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 millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,84021,21120,94017,5543,6942,353
Cash and cash equivalents1,1941,8591,7371,3791,1081,362
Short-term investments19,64619,35219,20316,1752,587992
Total current assets:20,84021,21120,94017,5543,6942,353
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 17   
Operating lease, right-of-use asset 67 3043
Long-term investments and receivables2,5752,0911,3551,194115102
Long-term investments2,5752,0911,3551,194115102
Intangible assets, net (including goodwill), including:238243250262237243
Intangible assets, net (excluding goodwill) 354151665754
Other undisclosed intangible assets, net (including goodwill)203202199196180189
Total noncurrent assets:2,8962,3351,6351,499353345
Other undisclosed assets12,81710,4148,2467,27714,62912,528
TOTAL ASSETS:36,55333,96030,82126,33018,67615,226
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities26,69223,78119,87217,28711,5799,538
Total liabilities:26,69223,78119,87217,28711,5799,538
Temporary equity, carrying amount4,5353,5543,3883,0712,0521,297
Equity
Equity, attributable to parent5,3256,6247,5605,9715,0454,391
Preferred stock750750525650650400
Common stock444451444240
Additional paid in capital4766081,62356829637
Accumulated other comprehensive income (loss)(15)(11)(13)(2)(1)0
Retained earnings4,0715,2335,3744,7114,0583,914
Total equity:5,3256,6247,5605,9715,0454,391
TOTAL LIABILITIES AND EQUITY:36,55333,96030,82126,33018,67615,226

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,0605,2785,1724,2022,0752,104
Premiums earned, net6,3345,1943,9523,3381,976
Financial services revenue1,718
Cost of revenue(5,907)(5,091)(3,822)(2,859)(1,553)(2,208)
Policyholder benefits and claims incurred, net(4,339)(3,876)(2,925)(2,097)(1,120)
Deferred policy acquisition costs, amortization expense(1,569)(1,215)(898)(762)(433)(347)
Financial services costs(1,861)
Gross profit:(847)1871,3501,343522(105)
Operating expenses(323)(253)(304)(317)(178)(161)
Operating income (loss):(1,171)(67)1,0461,026344(265)
Interest and debt expense(48)(48)(50)(58)(47)(44)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (34)(19)
Income (loss) from continuing operations before income taxes:(1,219)(114)996967263(328)
Income tax expense (benefit)5911(3)(17)6(26)
Income (loss) from continuing operations:(1,160)(103)993950269(355)
Income (loss) before gain (loss) on sale of properties:(103)993950269(355)
Net income (loss):(1,160)(103)993950269(355)
Net income (loss) attributable to noncontrolling interest9963(231)(201)(42)132
Net income (loss) attributable to parent:(1,061)(40)762749227(222)
Other undisclosed net loss available to common stockholders, basic(35)(33)(31)(37)(30)(22)
Net income (loss) available to common stockholders, diluted:(1,097)(73)731712197(245)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,160)(103)993950269(355)
Other undisclosed comprehensive income (loss)(5)2(11)(1)(2)(1)
Comprehensive income (loss):(1,164)(102)982950267(356)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest9963(231)(201)(42)132
Comprehensive income (loss), net of tax, attributable to parent:(1,066)(38)752748226(223)

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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