| Quarterly Financial Information (Unaudited) |
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended March 31, | | Quarter Ended June 30, | | Quarter Ended September 30, | | Quarter Ended December 31, | | | | 2017 | | 2016 | | 2017 | | 2016 | | 2017 | | 2016 | | 2017 | | 2016 | | | Revenues | | | | | | | | | | | | | | | | | | Gross premiums written | $ | 922,090 |
| | $ | 862,133 |
| | $ | 827,415 |
| | $ | 759,128 |
| | $ | 640,269 |
| | $ | 430,224 |
| | $ | 407,766 |
| | $ | 323,091 |
| | | Net premiums written | $ | 544,136 |
| | $ | 511,675 |
| | $ | 555,745 |
| | $ | 519,916 |
| | $ | 483,221 |
| | $ | 284,222 |
| | $ | 288,223 |
| | $ | 219,499 |
| | | (Increase) decrease in unearned premiums | (178,091 | ) | | (158,069 | ) | | (173,480 | ) | | (168,514 | ) | | 64,571 |
| | 62,299 |
| | 133,250 |
| | 132,402 |
| | | Net premiums earned | 366,045 |
| | 353,606 |
| | 382,265 |
| | 351,402 |
| | 547,792 |
| | 346,521 |
| | 421,473 |
| | 351,901 |
| | | Net investment income | 54,325 |
| | 28,863 |
| | 54,163 |
| | 54,124 |
| | 40,257 |
| | 51,423 |
| | 73,464 |
| | 47,316 |
| | | Net foreign exchange gains (losses) | 8,165 |
| | (1,692 | ) | | 3,109 |
| | (690 | ) | | (156 | ) | | (5,986 | ) | | (490 | ) | | (5,420 | ) | | | Equity in (losses) earnings of other ventures | (1,507 | ) | | 1,611 |
| | 5,543 |
| | 6,022 |
| | 1,794 |
| | (11,630 | ) | | 2,200 |
| | 4,960 |
| | | Other income | 1,665 |
| | 4,079 |
| | 2,392 |
| | 2,654 |
| | 2,996 |
| | 2,268 |
| | 2,362 |
| | 5,177 |
| | | Net realized and unrealized gains (losses) on investments | 43,373 |
| | 61,653 |
| | 58,113 |
| | 69,772 |
| | 42,052 |
| | 59,870 |
| | (7,716 | ) | | (49,967 | ) | | | Total revenues | 472,066 |
| | 448,120 |
| | 505,585 |
| | 483,284 |
| | 634,735 |
| | 442,466 |
| | 491,293 |
| | 353,967 |
| | | Expenses | | | | | | | | | | | | | | | | | | Net claims and claim expenses incurred | 193,081 |
| | 126,605 |
| | 142,587 |
| | 167,750 |
| | 1,221,696 |
| | 112,575 |
| | 304,064 |
| | 123,901 |
| | | Acquisition costs | 83,282 |
| | 65,592 |
| | 88,251 |
| | 69,005 |
| | 76,761 |
| | 80,580 |
| | 98,598 |
| | 74,146 |
| | | Operational expenses | 47,283 |
| | 56,235 |
| | 41,766 |
| | 51,073 |
| | 42,537 |
| | 40,493 |
| | 29,192 |
| | 49,948 |
| | | Corporate expenses | 5,286 |
| | 8,225 |
| | 4,636 |
| | 5,752 |
| | 4,413 |
| | 11,537 |
| | 4,237 |
| | 11,888 |
| | | Interest expense | 10,526 |
| | 10,538 |
| | 10,091 |
| | 10,536 |
| | 11,799 |
| | 10,536 |
| | 11,777 |
| | 10,534 |
| | | Total expenses | 339,458 |
| | 267,195 |
| | 287,331 |
| | 304,116 |
| | 1,357,206 |
| | 255,721 |
| | 447,868 |
| | 270,417 |
| | | Income (loss) before taxes | 132,608 |
| | 180,925 |
| | 218,254 |
| | 179,168 |
| | (722,471 | ) | | 186,745 |
| | 43,425 |
| | 83,550 |
| | | Income tax (expense) benefit | (334 | ) | | (2,744 | ) | | (3,904 | ) | | (6,612 | ) | | 18,977 |
| | 1,316 |
| | (41,226 | ) | | 7,700 |
| | | Net income (loss) | 132,274 |
| | 178,181 |
| | 214,350 |
| | 172,556 |
| | (703,494 | ) | | 188,061 |
| | 2,199 |
| | 91,250 |
| | | Net (income) loss attributable to redeemable noncontrolling interests | (34,327 | ) | | (44,591 | ) | | (37,612 | ) | | (30,635 | ) | | 204,277 |
| | (35,641 | ) | | (56 | ) | | (16,219 | ) | | | Net income (loss) available (attributable) to RenaissanceRe | 97,947 |
| | 133,590 |
| | 176,738 |
| | 141,921 |
| | (499,217 | ) | | 152,420 |
| | 2,143 |
| | 75,031 |
| | | Dividends on preference shares | (5,595 | ) | | (5,595 | ) | | (5,596 | ) | | (5,596 | ) | | (5,595 | ) | | (5,595 | ) | | (5,595 | ) | | (5,595 | ) | | | Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 92,352 |
| | $ | 127,995 |
| | $ | 171,142 |
| | $ | 136,325 |
| | $ | (504,812 | ) | | $ | 146,825 |
| | $ | (3,452 | ) | | $ | 69,436 |
| | | Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic | $ | 2.26 |
| | $ | 2.97 |
| | $ | 4.25 |
| | $ | 3.23 |
| | $ | (12.75 | ) | | $ | 3.58 |
| | $ | (0.09 | ) | | $ | 1.70 |
| | | Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted | $ | 2.25 |
| | $ | 2.95 |
| | $ | 4.24 |
| | $ | 3.22 |
| | $ | (12.75 | ) | | $ | 3.56 |
| | $ | (0.09 | ) | | $ | 1.69 |
| | | Average shares outstanding – basic | 40,408 |
| | 42,577 |
| | 39,937 |
| | 41,693 |
| | 39,591 |
| | 40,513 |
| | 39,478 |
| | 40,474 |
| | | Average shares outstanding – diluted | 40,623 |
| | 42,912 |
| | 40,024 |
| | 41,885 |
| | 39,591 |
| | 40,733 |
| | 39,478 |
| | 40,707 |
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