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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Gross premiums written $ 430,224 $ 369,642 $ 2,051,485 $ 1,675,217
Net premiums written 284,222 266,820 1,315,813 1,179,532
Decrease (increase) in unearned premiums 62,299 95,568 (264,284) (140,556)
Net premiums earned 346,521 362,388 1,051,529 1,038,976
Net investment income 51,423 28,338 134,410 106,649
Net foreign exchange (losses) gains (5,986) 616 (8,368) (4,254)
Equity in (losses) earnings of other ventures (11,630) 5,730 (3,997) 17,185
Other income 2,268 2,306 9,001 5,272
Net realized and unrealized gains (losses) on investments 59,870 (41,138) 191,295 (26,101)
Total revenues 442,466 358,240 1,373,870 1,137,727
Expenses        
Net claims and claim expenses incurred 112,575 100,028 406,930 346,225
Acquisition expenses 80,580 78,126 215,177 183,193
Operational expenses 40,493 54,518 147,801 154,812
Corporate expenses 11,537 7,322 25,514 65,723
Interest expense 10,536 10,542 31,610 25,720
Total expenses 255,721 250,536 827,032 775,673
Income before taxes 186,745 107,704 546,838 362,054
Income tax benefit (expense) 1,316 4,573 (8,040) 54,319
Net income 188,061 112,277 538,798 416,373
Net income attributable to redeemable noncontrolling interests (35,641) (31,153) (110,867) (82,982)
Net income attributable to RenaissanceRe 152,420 81,124 427,931 333,391
Dividends on preference shares (5,595) (5,595) (16,786) (16,786)
Net income available to RenaissanceRe common shareholders $ 146,825 $ 75,529 $ 411,145 $ 316,605
Net income available to RenaissanceRe common shareholders per common share – basic (in usd per share) $ 3.58 $ 1.68 $ 9.77 $ 7.25
Net income available to RenaissanceRe common shareholders per common share – diluted (in usd per share) 3.56 1.66 9.71 7.19
Dividends per common share (in usd per share) $ 0.31 $ 0.30 $ 0.93 $ 0.9