RenaissanceRe Holdings Ltd. (RNR) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,5543,6942,3531,7908,4806,2956,262
Cash and cash equivalents1,3791,1081,362421507526408
Short-term investments16,1752,5879921,3687,9735,7705,854
Total current assets:17,5543,6942,3531,7908,4806,2956,262
Noncurrent Assets
Operating lease, right-of-use asset43
Long-term investments and receivables1,194115102124132121106
Long-term investments1,194115102124132121106
Intangible assets, net (including goodwill), including:26223724325126588
Intangible assets, net (excluding goodwill)66575465831519
Other undisclosed intangible assets, net (including goodwill)196180189186182(7)(11)
Regulated entity, other noncurrent assets   7201
Total noncurrent assets:1,499353345382400129114
Other undisclosed assets7,27714,62912,52810,1802,6811,7791,803
TOTAL ASSETS:26,33018,67615,22612,35211,5618,2048,179
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities17,28711,5799,5386,3105,7833,2063,175
Total liabilities:17,28711,5799,5386,3105,7833,2063,175
Temporary equity, carrying amount3,0712,0521,2971,1761,0461,1321,100
Stockholders' equity
Stockholders' equity attributable to parent5,9715,0454,3914,8674,7323,8663,904
Preferred stock650650400400400400400
Common stock44424041443844
Additional paid in capital56829637217508  
Accumulated other comprehensive income (loss)(2)(1)01234
Retained earnings4,7114,0583,9144,2083,7793,4243,457
Total stockholders' equity:5,9715,0454,3914,8674,7323,8663,904
TOTAL LIABILITIES AND EQUITY:26,33018,67615,22612,35211,5618,2048,179

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,2022,0752,1041,7281,5151,2601,380
Premiums earned, net3,3381,976
Net investment income424262222182153124208
Financial services revenue1,7181,4031,4011,0621,115
Cost of revenue(2,859)(1,553)(2,208)(820)(687)(342)(171)
Policyholder benefits and claims incurred, net(2,097)(1,120)
Deferred policy acquisition costs, amortization expense(762)(433)(347)(289)(239)(144)126
Financial services costs(1,861)(531)(448)(198)(171)
Gross profit:1,343522(105)9088289181,209
Operating expenses(317)(178)(161)(198)(219)(191)(225)
Other operating expense, net     (0)(2)
Operating income (loss):1,026344(265)710609727982
Nonoperating income (expense)     36(2)
Investment income, nonoperating     30(4)
Foreign currency transaction gain, before tax     62
Interest and debt expense(58)(47)(44)(42)(36)(17)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes (34)(19)(37) (59)(121)
Income (loss) from continuing operations before equity method investments, income taxes:967263(328)630573687841
Income from equity method investments    202623
Other undisclosed loss from continuing operations before income taxes    (98)(26)(23)
Income (loss) from continuing operations before income taxes:967263(328)630496687841
Income tax expense (benefit)(17)6(26)(0)46(1)(2)
Income (loss) from continuing operations:950269(355)630542686839
Income from discontinued operations      2
Net income (loss):950269(355)630542686842
Net income (loss) attributable to noncontrolling interest(201)(42)132(127)(111)(154)(151)
Net income (loss) attributable to parent:749227(222)503431533691
Other undisclosed net loss available to common stockholders, basic(37)(30)(22)(22)(22)(22)(25)
Net income (loss) available to common stockholders, diluted:712197(245)481409510666

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):950269(355)630542686842
Other undisclosed comprehensive loss(1)(2)(1)(1)(1)(1)(9)
Comprehensive income (loss):950267(356)629541686832
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(201)(42)132(127)(111)(154)151
Other undisclosed comprehensive loss, net of tax, attributable to parent      (302)
Comprehensive income (loss), net of tax, attributable to parent:748226(223)502430532681

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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