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SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,618,443 $ 2,220,661 $ 7,060,325 $ 7,628,264
Net premiums written 1,421,260 1,821,711 5,880,766 5,850,544
Net premiums earned 1,755,876 1,767,021 5,221,688 4,709,829
Net claims and claim expenses incurred 861,576 1,967,931 2,593,987 3,515,903
Acquisition expenses 425,745 417,644 1,280,547 1,155,389
Operational expenses 82,751 64,560 240,716 204,987
Underwriting income (loss) 385,804 (683,114) 1,106,438 (166,450)
Net investment income 329,108 157,793 876,148 348,695
Net foreign exchange gains (losses) (25,886) (1,383) (53,877) (67,690)
Equity in earnings of other ventures 10,842 1,739 28,072 2,732
Other income (loss) (5,866) 2,834 (6,296) 4,950
Net realized and unrealized gains (losses) on investments (228,087) (641,500) (171,417) (1,968,624)
Corporate expenses (17,143) (10,384) (53,357) (35,238)
Interest expense (22,951) (12,101) (49,980) (35,951)
Income (loss) before taxes 425,821 (1,186,116) 1,675,731 (1,917,576)
Income tax benefit (expense) (9,295) (2,814) (44,139) 64,427
Net (income) loss attributable to redeemable noncontrolling interests (213,695) 372,429 (655,986) 335,010
Dividends on preference shares (8,843) (8,843) (26,531) (26,531)
Net income (loss) available (attributable) to RenaissanceRe common shareholders 193,988 (825,344) 949,075 (1,544,670)
Net income (loss) available (attributable) to RenaissanceRe common shareholders, diluted 193,988 (825,344) 949,075 (1,544,670)
Net claims and claim expenses incurred – current accident year 1,019,523 1,999,837 2,888,784 3,608,599
Net claims and claim expenses incurred – prior accident years (157,947) (31,906) (294,797) (92,696)
Total net incurred $ 861,576 $ 1,967,931 $ 2,593,987 $ 3,515,903
Net claims and claim expense ratio – current accident year 58.10% 113.20% 55.30% 76.60%
Net claims and claim expense ratio – prior accident years (9.00%) (1.80%) (5.60%) (1.90%)
Net claims and claim expense ratio – calendar year 49.10% 111.40% 49.70% 74.70%
Underwriting expense ratio 28.90% 27.30% 29.10% 28.90%
Combined ratio 78.00% 138.70% 78.80% 103.60%
Other        
Segment Reporting Information [Line Items]        
Gross premiums written $ 0 $ 0 $ 0 $ 0
Net premiums written 0 0 0 0
Net premiums earned 0 0 0 0
Net claims and claim expenses incurred 0 0 0 0
Acquisition expenses 0 0 0 0
Operational expenses 0 0 0 0
Underwriting income (loss) 0 0 0 0
Net investment income 329,108 157,793 876,148 348,695
Net foreign exchange gains (losses) (25,886) (1,383) (53,877) (67,690)
Equity in earnings of other ventures 10,842 1,739 28,072 2,732
Other income (loss) (5,866) 2,834 (6,296) 4,950
Net realized and unrealized gains (losses) on investments (228,087) (641,500) (171,417) (1,968,624)
Corporate expenses (17,143) (10,384) (53,357) (35,238)
Interest expense (22,951) (12,101) (49,980) (35,951)
Income tax benefit (expense) (9,295) (2,814) (44,139) 64,427
Net (income) loss attributable to redeemable noncontrolling interests (213,695) 372,429 (655,986) 335,010
Dividends on preference shares (8,843) (8,843) (26,531) (26,531)
Net claims and claim expenses incurred – current accident year 0 0 0 0
Net claims and claim expenses incurred – prior accident years 0 0 0 0
Total net incurred 0 0 0 0
Property        
Segment Reporting Information [Line Items]        
Net claims and claim expenses incurred – prior accident years     (257,209) (76,069)
Property | Operating Segments        
Segment Reporting Information [Line Items]        
Gross premiums written 511,012 800,330 3,217,817 3,362,159
Net premiums written 444,872 696,520 2,609,356 2,474,661
Net premiums earned 760,365 839,817 2,206,471 2,081,989
Net claims and claim expenses incurred 206,361 1,372,583 675,963 1,804,268
Acquisition expenses 143,348 141,675 429,273 406,338
Operational expenses 54,624 48,158 165,514 144,717
Underwriting income (loss) 356,032 (722,599) 935,721 (273,334)
Net claims and claim expenses incurred – current accident year 350,238 1,396,842 933,172 1,880,337
Net claims and claim expenses incurred – prior accident years (143,877) (24,259) (257,209) (76,069)
Total net incurred $ 206,361 $ 1,372,583 $ 675,963 $ 1,804,268
Net claims and claim expense ratio – current accident year 46.10% 166.30% 42.30% 90.30%
Net claims and claim expense ratio – prior accident years (19.00%) (2.90%) (11.70%) (3.60%)
Net claims and claim expense ratio – calendar year 27.10% 163.40% 30.60% 86.70%
Underwriting expense ratio 26.10% 22.60% 27.00% 26.40%
Combined ratio 53.20% 186.00% 57.60% 113.10%
Casualty and Specialty        
Segment Reporting Information [Line Items]        
Net claims and claim expenses incurred – prior accident years     $ (37,588) $ (16,627)
Casualty and Specialty | Operating Segments        
Segment Reporting Information [Line Items]        
Gross premiums written $ 1,107,431 $ 1,420,331 3,842,508 4,266,105
Net premiums written 976,388 1,125,191 3,271,410 3,375,883
Net premiums earned 995,511 927,204 3,015,217 2,627,840
Net claims and claim expenses incurred 655,215 595,348 1,918,024 1,711,635
Acquisition expenses 282,397 275,969 851,274 749,051
Operational expenses 28,127 16,402 75,202 60,270
Underwriting income (loss) 29,772 39,485 170,717 106,884
Net claims and claim expenses incurred – current accident year 669,285 602,995 1,955,612 1,728,262
Net claims and claim expenses incurred – prior accident years (14,070) (7,647) (37,588) (16,627)
Total net incurred $ 655,215 $ 595,348 $ 1,918,024 $ 1,711,635
Net claims and claim expense ratio – current accident year 67.20% 65.00% 64.90% 65.80%
Net claims and claim expense ratio – prior accident years (1.40%) (0.80%) (1.30%) (0.70%)
Net claims and claim expense ratio – calendar year 65.80% 64.20% 63.60% 65.10%
Underwriting expense ratio 31.20% 31.50% 30.70% 30.80%
Combined ratio 97.00% 95.70% 94.30% 95.90%