XML 137 R121.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Net premiums earned $ 574,613 $ 531,849 $ 429,385 $ 440,282 $ 421,473 $ 547,792 $ 382,265 $ 366,045 $ 1,976,129 $ 1,717,575 $ 1,403,430
Net investment income 53,338 80,696 71,356 56,476 73,464 40,257 54,163 54,325 261,866 222,209 181,726
Net foreign exchange (losses) gains (932) (4,566) (10,687) 3,757 (490) (156) 3,109 8,165 (12,428) 10,628 (13,788)
Equity in earnings (losses) of other ventures 4,143 7,648 5,826 857 2,200 1,794 5,543 (1,507) 18,474 8,030 963
Other loss 5,489 497 1,225 (1,242) 2,362 2,996 2,392 1,665 5,969 9,415 14,178
Net realized and unrealized (losses) gains on investments (88,654) 13,630 (17,901) (82,144) (7,716) 42,052 58,113 43,373 (175,069) 135,822 141,328
Total revenues 547,997 629,754 479,204 417,986 491,293 634,735 505,585 472,066 2,074,941 2,103,679 1,727,837
Expenses                      
Net claims and claim expenses incurred 477,638 410,510 60,167 171,703 304,064 1,221,696 142,587 193,081 1,120,018 1,861,428 530,831
Acquisition expenses 120,465 109,761 105,052 97,711 98,598 76,761 88,251 83,282 432,989 346,892 289,323
Operational expenses 58,859 40,593 37,543 41,272 29,192 42,537 41,766 47,283 178,267 160,778 197,749
Corporate expenses 12,108 6,841 8,301 6,733 4,237 4,413 4,636 5,286 33,983 18,572 37,402
Interest expense 11,765 11,769 11,768 11,767 11,777 11,799 10,091 10,526 47,069 44,193 42,144
Total expenses 680,835 579,474 222,831 329,186 447,868 1,357,206 287,331 339,458 1,812,326 2,431,863 1,097,449
(Loss) income before equity in net income of subsidiaries and taxes                 262,615 (328,184) 630,388
Equity in net income of subsidiaries                 0 0 0
Income (loss) before taxes (132,838) 50,280 256,373 88,800 43,425 (722,471) 218,254 132,608 262,615 (328,184) 630,388
Income tax benefit (expense) 8,852 (1,451) (4,506) 3,407 (41,226) 18,977 (3,904) (334) 6,302 (26,487) (340)
Net income (loss) (123,986) 48,829 251,867 92,207 2,199 (703,494) 214,350 132,274 268,917 (354,671) 630,048
Net (income) loss attributable to redeemable noncontrolling interests 49,269 (6,440) (54,483) (29,899) (56) 204,277 (37,612) (34,327) (41,553) 132,282 (127,086)
Net income (loss) attributable to RenaissanceRe (74,717) 42,389 197,384 62,308 2,143 (499,217) 176,738 97,947 227,364 (222,389) 502,962
Dividends on preference shares (9,189) (9,708) (5,596) (5,595) (5,595) (5,595) (5,596) (5,595) (30,088) (22,381) (22,381)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ (83,906) $ 32,681 $ 191,788 $ 56,713 $ (3,452) $ (504,812) $ 171,142 $ 92,352 197,276 (244,770) 480,581
RenaissanceRe Holdings Ltd. (Parent Guarantor)                      
Revenues                      
Net investment income                 24,791 23,109 24,178
Net foreign exchange (losses) gains                 (3) (1) (2)
Other loss                 0 0 (772)
Net realized and unrealized (losses) gains on investments                 633 (1,357) 4,151
Total revenues                 25,421 21,751 27,555
Expenses                      
Operational expenses                 7,679 11,314 13,716
Corporate expenses                 25,190 18,546 26,848
Interest expense                 5,683 1,572 562
Total expenses                 38,552 31,432 41,126
(Loss) income before equity in net income of subsidiaries and taxes                 (13,131) (9,681) (13,571)
Equity in net income of subsidiaries                 240,495 (212,708) 516,533
Net income (loss) attributable to RenaissanceRe                 227,364 (222,389) 502,962
Dividends on preference shares                 (30,088) (22,381) (22,381)
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 197,276 (244,770) 480,581
Reportable Legal Entities | RenaissanceRe Holdings Ltd. (Parent Guarantor)                      
Revenues                      
Net premiums earned                 0 0 0
Net investment income                 24,791 23,109 24,178
Net foreign exchange (losses) gains                 (3) (1) (2)
Equity in earnings (losses) of other ventures                 0 0 0
Other loss                 0 0 (772)
Net realized and unrealized (losses) gains on investments                 633 (1,357) 4,151
Total revenues                 25,421 21,751 27,555
Expenses                      
Net claims and claim expenses incurred                 0 0 0
Acquisition expenses                 0 0 0
Operational expenses                 7,679 11,314 13,716
Corporate expenses                 25,190 18,546 26,848
Interest expense                 5,683 1,572 562
Total expenses                 38,552 31,432 41,126
(Loss) income before equity in net income of subsidiaries and taxes                 (13,131) (9,681) (13,571)
Equity in net income of subsidiaries                 240,495 (212,708) 516,533
Income (loss) before taxes                 227,364 (222,389) 502,962
Income tax benefit (expense)                 0 0 0
Net income (loss)                 227,364 (222,389) 502,962
Net (income) loss attributable to redeemable noncontrolling interests                 0 0 0
Net income (loss) attributable to RenaissanceRe                 227,364 (222,389) 502,962
Dividends on preference shares                 (30,088) (22,381) (22,381)
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 197,276 (244,770) 480,581
Reportable Legal Entities | Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)                      
Revenues                      
Net premiums earned                 1,976,129 1,717,575 1,403,430
Net investment income                 261,192 219,490 175,407
Net foreign exchange (losses) gains                 (12,425) 10,629 (13,786)
Equity in earnings (losses) of other ventures                 15,409 8,253 963
Other loss                 5,969 9,415 14,950
Net realized and unrealized (losses) gains on investments                 (171,013) 123,121 124,279
Total revenues                 2,075,261 2,088,483 1,705,243
Expenses                      
Net claims and claim expenses incurred                 1,120,018 1,861,428 530,831
Acquisition expenses                 432,989 346,892 289,323
Operational expenses                 164,605 141,572 176,041
Corporate expenses                 3,103 26 10,344
Interest expense                 4,367 10,075 10,062
Total expenses                 1,725,082 2,359,993 1,016,601
(Loss) income before equity in net income of subsidiaries and taxes                 350,179 (271,510) 688,642
Equity in net income of subsidiaries                 0 0 0
Income (loss) before taxes                 350,179 (271,510) 688,642
Income tax benefit (expense)                 (399) (14,328) (7,617)
Net income (loss)                 349,780 (285,838) 681,025
Net (income) loss attributable to redeemable noncontrolling interests                 (41,553) 132,282 (127,086)
Net income (loss) attributable to RenaissanceRe                 308,227 (153,556) 553,939
Dividends on preference shares                 0 0 0
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 308,227 (153,556) 553,939
Reportable Legal Entities | RenRe North America Holdings Inc. (Subsidiary Issuer)                      
Revenues                      
Net premiums earned                 0 0 0
Net investment income                 2,193 1,947 1,852
Net foreign exchange (losses) gains                 0 0 0
Equity in earnings (losses) of other ventures                 0 0 0
Other loss                 0 0 0
Net realized and unrealized (losses) gains on investments                 (4,360) 9,621 4,659
Total revenues                 (2,167) 11,568 6,511
Expenses                      
Net claims and claim expenses incurred                 0 0 0
Acquisition expenses                 0 0 0
Operational expenses                 110 103 (112)
Corporate expenses                 0 0 203
Interest expense                 0 0 0
Total expenses                 110 103 91
(Loss) income before equity in net income of subsidiaries and taxes                 (2,277) 11,465 6,420
Equity in net income of subsidiaries                 5,631 756 3,857
Income (loss) before taxes                 3,354 12,221 10,277
Income tax benefit (expense)                 582 (18,147) (2,275)
Net income (loss)                 3,936 (5,926) 8,002
Net (income) loss attributable to redeemable noncontrolling interests                 0 0 0
Net income (loss) attributable to RenaissanceRe                 3,936 (5,926) 8,002
Dividends on preference shares                 0 0 0
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 3,936 (5,926) 8,002
Reportable Legal Entities | Platinum Underwriters Finance, Inc. (Subsidiary Issuer)                      
Revenues                      
Net premiums earned                   0 0
Net investment income                   1,373 3,989
Net foreign exchange (losses) gains                   0 0
Equity in earnings (losses) of other ventures                   0 0
Other loss                   0 0
Net realized and unrealized (losses) gains on investments                   4,916 8,193
Total revenues                   6,289 12,182
Expenses                      
Net claims and claim expenses incurred                   0 0
Acquisition expenses                   0 0
Operational expenses                   85 296
Corporate expenses                   0 0
Interest expense                   2,461 5,906
Total expenses                   2,546 6,202
(Loss) income before equity in net income of subsidiaries and taxes                   3,743 5,980
Equity in net income of subsidiaries                   28,028 25,073
Income (loss) before taxes                   31,771 31,053
Income tax benefit (expense)                   (1,175) (1,462)
Net income (loss)                   30,596 29,591
Net (income) loss attributable to redeemable noncontrolling interests                   0 0
Net income (loss) attributable to RenaissanceRe                   30,596 29,591
Dividends on preference shares                   0 0
Net income (loss) available (attributable) to RenaissanceRe common shareholders                   30,596 29,591
Reportable Legal Entities | RenaissanceRe Finance, Inc. (Subsidiary Issuer)                      
Revenues                      
Net premiums earned                 0 0 0
Net investment income                 6,219 3,090 569
Net foreign exchange (losses) gains                 0 0 0
Equity in earnings (losses) of other ventures                 3,065 (223) 0
Other loss                 0 0 0
Net realized and unrealized (losses) gains on investments                 (329) (479) 46
Total revenues                 8,955 2,388 615
Expenses                      
Net claims and claim expenses incurred                 0 0 0
Acquisition expenses                 0 0 0
Operational expenses                 34,534 26,063 22,152
Corporate expenses                 7 0 7
Interest expense                 37,019 31,657 26,176
Total expenses                 71,560 57,720 48,335
(Loss) income before equity in net income of subsidiaries and taxes                 (62,605) (55,332) (47,720)
Equity in net income of subsidiaries                 9,091 9,298 38,628
Income (loss) before taxes                 (53,514) (46,034) (9,092)
Income tax benefit (expense)                 6,119 7,163 11,014
Net income (loss)                 (47,395) (38,871) 1,922
Net (income) loss attributable to redeemable noncontrolling interests                 0 0 0
Net income (loss) attributable to RenaissanceRe                 (47,395) (38,871) 1,922
Dividends on preference shares                 0 0 0
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 (47,395) (38,871) 1,922
Consolidating Adjustments                      
Revenues                      
Net premiums earned                 0 0 0
Net investment income                 (32,529) (26,800) (24,269)
Net foreign exchange (losses) gains                 0 0 0
Equity in earnings (losses) of other ventures                 0 0 0
Other loss                 0 0 0
Net realized and unrealized (losses) gains on investments                 0 0 0
Total revenues                 (32,529) (26,800) (24,269)
Expenses                      
Net claims and claim expenses incurred                 0 0 0
Acquisition expenses                 0 0 0
Operational expenses                 (28,661) (18,359) (14,344)
Corporate expenses                 5,683 0 0
Interest expense                 0 (1,572) (562)
Total expenses                 (22,978) (19,931) (14,906)
(Loss) income before equity in net income of subsidiaries and taxes                 (9,551) (6,869) (9,363)
Equity in net income of subsidiaries                 (255,217) 174,626 (584,091)
Income (loss) before taxes                 (264,768) 167,757 (593,454)
Income tax benefit (expense)                 0 0 0
Net income (loss)                 (264,768) 167,757 (593,454)
Net (income) loss attributable to redeemable noncontrolling interests                 0 0 0
Net income (loss) attributable to RenaissanceRe                 (264,768) 167,757 (593,454)
Dividends on preference shares                 0 0 0
Net income (loss) available (attributable) to RenaissanceRe common shareholders                 $ (264,768) $ 167,757 $ (593,454)