RenaissanceRe Holdings Ltd. (RNR) Financial Statements (2024 and earlier)

Company Profile

Business Address RENAISSANCE HOUSE
PEMBROKE, HM19
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,299,52621,487,78120,840,07119,761,69219,605,69220,150,689
Cash and cash equivalents943,9351,063,7071,194,3391,204,2411,398,0951,563,056
Short-term investments22,355,59120,424,07419,645,73218,557,45118,207,59718,587,633
Total current assets:23,299,52621,487,78120,840,07119,761,69219,605,69220,150,689
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   17,100   
Operating lease, right-of-use asset   66,600   
Long-term investments and receivables3,181,1912,785,3862,574,7042,335,6992,390,2112,263,585
Long-term investments3,181,1912,785,3862,574,7042,335,6992,390,2112,263,585
Intangible assets, net (including goodwill), including:235,218236,517237,828239,187240,647242,116
Intangible assets, net (excluding goodwill)   34,800   
Other undisclosed intangible assets, net (including goodwill)235,218236,517203,028239,187240,647242,116
Total noncurrent assets:3,416,4093,021,9032,896,2322,574,8862,630,8582,505,701
Other undisclosed assets14,683,98013,760,64312,816,57513,599,25712,797,84712,191,689
TOTAL ASSETS:41,399,91538,270,32736,552,87835,935,83535,034,39734,848,079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities28,320,84027,047,40626,692,21526,879,00324,942,94124,767,224
Total liabilities:28,320,84027,047,40626,692,21526,879,00324,942,94124,767,224
Temporary equity, carrying amount5,676,2625,357,3864,535,3894,174,9604,352,7973,963,895
Equity
Equity, attributable to parent7,402,8135,865,5355,325,2744,881,8725,738,6596,116,960
Preferred stock750,000750,000750,000750,000750,000750,000
Common stock51,18243,93243,71843,70243,88144,193
Additional paid in capital1,825,215467,623475,647465,565479,085513,631
Accumulated other comprehensive loss(14,050)(14,838)(15,462)(16,773)(15,168)(12,834)
Retained earnings4,790,4664,618,8184,071,3713,639,3784,480,8614,821,970
Total equity:7,402,8135,865,5355,325,2744,881,8725,738,6596,116,960
TOTAL LIABILITIES AND EQUITY:41,399,91538,270,32736,552,87835,935,83535,034,39734,848,079

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,853,2312,205,1002,030,5201,286,504866,972876,416
Premiums earned, net1,785,2621,680,5501,624,1601,767,0211,456,3831,486,425
Net investment income292,662254,378211,237157,793107,21183,691
Cost of revenue(1,353,756)(1,233,457)(1,236,154)(2,385,575)(1,067,477)(1,218,240)
Policyholder benefits and claims incurred, net(931,211)(801,200)(822,937)(1,967,931)(706,239)(841,733)
Deferred policy acquisition costs, amortization expense(422,545)(432,257)(413,217)(417,644)(361,238)(376,507)
Gross profit:499,475971,643794,366(1,099,071)(200,505)(341,824)
Operating expenses(103,862)(90,317)(83,241)(74,944)(84,872)(80,409)
Operating income (loss):395,613881,326711,125(1,174,015)(285,377)(422,233)
Interest and debt expense(14,895)(12,134)(12,384)(12,101)(11,895)(11,955)
Income (loss) from continuing operations before income taxes:380,718869,192698,741(1,186,116)(297,272)(434,188)
Income tax expense (benefit)(5,942)(28,902)(5,408)(2,814)30,53436,707
Income (loss) from continuing operations:374,776840,290693,333(1,188,930)(266,738)(397,481)
Loss before gain (loss) on sale of properties:(1,188,930)(266,738)(397,481)
Net income (loss):374,776840,290693,333(1,188,930)(266,738)(397,481)
Net income (loss) attributable to noncontrolling interest(174,907)(267,384)(236,397)372,429(49,331)11,912
Net income (loss) attributable to parent:199,869572,906456,936(816,501)(316,069)(385,569)
Other undisclosed net loss available to common stockholders, basic(8,844)(8,844)(8,844)(8,843)(8,844)(8,844)
Net income (loss) available to common stockholders, diluted:191,025564,062448,092(825,344)(324,913)(394,413)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):374,776840,290693,333(1,188,930)(266,738)(397,481)
Other undisclosed comprehensive income (loss)7886241,311(1,605)(2,334)(1,925)
Comprehensive income (loss):375,564840,914694,644(1,190,535)(269,072)(399,406)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(174,907)(267,384)(236,397)372,429(49,331)11,912
Comprehensive income (loss), net of tax, attributable to parent:200,657573,530458,247(818,106)(318,403)(387,494)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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