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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Gross premiums written $ 977,343 $ 827,415 $ 2,136,995 $ 1,749,505
Net premiums written 604,509 555,745 1,267,553 1,099,881
Increase in unearned premiums (175,124) (173,480) (397,886) (351,571)
Net premiums earned 429,385 382,265 869,667 748,310
Net investment income 71,356 54,163 127,832 108,488
Net foreign exchange (losses) gains (10,687) 3,109 (6,930) 11,274
Equity in earnings of other ventures 5,826 5,543 6,683 4,036
Other income (loss) 1,225 2,392 (17) 4,057
Net realized and unrealized (losses) gains on investments (17,901) 58,113 (100,045) 101,486
Total revenues 479,204 505,585 897,190 977,651
Expenses        
Net claims and claim expenses incurred 60,167 142,587 231,870 335,668
Acquisition expenses 105,052 88,251 202,763 171,533
Operational expenses 37,543 41,766 78,815 89,049
Corporate expenses 8,301 4,636 15,034 9,922
Interest expense 11,768 10,091 23,535 20,617
Total expenses 222,831 287,331 552,017 626,789
Income before taxes 256,373 218,254 345,173 350,862
Income tax expense (4,506) (3,904) (1,099) (4,238)
Net income 251,867 214,350 344,074 346,624
Net income attributable to redeemable noncontrolling interests (54,483) (37,612) (84,382) (71,939)
Net income attributable to RenaissanceRe 197,384 176,738 259,692 274,685
Dividends on preference shares (5,596) (5,596) (11,191) (11,191)
Net income available to RenaissanceRe common shareholders $ 191,788 $ 171,142 $ 248,501 $ 263,494
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 4.78 $ 4.25 $ 6.21 $ 6.50
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 4.78 4.24 6.21 6.47
Dividends declared per common share (in dollars per share) $ 0.33 $ 0.32 $ 0.66 $ 0.64