RenaissanceRe Holdings Ltd. (RNR) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,94017,5543,6942,3531,7908,4806,295
Cash and cash equivalents1,7371,3791,1081,362421507526
Short-term investments19,20316,1752,5879921,3687,9735,770
Total current assets:20,94017,5543,6942,3531,7908,4806,295
Noncurrent Assets
Operating lease, right-of-use asset3043
Long-term investments and receivables1,3551,194115102124132121
Long-term investments1,3551,194115102124132121
Intangible assets, net (including goodwill), including:2502622372432512658
Intangible assets, net (excluding goodwill)51665754658315
Other undisclosed intangible assets, net (including goodwill)199196180189186182(7)
Regulated entity, other noncurrent assets    720
Total noncurrent assets:1,6351,499353345382400129
Other undisclosed assets8,2467,27714,62912,52810,1802,6811,779
TOTAL ASSETS:30,82126,33018,67615,22612,35211,5618,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities19,87217,28711,5799,5386,3105,7833,206
Total liabilities:19,87217,28711,5799,5386,3105,7833,206
Temporary equity, carrying amount3,3883,0712,0521,2971,1761,0461,132
Stockholders' equity
Stockholders' equity attributable to parent7,5605,9715,0454,3914,8674,7323,866
Preferred stock525650650400400400400
Common stock51444240414438
Additional paid in capital1,62356829637217508 
Accumulated other comprehensive income (loss)(13)(2)(1)0123
Retained earnings5,3744,7114,0583,9144,2083,7793,424
Total stockholders' equity:7,5605,9715,0454,3914,8674,7323,866
TOTAL LIABILITIES AND EQUITY:30,82126,33018,67615,22612,35211,5618,204

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,1724,2022,0752,1041,7281,5151,260
Premiums earned, net3,9523,3381,976
Financial services revenue1,7181,4031,4011,062
Cost of revenue(3,822)(2,859)(1,553)(2,208)(820)(687)(342)
Policyholder benefits and claims incurred, net(2,925)(2,097)(1,120)
Deferred policy acquisition costs, amortization expense(898)(762)(433)(347)(289)(239)(144)
Financial services costs(1,861)(531)(448)(198)
Gross profit:1,3501,343522(105)908828918
Operating expenses(304)(317)(178)(161)(198)(219)(191)
Other operating expense, net      (0)
Operating income (loss):1,0461,026344(265)710609727
Nonoperating income      36
Investment income, nonoperating      30
Foreign currency transaction gain, before tax      6
Interest and debt expense(50)(58)(47)(44)(42)(36)(17)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (34)(19)(37) (59)
Income (loss) from continuing operations before equity method investments, income taxes:996967263(328)630573687
Income from equity method investments     2026
Other undisclosed loss from continuing operations before income taxes     (98)(26)
Income (loss) from continuing operations before income taxes:996967263(328)630496687
Income tax expense (benefit)(3)(17)6(26)(0)46(1)
Net income (loss):993950269(355)630542686
Net income (loss) attributable to noncontrolling interest(231)(201)(42)132(127)(111)(154)
Net income (loss) attributable to parent:762749227(222)503431533
Other undisclosed net loss available to common stockholders, basic(31)(37)(30)(22)(22)(22)(22)
Net income (loss) available to common stockholders, diluted:731712197(245)481409510

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):993950269(355)630542686
Other undisclosed comprehensive loss(11)(1)(2)(1)(1)(1)(1)
Comprehensive income (loss):982950267(356)629541686
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(231)(201)(42)132(127)(111)(154)
Comprehensive income (loss), net of tax, attributable to parent:752748226(223)502430532

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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