XML 22 R70.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net premiums earned $ 913,098 $ 550,028
Net investment income 99,473 82,094
Net foreign exchange losses (5,728) (2,846)
Equity in earnings of other ventures 4,564 4,661
Other (loss) income (4,436) 3,171
Net realized and unrealized (losses) gains on investments (110,707) 170,013
Total revenues 896,264 807,121
Expenses    
Net claims and claim expenses incurred 570,954 227,035
Acquisition expenses 210,604 123,951
Operational expenses 67,461 44,933
Corporate expenses 15,991 38,789
Interest expense 14,927 11,754
Total expenses 879,937 446,462
(Loss) income before equity in net (loss) income of subsidiaries and taxes 16,327 360,659
Equity in net (loss) income of subsidiaries 0 0
Income before taxes 16,327 360,659
Income tax (expense) benefit 8,846 (7,531)
Net (loss) income 25,173 353,128
Net income attributable to redeemable noncontrolling interests (98,091) (70,222)
Net (loss) income attributable to RenaissanceRe (72,918) 282,906
Dividends on preference shares (9,056) (9,189)
Net (loss) income (attributable) available to RenaissanceRe common shareholders (81,974) 273,717
Reportable Legal Entities | RenaissanceRe Finance Inc. (Subsidiary Issuer)    
Revenues    
Net premiums earned 0 0
Net investment income 883 2,060
Net foreign exchange losses 0 0
Equity in earnings of other ventures 389 965
Other (loss) income 0 0
Net realized and unrealized (losses) gains on investments 116 109
Total revenues 1,388 3,134
Expenses    
Net claims and claim expenses incurred 0 0
Acquisition expenses 0 0
Operational expenses 17,318 12,333
Corporate expenses 0 0
Interest expense 9,969 9,252
Total expenses 27,287 21,585
(Loss) income before equity in net (loss) income of subsidiaries and taxes (25,899) (18,451)
Equity in net (loss) income of subsidiaries (33,669) 33,532
Income before taxes (59,568) 15,081
Income tax (expense) benefit 2,186 1,662
Net (loss) income (57,382) 16,743
Net income attributable to redeemable noncontrolling interests 0 0
Net (loss) income attributable to RenaissanceRe (57,382) 16,743
Dividends on preference shares 0 0
Net (loss) income (attributable) available to RenaissanceRe common shareholders (57,382) 16,743
Reportable Legal Entities | RenaissanceRe Holdings Ltd. (Parent Guarantor)    
Revenues    
Net premiums earned 0 0
Net investment income 10,488 8,277
Net foreign exchange losses (7,330) (1)
Equity in earnings of other ventures 0 0
Other (loss) income 372 0
Net realized and unrealized (losses) gains on investments (21,118) 1,002
Total revenues (17,588) 9,278
Expenses    
Net claims and claim expenses incurred 0 0
Acquisition expenses 0 0
Operational expenses 2,732 469
Corporate expenses 8,679 38,828
Interest expense 3,828 1,883
Total expenses 15,239 41,180
(Loss) income before equity in net (loss) income of subsidiaries and taxes (32,827) (31,902)
Equity in net (loss) income of subsidiaries (39,673) 314,887
Income before taxes (72,500) 282,985
Income tax (expense) benefit (418) (79)
Net (loss) income (72,918) 282,906
Net income attributable to redeemable noncontrolling interests 0 0
Net (loss) income attributable to RenaissanceRe (72,918) 282,906
Dividends on preference shares (9,056) (9,189)
Net (loss) income (attributable) available to RenaissanceRe common shareholders (81,974) 273,717
Reportable Legal Entities | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-Guarantor Subsidiaries)    
Revenues    
Net premiums earned 913,098 550,028
Net investment income 98,542 80,559
Net foreign exchange losses 1,602 (2,845)
Equity in earnings of other ventures 4,175 3,696
Other (loss) income 11,073 3,171
Net realized and unrealized (losses) gains on investments (89,705) 168,902
Total revenues 938,785 803,511
Expenses    
Net claims and claim expenses incurred 570,954 227,035
Acquisition expenses 210,604 123,951
Operational expenses 62,919 42,620
Corporate expenses 7,312 (1,922)
Interest expense 11,517 619
Total expenses 863,306 392,303
(Loss) income before equity in net (loss) income of subsidiaries and taxes 75,479 411,208
Equity in net (loss) income of subsidiaries 16,639 828
Income before taxes 92,118 412,036
Income tax (expense) benefit 7,078 (9,114)
Net (loss) income 99,196 402,922
Net income attributable to redeemable noncontrolling interests (98,091) (70,222)
Net (loss) income attributable to RenaissanceRe 1,105 332,700
Dividends on preference shares 0 0
Net (loss) income (attributable) available to RenaissanceRe common shareholders 1,105 332,700
Consolidating Adjustments    
Revenues    
Net premiums earned 0 0
Net investment income (10,440) (8,802)
Net foreign exchange losses 0 0
Equity in earnings of other ventures 0 0
Other (loss) income (15,881) 0
Net realized and unrealized (losses) gains on investments 0 0
Total revenues (26,321) (8,802)
Expenses    
Net claims and claim expenses incurred 0 0
Acquisition expenses 0 0
Operational expenses (15,508) (10,489)
Corporate expenses 0 1,883
Interest expense (10,387) 0
Total expenses (25,895) (8,606)
(Loss) income before equity in net (loss) income of subsidiaries and taxes (426) (196)
Equity in net (loss) income of subsidiaries 56,703 (349,247)
Income before taxes 56,277 (349,443)
Income tax (expense) benefit 0 0
Net (loss) income 56,277 (349,443)
Net income attributable to redeemable noncontrolling interests 0 0
Net (loss) income attributable to RenaissanceRe 56,277 (349,443)
Dividends on preference shares 0 0
Net (loss) income (attributable) available to RenaissanceRe common shareholders $ 56,277 $ (349,443)