Statutory Requirements (Tables)

12 Months Ended

Dec. 31, 2019

Insurance [Abstract]

Schedule of Actual and Required Statutory Capital and Surplus

The statutory capital and surplus, required minimum statutory capital and surplus and unrestricted net assets of the Company’s regulated insurance operations in its most significant regulatory jurisdictions are detailed below:

	Bermuda (1)				Switzerland (2)				U.K. (3) (4)				U.S.
At December 31,	2019		2018		2019		2018		2019		2018		2019		2018
Statutory capital and surplus	$	5,325,749	$	4,366,089	$	580,235	$	—	$	675,864	$	519,689	$	677,832	$	502,803
Required statutory capital and surplus	1,201,529		957,650		465,900		—		675,864		519,689		397,447		306,628
Unrestricted net assets	1,107,586		931,387		102,943		—		—		—		46,630		31,228

(1) The Company's Bermuda-domiciled insurance subsidiaries’ capital and surplus is based on the relevant insurer’s statutory financial statements and required statutory capital and surplus is based on the MSM.

(2) RenaissanceRe Europe’s statutory capital and surplus and required statutory capital and surplus incorporate a full year of statutory net loss and risk capital, respectively.

(3) With respect to statutory capital and surplus and required statutory capital and surplus, and as described below, underwriting capacity of a member of Lloyd’s must be supported by providing a deposit in the form of cash, securities or letters of credit, which are referred to as Funds at Lloyd’s (“FAL”). FAL is determined by Lloyd’s and is based on Syndicate 1458’s solvency and capital requirements as calculated through its internal model.

(4)

Syndicate 1458 is capitalized by its FAL, with the related assets not held on its balance sheet. As such, unrestricted net assets is not applicable to Syndicate 1458; however, the Company can make an application to obtain approval from Lloyd’s to have funds released to RenaissanceRe from Syndicate 1458, subject to passing a Lloyd’s release test.

Schedule of Statutory Net (Loss) Income

Statutory net income (loss) of the Company’s regulated insurance operations in its most significant regulatory jurisdictions are detailed below:

	Statutory Net Income (Loss)
	Bermuda			Switzerland			U.K.			U.S.
Year ended December 31, 2019	$	657,182		$	(14,679	)	$	(666,595	)	$	37,827
Year ended December 31, 2018	326,386			—			(6,692		)	25,851
Year ended December 31, 2017	(334,142		)	—			(57,050		)	(3,627		)