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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2018
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,
 
 
  
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross premiums written
$
1,159,652

 
$
922,090

 
$
977,343

 
$
827,415

 
$
625,677

 
$
640,269

 
$
547,755

 
$
407,766

 
 
Net premiums written
$
663,044

 
$
544,136

 
$
604,509

 
$
555,745

 
$
453,255

 
$
483,221

 
$
411,094

 
$
288,223

 
 
(Increase) decrease in unearned premiums
(222,762
)
 
(178,091
)
 
(175,124
)
 
(173,480
)
 
78,594

 
64,571

 
163,519

 
133,250

 
 
Net premiums earned
440,282

 
366,045

 
429,385

 
382,265

 
531,849

 
547,792

 
574,613

 
421,473

 
 
Net investment income
56,476

 
54,325

 
71,356

 
54,163

 
80,696

 
40,257

 
53,338

 
73,464

 
 
Net foreign exchange gains (losses)
3,757

 
8,165

 
(10,687
)
 
3,109

 
(4,566
)
 
(156
)
 
(932
)
 
(490
)
 
 
Equity in earnings (losses) of other ventures
857

 
(1,507
)
 
5,826

 
5,543

 
7,648

 
1,794

 
4,143

 
2,200

 
 
Other (loss) income
(1,242
)
 
1,665

 
1,225

 
2,392

 
497

 
2,996

 
5,489

 
2,362

 
 
Net realized and unrealized (losses) gains on investments
(82,144
)
 
43,373

 
(17,901
)
 
58,113

 
13,630

 
42,052

 
(88,654
)
 
(7,716
)
 
 
Total revenues
417,986

 
472,066

 
479,204

 
505,585

 
629,754

 
634,735

 
547,997

 
491,293

 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net claims and claim expenses incurred
171,703

 
193,081

 
60,167

 
142,587

 
410,510

 
1,221,696

 
477,638

 
304,064

 
 
Acquisition costs
97,711

 
83,282

 
105,052

 
88,251

 
109,761

 
76,761

 
120,465

 
98,598

 
 
Operational expenses
41,272

 
47,283

 
37,543

 
41,766

 
40,593

 
42,537

 
58,859

 
29,192

 
 
Corporate expenses
6,733

 
5,286

 
8,301

 
4,636

 
6,841

 
4,413

 
12,108

 
4,237

 
 
Interest expense
11,767

 
10,526

 
11,768

 
10,091

 
11,769

 
11,799

 
11,765

 
11,777

 
 
Total expenses
329,186

 
339,458

 
222,831

 
287,331

 
579,474

 
1,357,206

 
680,835

 
447,868

 
 
Income (loss) before taxes
88,800

 
132,608

 
256,373

 
218,254

 
50,280

 
(722,471
)
 
(132,838
)
 
43,425

 
 
Income tax benefit (expense)
3,407

 
(334
)
 
(4,506
)
 
(3,904
)
 
(1,451
)
 
18,977

 
8,852

 
(41,226
)
 
 
Net income (loss)
92,207

 
132,274

 
251,867

 
214,350

 
48,829

 
(703,494
)
 
(123,986
)
 
2,199

 
 
Net (income) loss attributable to redeemable noncontrolling interests
(29,899
)
 
(34,327
)
 
(54,483
)
 
(37,612
)
 
(6,440
)
 
204,277

 
49,269

 
(56
)
 
 
Net income (loss) available (attributable) to RenaissanceRe
62,308

 
97,947

 
197,384

 
176,738

 
42,389

 
(499,217
)
 
(74,717
)
 
2,143

 
 
Dividends on preference shares
(5,595
)
 
(5,595
)
 
(5,596
)
 
(5,596
)
 
(9,708
)
 
(5,595
)
 
(9,189
)
 
(5,595
)
 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders
$
56,713

 
$
92,352

 
$
191,788

 
$
171,142

 
$
32,681

 
$
(504,812
)
 
$
(83,906
)
 
$
(3,452
)
 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic
$
1.42

 
$
2.26

 
$
4.78

 
$
4.25

 
$
0.82

 
$
(12.75
)
 
$
(2.10
)
 
$
(0.09
)
 
 
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted
$
1.42

 
$
2.25

 
$
4.78

 
$
4.24

 
$
0.82

 
$
(12.75
)
 
$
(2.10
)
 
$
(0.09
)
 
 
Average shares outstanding – basic
39,552

 
40,408

 
39,641

 
39,937

 
39,624

 
39,591

 
40,111

 
39,478

 
 
Average shares outstanding – diluted
39,599

 
40,623

 
39,654

 
40,024

 
39,637

 
39,591

 
40,111

 
39,478