Statutory Requirements (Tables)

12 Months Ended

Dec. 31, 2017

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)				U.S.				U.K. (2) (3)
At December 31,	2017		2016		2017		2016		2017		2016
Statutory capital and surplus	$	4,155,440	$	4,212,374	$	523,384	$	523,340	$	527,325	$	491,213
Required statutory capital and surplus	824,545		788,437		306,375		221,023		527,325		491,213
Unrestricted net assets	790,177		867,624		24,109		25,375		—		—


(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)

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.


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




	Statutory Net (Loss) Income
	Bermuda			U.S.			U.K.
Year ended December 31, 2017	$	(334,142	)	$	(3,627	)	$	(57,050	)
Year ended December 31, 2016	625,371			43,292			28,007
Year ended December 31, 2015	355,132			58,752			1,627