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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Gross premiums written $ 1,159,652 $ 922,090
Net premiums written 663,044 544,136
Increase in unearned premiums (222,762) (178,091)
Net premiums earned 440,282 366,045
Net investment income 56,476 54,325
Net foreign exchange gains 3,757 8,165
Equity in earnings (losses) of other ventures 857 (1,507)
Other (loss) income (1,242) 1,665
Net realized and unrealized (losses) gains on investments (82,144) 43,373
Total revenues 417,986 472,066
Expenses    
Net claims and claim expenses incurred 171,703 193,081
Acquisition expenses 97,711 83,282
Operational expenses 41,272 47,283
Corporate expenses 6,733 5,286
Interest expense 11,767 10,526
Total expenses 329,186 339,458
Income before taxes 88,800 132,608
Income tax benefit (expense) 3,407 (334)
Net income 92,207 132,274
Net income attributable to redeemable noncontrolling interests (29,899) (34,327)
Net income attributable to RenaissanceRe 62,308 97,947
Dividends on preference shares (5,595) (5,595)
Net income available to RenaissanceRe common shareholders $ 56,713 $ 92,352
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 1.42 $ 2.26
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 1.42 2.25
Dividends declared per common share (in dollars per share) $ 0.33 $ 0.32