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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Gross premiums written $ 2,790,261 $ 2,942,964
Net premiums written 2,263,703 2,165,217
Decrease (increase) in unearned premiums (583,153) (678,792)
Net premiums earned 1,680,550 1,486,425
Net investment income 254,378 83,691
Net foreign exchange gains (losses) (14,503) (15,486)
Equity in earnings (losses) of other ventures 9,530 (6,390)
Other income (loss) (4,306) 1,193
Net realized and unrealized gains (losses) on investments 279,451 (673,017)
Total revenues 2,205,100 876,416
Expenses    
Net claims and claim expenses incurred 801,200 841,733
Acquisition expenses 432,257 376,507
Operational expenses 77,474 67,907
Corporate expenses 12,843 12,502
Interest expense 12,134 11,955
Total expenses 1,335,908 1,310,604
Income (loss) before taxes 869,192 (434,188)
Income tax benefit (expense) (28,902) 36,707
Net income (loss) 840,290 (397,481)
Net (income) loss attributable to redeemable noncontrolling interests (267,384) 11,912
Net income (loss) attributable to RenaissanceRe 572,906 (385,569)
Dividends on preference shares (8,844) (8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 564,062 $ (394,413)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 12.95 $ (9.10)
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) 12.91 (9.10)
Dividends per common share (in dollars per share) $ 0.38 $ 0.37