v3.26.1
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are defined as follows: (1) Property, which is comprised of catastrophe and other property (re)insurance written on behalf of the Company’s consolidated operating subsidiaries, joint ventures and managed funds, and (2) Casualty and Specialty, which is comprised of casualty and specialty (re)insurance written on behalf of the Company’s consolidated operating subsidiaries, joint ventures and managed funds. In addition to its reportable segments, the Company has an Other category, which primarily includes its investments unit, strategic investments, corporate expenses, certain expenses related to acquisitions and dispositions, capital servicing costs, income tax benefit (expense) and noncontrolling interests.
The Company’s reportable segments each have executive leadership who are responsible for the overall performance of their respective segments and who are directly accountable to the Company’s chief operating decision maker (“CODM”), the Chief Executive Officer of RenaissanceRe, who is ultimately responsible for reviewing the business to assess performance, making operating decisions and allocating resources. The Company reports the results of its operations consistent with the manner in which the CODM reviews the business.
The Company does not manage its assets by segment; accordingly, net investment income and total assets are not allocated to the segments.
A summary of the significant components of the Company’s revenues and expenses by segment is as follows:
Three months ended June 30, 2026PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$1,551,685 $1,442,739 $— $2,994,424 
Net premiums written$1,203,424 $1,073,536 $— $2,276,960 
Net premiums earned$881,611 $1,317,910 $— $2,199,521 
Net claims and claim expenses incurred(7,079)949,457 — 942,378 
Acquisition expenses175,436 387,843 — 563,279 
Operational expenses70,579 24,168 — 94,747 
Underwriting income (loss)$642,675 $(43,558)$— 599,117 
Net investment income432,489 432,489 
Net foreign exchange gains (losses)(7,345)(7,345)
Equity in earnings (losses) of other ventures17,829 17,829 
Other income (loss)4,479 4,479 
Net realized and unrealized gains (losses) on investments121,628 121,628 
Corporate expenses(18,681)(18,681)
Interest expense(31,778)(31,778)
Income (loss) before taxes1,117,738 
Income tax benefit (expense)(139,400)(139,400)
Net (income) loss attributable to redeemable noncontrolling interests(315,260)(315,260)
Dividends on preference shares(8,844)(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$654,234 
Net claims and claim expenses incurred – current accident year$250,393 $891,410 $— $1,141,803 
Net claims and claim expenses incurred – prior accident years(257,472)58,047 — (199,425)
Net claims and claim expenses incurred – total$(7,079)$949,457 $— $942,378 
Net claims and claim expense ratio – current accident year28.4 %67.6 %51.9 %
Net claims and claim expense ratio – prior accident years(29.2)%4.4 %(9.1)%
Net claims and claim expense ratio – calendar year(0.8)%72.0 %42.8 %
Underwriting expense ratio27.9 %31.3 %30.0 %
Combined ratio27.1 %103.3 %72.8 %
Six months ended June 30, 2026PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$3,259,105 $3,214,192 $— $6,473,297 
Net premiums written$2,458,617 $2,496,639 $— $4,955,256 
Net premiums earned$1,782,349 $2,600,786 $— $4,383,135 
Net claims and claim expenses incurred77,029 1,849,320 — 1,926,349 
Acquisition expenses332,467 752,662 — 1,085,129 
Operational expenses136,315 47,467 — 183,782 
Underwriting income (loss)$1,236,538 $(48,663)$— 1,187,875 
Net investment income852,991 852,991 
Net foreign exchange gains (losses)(16,364)(16,364)
Equity in earnings (losses) of other ventures38,314 38,314 
Other income (loss)5,726 5,726 
Net realized and unrealized gains (losses) on investments(300,285)(300,285)
Corporate expenses(38,141)(38,141)
Interest expense(63,564)(63,564)
Income (loss) before taxes1,666,552 
Income tax benefit (expense)(172,384)(172,384)
Net (income) loss attributable to redeemable noncontrolling interests(537,711)(537,711)
Dividends on preference shares(17,688)(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$938,769 
Net claims and claim expenses incurred – current accident year$495,242 $1,792,547 $— $2,287,789 
Net claims and claim expenses incurred – prior accident years(418,213)56,773 — (361,440)
Net claims and claim expenses incurred – total$77,029 $1,849,320 $— $1,926,349 
Net claims and claim expense ratio – current accident year27.8 %68.9 %52.2 %
Net claims and claim expense ratio – prior accident years(23.5)%2.2 %(8.3)%
Net claims and claim expense ratio – calendar year4.3 %71.1 %43.9 %
Underwriting expense ratio26.3 %30.8 %29.0 %
Combined ratio30.6 %101.9 %72.9 %
Three months ended June 30, 2025PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$1,731,935 $1,689,245 $— $3,421,180 
Net premiums written$1,325,557 $1,444,713 $— $2,770,270 
Net premiums earned$868,010 $1,544,144 $— $2,412,154 
Net claims and claim expenses incurred(7,930)1,050,053 — 1,042,123 
Acquisition expenses174,200 468,405 — 642,605 
Operational expenses71,569 54,169 — 125,738 
Underwriting income (loss)$630,171 $(28,483)$— 601,688 
Net investment income413,108 413,108 
Net foreign exchange gains (losses)8,660 8,660 
Equity in earnings (losses) of other ventures20,333 20,333 
Other income (loss)2,624 2,624 
Net realized and unrealized gains (losses) on investments349,720 349,720 
Corporate expenses(23,781)(23,781)
Interest expense(31,793)(31,793)
Income (loss) before taxes1,340,559 
Income tax benefit (expense)(176,869)(176,869)
Net (income) loss attributable to redeemable noncontrolling interests(328,339)(328,339)
Dividends on preference shares(8,844)(8,844)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$826,507 
Net claims and claim expenses incurred – current accident year$258,646 $1,053,187 $— $1,311,833 
Net claims and claim expenses incurred – prior accident years(266,576)(3,134)— (269,710)
Net claims and claim expenses incurred – total$(7,930)$1,050,053 $— $1,042,123 
Net claims and claim expense ratio – current accident year29.8 %68.2 %54.4 %
Net claims and claim expense ratio – prior accident years(30.7)%(0.2)%(11.2)%
Net claims and claim expense ratio – calendar year(0.9)%68.0 %43.2 %
Underwriting expense ratio28.3 %33.8 %31.9 %
Combined ratio27.4 %101.8 %75.1 %
Six months ended June 30, 2025PropertyCasualty and SpecialtyOtherTotal
Gross premiums written$3,862,768 $3,713,915 $— $7,576,683 
Net premiums written$3,016,551 $3,197,248 $— $6,213,799 
Net premiums earned$2,115,960 $3,016,975 $— $5,132,935 
Net claims and claim expenses incurred1,615,327 2,170,554 — 3,785,881 
Acquisition expenses341,845 948,195 — 1,290,040 
Operational expenses135,835 90,088 — 225,923 
Underwriting income (loss)$22,953 $(191,862)$— (168,909)
Net investment income818,461 818,461 
Net foreign exchange gains (losses)1,332 1,332 
Equity in earnings (losses) of other ventures38,161 38,161 
Other income (loss)3,538 3,538 
Net realized and unrealized gains (losses) on investments682,660 682,660 
Corporate expenses(46,591)(46,591)
Interest expense(58,879)(58,879)
Income (loss) before taxes1,269,773 
Income tax benefit (expense)(131,344)(131,344)
Net (income) loss attributable to redeemable noncontrolling interests(133,087)(133,087)
Dividends on preference shares(17,688)(17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders$987,654 
Net claims and claim expenses incurred – current accident year$2,068,961 $2,182,504 $— $4,251,465 
Net claims and claim expenses incurred – prior accident years(453,634)(11,950)— (465,584)
Net claims and claim expenses incurred – total$1,615,327 $2,170,554 $— $3,785,881 
Net claims and claim expense ratio – current accident year97.8 %72.3 %82.8 %
Net claims and claim expense ratio – prior accident years(21.5)%(0.4)%(9.0)%
Net claims and claim expense ratio – calendar year76.3 %71.9 %73.8 %
Underwriting expense ratio22.6 %34.5 %29.5 %
Combined ratio98.9 %106.4 %103.3 %