814 | 44,933 | 206,687 | 222,733 | 178,267 |
Corporate expenses | 21,031 | 48,050 | 11,898 | 15,991 | 17,642 | 13,844 | 23,847 | 38,789 | 96,970 | 94,122 | 33,983 |
Total expenses | 1,213,612 | 1,266,148 | 816,699 | 879,937 | 1,068,420 | 939,540 | 780,050 | 446,462 | 4,176,396 | 3,234,472 | 1,812,326 |
Loss before equity in net income of subsidiaries | 995,920 | 967,482 | 262,615 | ||||||||
Equity in net income of subsidiaries | 0 | 0 | 0 | ||||||||
Net income (loss) attributable to RenaissanceRe | 197,101 | 55,088 | 583,134 | (72,918) | 42,962 | 45,887 | 377,043 | 282,906 | 762,405 | 748,798 | 227,364 |
Dividends on preference shares (Note 12) | (7,289) | (7,289) | (7,289) | (9,056) | (9,189) | (9,189) | (9,189) | (9,189) | (30,923) | (36,756) | (30,088) |
Net income available to RenaissanceRe common shareholders | $ 189,812 | $ 47,799 | $ 575,845 | $ (81,974) | $ 33,773 | $ 36,698 | $ 367,854 | $ 273,717 | 731,482 | 712,042 | 197,276 |
Parent Company | |||||||||||
Revenues | |||||||||||
Net investment income | 40,502 | 39,629 | 24,791 | ||||||||
Net foreign exchange gains (losses) | 10,729 | 7,342 | (3) | ||||||||
Net realized and unrealized (losses) gains on investments | (4,556) | 12,393 | 633 | ||||||||
Total revenues | 46,675 | 59,364 | 25,421 | ||||||||
Expenses | |||||||||||
Interest expense | 15,583 | 18,086 | 5,683 | ||||||||
Operational expenses | 8,016 | 7,506 | 7,679 | ||||||||
Corporate expenses | 47,223 | 58,393 | 25,190 | ||||||||
Total expenses | 70,822 | 83,985 | 38,552 | ||||||||
Loss before equity in net income of subsidiaries | (24,147) | (24,621) | (13,131) | ||||||||
Equity in net income of subsidiaries | 786,552 | 773,419 | 240,495 | ||||||||
Net income (loss) attributable to RenaissanceRe | 762,405 | 748,798 | 227,364 | ||||||||
Dividends on preference shares (Note 12) | (30,923) | (36,756) | (30,088) | ||||||||
Net income available to RenaissanceRe common shareholders | $ 731,482 | $ 712,042 | $ 197,276 |
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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