Consolidated Statements Of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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Revenues | ||||
Gross premiums written | $ 661,997 | $ 511,540 | $ 1,305,575 | $ 1,216,800 |
Net premiums written | 508,677 | 346,407 | 912,712 | 796,754 |
Increase in unearned premiums | (128,849) | (85,991) | (236,124) | (249,804) |
Net premiums earned | 379,828 | 260,416 | 676,588 | 546,950 |
Net investment income | 38,604 | 34,541 | 78,311 | 73,489 |
Net foreign exchange (losses) gains | (1,740) | 2,392 | (4,870) | 1,331 |
Equity in earnings of other ventures | 6,160 | 7,232 | 11,455 | 11,431 |
Other income (loss) | 1,427 | (535) | 2,966 | (473) |
Net realized and unrealized (losses) gains on investments | (26,712) | 27,128 | 15,037 | 42,055 |
Total revenues | 397,567 | 331,174 | 779,487 | 674,783 |
Expenses | ||||
Net claims and claim expenses incurred | 169,344 | 81,388 | 246,197 | 140,303 |
Acquisition expenses | 61,666 | 33,477 | 105,067 | 67,177 |
Operational expenses | 54,673 | 45,841 | 100,294 | 88,465 |
Corporate expenses | 13,032 | 3,954 | 58,630 | 8,499 |
Interest expense | 9,698 | 4,292 | 14,949 | 8,585 |
Total expenses | 308,413 | 168,952 | 525,137 | 313,029 |
Income before taxes | 89,154 | 162,222 | 254,350 | 361,754 |
Income tax (expense) benefit | 1,842 | 204 | 49,746 | 38 |
Net income | 90,996 | 162,426 | 304,096 | 361,792 |
Net income attributable to noncontrolling interests | (12,167) | (36,078) | (51,829) | (78,846) |
Net income attributable to RenaissanceRe | 78,829 | 126,348 | 252,267 | 282,946 |
Dividends on preference shares | (5,596) | (5,596) | (11,191) | (11,191) |
Net income available to RenaissanceRe common shareholders | $ 73,233 | $ 120,752 | $ 241,076 | $ 271,755 |
Net income available to RenaissanceRe common shareholders per common share – basic (in usd per share) | $ 1.60 | $ 3.00 | $ 5.61 | $ 6.62 |
Net income available to RenaissanceRe common shareholders per common share – diluted (in usd per share) | 1.59 | 2.95 | 5.56 | 6.52 |
Dividends per common share, in usd per share | $ 0.3 | $ 0.29 | $ 0.6 | $ 0.58 |
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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://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of decrease (increase) in unearned premiums. 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/presentationRef
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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/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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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. Includes selling, general and administrative expense. No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of direct and assumed premiums written. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- References No definition available.
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