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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
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