RenaissanceRe Holdings Ltd. (RNR) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,21120,94017,5543,6942,3531,7908,480
Cash and cash equivalents1,8591,7371,3791,1081,362421507
Short-term investments19,35219,20316,1752,5879921,3687,973
Total current assets:21,21120,94017,5543,6942,3531,7908,480
Noncurrent Assets
Operating lease, right-of-use asset 3043
Long-term investments and receivables2,0911,3551,194115102124132
Long-term investments2,0911,3551,194115102124132
Intangible assets, net (including goodwill), including:243250262237243251265
Intangible assets, net (excluding goodwill)41516657546583
Other undisclosed intangible assets, net (including goodwill)202199196180189186182
Regulated entity, other noncurrent assets     72
Total noncurrent assets:2,3351,6351,499353345382400
Other undisclosed assets10,4148,2467,27714,62912,52810,1802,681
TOTAL ASSETS:33,96030,82126,33018,67615,22612,35211,561
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities23,78119,87217,28711,5799,5386,3105,783
Total liabilities:23,78119,87217,28711,5799,5386,3105,783
Temporary equity, carrying amount3,5543,3883,0712,0521,2971,1761,046
Stockholders' equity
Stockholders' equity attributable to parent6,6247,5605,9715,0454,3914,8674,732
Preferred stock750525650650400400400
Common stock44514442404144
Additional paid in capital6081,62356829637217508
Accumulated other comprehensive income (loss)(11)(13)(2)(1)012
Retained earnings5,2335,3744,7114,0583,9144,2083,779
Total stockholders' equity:6,6247,5605,9715,0454,3914,8674,732
TOTAL LIABILITIES AND EQUITY:33,96030,82126,33018,67615,22612,35211,561

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,2785,1724,2022,0752,1041,7281,515
Premiums earned, net5,1943,9523,3381,976
Financial services revenue1,7181,4031,401
Cost of revenue(5,091)(3,822)(2,859)(1,553)(2,208)(820)(687)
Policyholder benefits and claims incurred, net(3,876)(2,925)(2,097)(1,120)
Deferred policy acquisition costs, amortization expense(1,215)(898)(762)(433)(347)(289)(239)
Financial services costs(1,861)(531)(448)
Gross profit:1871,3501,343522(105)908828
Operating expenses(253)(304)(317)(178)(161)(198)(219)
Operating income (loss):(67)1,0461,026344(265)710609
Interest and debt expense(48)(50)(58)(47)(44)(42)(36)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (34)(19)(37) 
Income (loss) from continuing operations before equity method investments, income taxes:(114)996967263(328)630573
Income from equity method investments      20
Other undisclosed loss from continuing operations before income taxes      (98)
Income (loss) from continuing operations before income taxes:(114)996967263(328)630496
Income tax expense (benefit)11(3)(17)6(26)(0)46
Net income (loss):(103)993950269(355)630542
Net income (loss) attributable to noncontrolling interest63(231)(201)(42)132(127)(111)
Net income (loss) attributable to parent:(40)762749227(222)503431
Other undisclosed net loss available to common stockholders, basic(33)(31)(37)(30)(22)(22)(22)
Net income (loss) available to common stockholders, diluted:(73)731712197(245)481409

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(103)993950269(355)630542
Other undisclosed comprehensive income (loss)2(11)(1)(2)(1)(1)(1)
Comprehensive income (loss):(102)982950267(356)629541
Comprehensive income (loss), net of tax, attributable to noncontrolling interest63(231)(201)(42)132(127)(111)
Comprehensive income (loss), net of tax, attributable to parent:(38)752748226(223)502430

Statements sources

The financial statements are based on the company's filings with the 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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