v3.25.4
STATUTORY REQUIREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Schedule of Actual and Required Statutory Capital and Surplus
The following table summarizes the statutory capital and surplus and required minimum statutory capital and surplus of the Company’s primary regulated insurance operations in its most significant regulatory jurisdictions:
Bermuda (1)
Switzerland (2)
U.K. (3)
U.S. (4)
At December 31,20252024202520242025202420252024
Statutory capital and surplus
$13,964,117 $12,241,253 $1,640,000 $1,606,000 $911,990 $952,309 $1,301,880 $1,260,230 
Required statutory capital and surplus
$2,784,207 $2,669,916 $987,000 $862,000 $911,990 $952,309 $965,475 $965,631 
(1)Includes Renaissance Reinsurance, DaVinci Reinsurance, RenaissanceRe Specialty U.S., Vermeer, Fontana and Validus Re (which was acquired in on November 1, 2023). The Company’s primary Bermuda-domiciled insurance subsidiaries’ required statutory capital and surplus is based on the minimum solvency margin. On October 1, 2024, Renaissance Reinsurance and Validus Re were amalgamated.
(2)Includes RREAG and its branches in Australia, Bermuda, the U.K. and the U.S., and Validus Reinsurance (Switzerland) Ltd (“Validus Switzerland”) (which was acquired on November 1, 2023) and its Bermuda Branch. On June 21, 2024, Validus Switzerland merged into RREAG.
(3)Includes Syndicate 1458. With respect to statutory capital and surplus and required statutory capital and surplus, 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 FAL. Syndicate 1458 is capitalized by its FAL, with the related assets not held on its balance sheet.
(4)Includes Renaissance Reinsurance U.S.
Schedule of Statutory Net (Loss) Income
The following table summarizes the statutory net income (loss) of the Company’s primary regulated insurance operations in its most significant regulatory jurisdictions:
Statutory Net Income (Loss)
Bermuda (1)
Switzerland (2)
U.K. (3)
U.S. (4)
Year ended December 31, 2025
$2,759,822 $357,358 $198,512 $42,277 
Year ended December 31, 2024
$2,703,081 $411,526 $89,169 $(85,250)
Year ended December 31, 2023
$2,699,083 $225,751 $158,258 $(17,618)
(1)Includes Renaissance Reinsurance, DaVinci Reinsurance, RenaissanceRe Specialty U.S., Vermeer, Fontana and Validus Re (which was acquired in on November 1, 2023). On October 1, 2024, Renaissance Reinsurance and Validus Re were amalgamated.
(2)Includes RREAG and its branches in Australia, Bermuda, the U.K. and the U.S., and Validus Switzerland and its Bermuda Branch (which was acquired on November 1, 2023). On June 21, 2024 Validus Switzerland merged into RREAG.
(3)Includes Syndicate 1458.
(4)Includes Renaissance Reinsurance U.S.
Schedule of Reinsurance Trusts
The following table summarizes the assets held under trust and minimum amount required with respect to the MBRTs:
At December 31.20252024
Assets Held Under Trust
Minimum Amount Required
Assets Held Under Trust
Minimum Amount Required
RREAG (1)
$1,395,468 $1,184,741 $1,463,275 $1,312,796 
Renaissance Reinsurance (2)
$581,595 $413,673 $954,114 $554,119 
DaVinci Reinsurance$60,634 $32,421 $179,849 $47,179 
(1)RREAG and Validus Switzerland merged on June 21, 2024, with RREAG being the successor to the MBRTs held by Validus Switzerland.
(2)Renaissance Reinsurance and Validus Re amalgamated on October 1, 2024, with Renaissance Reinsurance being the successor to the MBRTs held by Validus Re.
The following table summarizes the assets held under trust and minimum amount required with respect to the reduced collateral reinsurance trusts:
At December 31.20252024
Assets Held Under Trust
Minimum Amount Required
Assets Held Under Trust
Minimum Amount Required
Renaissance Reinsurance$88,334 $62,796 $187,742 $83,622 
RREAG$67,692 $53,647 $101,252 $67,671 
DaVinci Reinsurance$59,617 $50,850 $220,542 $73,210