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Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Gross premiums written $ 640,269 $ 430,224 $ 2,389,774 $ 2,051,485
Net premiums written 483,221 284,222 1,583,102 1,315,813
Decrease (increase) in unearned premiums 64,571 62,299 (287,000) (264,284)
Net premiums earned 547,792 346,521 1,296,102 1,051,529
Net investment income 40,257 51,423 148,745 134,410
Net foreign exchange (losses) gains (156) (5,986) 11,118 (8,368)
Equity in earnings (losses) of other ventures 1,794 (11,630) 5,830 (3,997)
Other income 2,996 2,268 7,053 9,001
Net realized and unrealized gains on investments 42,052 59,870 143,538 191,295
Total revenues 634,735 442,466 1,612,386 1,373,870
Expenses        
Net claims and claim expenses incurred 1,221,696 112,575 1,557,364 406,930
Acquisition expenses 76,761 80,580 248,294 215,177
Operational expenses 42,537 40,493 131,586 147,801
Corporate expenses 4,413 11,537 14,335 25,514
Interest expense 11,799 10,536 32,416 31,610
Total expenses 1,357,206 255,721 1,983,995 827,032
(Loss) income before taxes (722,471) 186,745 (371,609) 546,838
Income tax benefit (expense) 18,977 1,316 14,739 (8,040)
Net (loss) income (703,494) 188,061 (356,870) 538,798
Net loss (income) attributable to redeemable noncontrolling interests 204,277 (35,641) 132,338 (110,867)
Net (loss) income attributable to RenaissanceRe (499,217) 152,420 (224,532) 427,931
Dividends on preference shares (5,595) (5,595) (16,786) (16,786)
Net (loss) income (attributable) available to RenaissanceRe common shareholders $ (504,812) $ 146,825 $ (241,318) $ 411,145
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ (12.75) $ 3.58 $ (6.04) $ 9.77
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – diluted (in dollars per share) (12.75) 3.56 (6.04) 9.71
Dividends per common share (in dollars per share) $ 0.32 $ 0.31 $ 0.96 $ 0.93