v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Gross premiums written (Note 5) $ 2,994,424 $ 3,421,180 $ 6,473,297 $ 7,576,683
Net premiums written (Note 5) 2,276,960 2,770,270 4,955,256 6,213,799
Decrease (increase) in unearned premiums (77,439) (358,116) (572,121) (1,080,864)
Net premiums earned (Note 5) 2,199,521 2,412,154 4,383,135 5,132,935
Net investment income (Note 3) 432,489 413,108 852,991 818,461
Net foreign exchange gains (losses) (7,345) 8,660 (16,364) 1,332
Equity in earnings (losses) of other ventures 17,829 20,333 38,314 38,161
Other income (loss) 4,479 2,624 5,726 3,538
Net realized and unrealized gains (losses) on investments (Note 3) 121,628 349,720 (300,285) 682,660
Total revenues 2,768,601 3,206,599 4,963,517 6,677,087
Expenses        
Net claims and claim expenses incurred (Notes 5 and 6) 942,378 1,042,123 1,926,349 3,785,881
Acquisition expenses 563,279 642,605 1,085,129 1,290,040
Operational expenses 94,747 125,738 183,782 225,923
Corporate expenses 18,681 23,781 38,141 46,591
Interest expense (Note 7) 31,778 31,793 63,564 58,879
Total expenses 1,650,863 1,866,040 3,296,965 5,407,314
Income (loss) before taxes 1,117,738 1,340,559 1,666,552 1,269,773
Income tax benefit (expense) (139,400) (176,869) (172,384) (131,344)
Net income (loss) 978,338 1,163,690 1,494,168 1,138,429
Net (income) loss attributable to redeemable noncontrolling interests (Note 8) (315,260) (328,339) (537,711) (133,087)
Net income (loss) attributable to RenaissanceRe 663,078 835,351 956,457 1,005,342
Dividends on preference shares (Note 10) (8,844) (8,844) (17,688) (17,688)
Net income (loss) available (attributable) to RenaissanceRe common shareholders $ 654,234 $ 826,507 $ 938,769 $ 987,654
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – basic (in dollars per share) $ 15.54 $ 17.25 $ 22.03 $ 20.37
Net income (loss) available (attributable) to RenaissanceRe common shareholders per common share – diluted (in dollars per share) $ 15.48 $ 17.20 $ 21.94 $ 20.30