RENAISSANCERE HOLDINGS LTD RNR Income Statement

Renaissancere holdings ltd (RNR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Gross premiums written
2,025,721	905,479	861,068	1,476,908	1,564,295	547,755	625,677	977,343	1,159,652	407,766	640,269	827,415	922,090	323,091	430,224	759,128	862,133	336,093	369,642	661,997	643,578	132,780	200,992	511,540	705,260	84,122	182,649	703,223	635,418	83,745	136,359	667,336	664,151	42,970	139,938	641,563	610,505	31,201	111,543	506,540	516,011	202,413	855,172
Premiums Written, Net
1,269,808	725,367	704,130	1,022,965	929,031	411,094	453,255	604,509	663,044	288,223	483,221	555,745	544,136	219,499	284,222	519,916	511,675	236,651	266,820	508,677	404,035	111,769	159,713	346,407	450,347	80,784	127,241	559,109	436,813	77,417	105,035	427,630	492,575	29,193	103,010	427,995	452,575	30,165	82,307	329,334	407,159	75,098	631,370
Increase in unearned premiums
-356,710	244,758	202,618	-111,463	-379,003	163,519	78,594	-175,124	-222,762	133,250	64,571	-173,480	-178,091	132,402	62,299	-168,514	-158,069	124,924	95,568	-128,849	-107,275	144,718	99,266	-85,991	-163,813	175,981	167,476	-267,220	-165,558	206,234	157,588	-183,214	-213,910	169,916	126,214	-210,820	-147,034	159,577	130,048	-117,163	-156,506	220,915	-251,553
Premiums Earned, Net
913,098	970,125	906,748	911,502	550,028	574,613	531,849	429,385	440,282	421,473	547,792	382,265	366,045	351,901	346,521	351,402	353,606	361,575	362,388	379,828	296,760	256,487	258,979	260,416	286,534	256,765	294,717	291,889	271,255	283,651	262,623	244,416	278,665	199,109	229,224	217,175	305,541	189,742	212,355	212,171	250,653	296,013	379,817
Net Investment Income
99,473	112,695	113,844	115,832	82,094	53,338	80,696	71,356	56,476	73,464	40,257	54,163	54,325	47,316	51,423	54,124	28,863	45,918	28,338	38,604	39,707	25,886	24,941	34,541	38,948	78,732	59,931	26,163	43,202	39,000	46,135	17,648	62,942	52,331	-27,940	33,328	60,281	52,503	59,570	26,173	65,709	106,815	114,293
Foreign Currency Transaction Gain (Loss), before Tax
-5,728	-1,126	-8,275	9,309	-2,846	-932	-4,566	-10,687	3,757	-490	-156	3,109	8,165	-5,420	-5,986	-690	-1,692	1,203	616	-1,740	-3,130	-107	5,036	2,392	-1,061	1,747	488	-932	614	1,851	3,187	1,587	-1,306	-400	-2,650	-4,521	660	-4,646	-529	-609	-11,342	1,556	-4,162
Equity in earnings of other ventures
4,564	5,874	5,877	6,812	4,661	4,143	7,648	5,826	857	2,200	1,794	5,543	-1,507	4,960	-11,630	6,022	1,611	3,296	5,730	6,160	5,295	4,838	9,806	7,232	4,199	6,274	7,313	3,772	5,835	6,612	4,310	6,846	5,470	-22,702	4,794	5,128	-23,753	-10,390	-6,740	3,160	2,156	4,331	5,432
Other (loss) income
-4,436	-160	1,016	922	3,171	5,489	497	1,225	-1,242	2,362	2,996	2,392	1,665	5,177	2,268	2,654	4,079	8,200	2,306	1,427	1,539	1,219	-1,169	-535	62	-173	651	-1,128	-1,709	-2,850	-1,052	5,414	-3,632	-43,648	-2,015	-5,167	50,145	26,032	25,021	-3,742	-6,191	13,424	-3,656
Gain (Loss) on Investments
-110,707	17,897	31,938	194,003	170,013	-88,654	13,630	-17,901	-82,144	-7,716	42,052	58,113	43,373	-49,967	59,870	69,772	61,653	-42,817	-41,138	-26,712	41,749	30,475	-31,097	27,128	14,927	61,864	28,472	-69,529	14,269	12,139	75,297	28,071	47,614	23,920	16,983	34,979	-5,214	-66,149	92,342	70,051	48,200	16,794	18,889
Total other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	234	161	132	498	0	0	0	0	798	33	1,408	5,289
Portion recognized in other comprehensive income (loss), before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,062	3,456
Net other-than-temporary impairments (Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	209	134	103	449	0	0	0	0	796	33	346	1,833
Total revenues
896,264	1,105,305	1,051,148	1,238,380	807,121	547,997	629,754	479,204	417,986	491,293	634,735	505,585	472,066	353,967	442,466	483,284	448,120	377,375	358,240	397,567	381,920	318,798	266,496	331,174	343,609	405,209	391,572	250,235	333,466	340,403	390,500	303,773	389,619	208,507	217,947	280,922	387,660	187,092	382,019	306,408	349,152	438,587	508,780
Expenses
Net claims and claim expenses incurred
570,954	762,093	654,520	453,373	227,035	477,638	410,510	60,167	171,703	304,064	1,221,696	142,587	193,081	123,901	112,575	167,750	126,605	102,013	100,028	169,344	76,853	-12,003	69,647	81,388	58,915	-20,854	60,928	103,962	27,251	186,893	73,215	49,551	15,552	3,551	77,830	151,261	628,537	-27,128	77,936	-18,803	97,340	38,567	66,823
Acquisition expenses
210,604	208,618	202,181	227,482	123,951	120,465	109,761	105,052	97,711	98,598	76,761	88,251	83,282	74,146	80,580	69,005	65,592	55,399	78,126	61,666	43,401	39,749	37,550	33,477	33,700	31,026	37,699	31,767	25,009	39,385	24,438	25,608	24,111	25,101	26,057	13,883	32,335	18,803	26,143	23,580	26,435	44,203	52,495
Operational expenses
67,461	64,571	53,415	59,814	44,933	58,859	40,593	37,543	41,272	29,192	42,537	41,766	47,283	49,948	40,493	51,073	56,235	64,300	54,518	54,673	45,621	55,202	46,972	45,841	42,624	57,658	44,672	42,789	45,986	53,096	42,357	41,375	42,323	43,368	42,169	42,299	41,830	45,882	36,970	38,040	45,150	45,498	46,865
Corporate expenses
15,991	17,642	13,844	23,847	38,789	12,108	6,841	8,301	6,733	4,237	4,413	4,636	5,286	11,888	11,537	5,752	8,225	10,791	7,322	12,868	45,533	10,583	3,905	3,954	4,545	3,304	4,307	21,529	4,482	3,889	3,796	4,014	4,757	8,607	3,582	4,011	2,064	4,744	5,590	4,493	5,309	-4,319	6,339
Interest expense
14,927	15,496	15,580	15,534	11,754	11,765	11,769	11,768	11,767	11,777	11,799	10,091	10,526	10,534	10,536	10,536	10,538	10,550	10,542	9,862	5,316	4,289	4,290	4,292	4,293	4,297	4,298	4,300	5,034	5,772	5,891	5,716	5,718	5,721	5,722	5,730	6,195	6,303	6,164	6,206	3,156	3,748	4,200
Total expenses
879,937	1,068,420	939,540	780,050	446,462	680,835	579,474	222,831	329,186	447,868	1,357,206	287,331	339,458	270,417	255,721	304,116	267,195	243,053	250,536	308,413	216,724	97,820	162,364	168,952	144,077	75,431	151,904	204,347	107,762	289,035	149,697	126,264	92,461	86,348	155,360	217,184	710,961	48,604	152,803	53,516	177,390	127,697	176,722
Income before taxes
16,327	36,885	111,608	458,330	360,659	-132,838	50,280	256,373	88,800	43,425	-722,471	218,254	132,608	83,550	186,745	179,168	180,925	134,322	107,704	89,154	165,196	220,978	104,132	162,222	199,532	329,778	239,668	45,888	225,704	51,368	240,803	177,509	297,158	122,159	62,587	63,738	-323,301	138,488	229,216	252,892	171,762	-	-
Income Tax Expense (Benefit)
-8,846	-3,455	3,664	9,475	7,531	-8,852	1,451	4,506	-3,407	41,226	-18,977	3,904	334	-7,700	-1,316	6,612	2,744	8,453	-4,573	-1,842	-47,904	401	245	-204	166	1,336	223	11	122	405	144	899	-36	2,945	-1,435	-1,773	-52	196	-2,399	-958	-2,963	3,993	652
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	328,442	239,445	45,877	225,582	50,963	240,659	176,610	297,194	119,214	64,022	65,511	-323,249	138,292	231,615	253,850	174,725	310,890	332,058
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-9,779	2,427	9,774	9,029	-166	8,034	-33,374	-3,305	-965	-10,094	-1,526	11,108	21,234	18,881	11,447	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
25,173	40,340	107,944	448,855	353,128	-123,986	48,829	251,867	92,207	2,199	-703,494	214,350	132,274	91,250	188,061	172,556	178,181	125,869	112,277	90,996	213,100	220,577	103,887	162,426	199,366	328,442	229,666	48,304	235,356	59,992	240,493	184,644	263,820	115,909	63,057	55,417	-324,775	149,400	252,849	272,731	186,172	306,897	331,406
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest
98,091	-	-	-	70,222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (income) loss attributable to redeemable noncontrolling interests (Note 10)
-	-2,622	62,057	71,812	-	-49,269	6,440	54,483	29,899	56	-204,277	37,612	34,327	16,219	35,641	30,635	44,591	28,068	31,153	12,167	39,662	44,215	30,477	36,078	42,768	54,191	44,331	14,015	38,607	9,692	51,083	33,624	53,641	25,388	5,044	21,903	-85,492	16,432	37,524	51,915	10,550	37,694	49,652
Net (loss) income attributable to RenaissanceRe
-72,918	42,962	45,887	377,043	282,906	-74,717	42,389	197,384	62,308	2,143	-499,217	176,738	97,947	75,031	152,420	141,921	133,590	97,801	81,124	78,829	173,438	176,362	73,410	126,348	156,598	274,251	185,335	34,289	196,749	50,300	189,410	151,020	210,179	90,521	58,013	33,514	-239,283	132,968	215,325	220,816	175,622	269,203	281,754
Dividends, Preferred Stock
9,056	9,189	9,189	9,189	9,189	9,189	9,708	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	5,596	5,595	5,595	5,595	7,483	6,275	8,645	8,750	8,750	8,750	8,750	8,750	8,750	8,750	10,393	10,575	10,575	10,575	10,575	10,575
Net Income (Loss) Available to Common Stockholders, Basic
-81,974	33,773	36,698	367,854	273,717	-83,906	32,681	191,788	56,713	-3,452	-504,812	171,142	92,352	69,436	146,825	136,325	127,995	92,206	75,529	73,233	167,843	170,767	67,815	120,752	151,003	268,656	179,740	26,806	190,474	41,655	180,660	142,270	201,429	81,771	49,263	24,764	-248,033	122,575	204,750	210,241	165,047	258,628	271,179
Income (loss) from continuing operations available (attributable) to RenaissanceRe common shareholders per common share basic, in dollars per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.14	4.32	0.55	4.10	0.69	3.67	2.62	4.59	1.66	0.98	0.68	-4.66	2.04	3.33	3.35	2.55	-	-
Income (loss) from discontinued operations available (attributable) to RenaissanceRe common shareholders per common share basic, in dollars per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.23	0.06	0.22	0.19	0.00	0.16	-0.66	-0.07	-0.02	-0.20	-0.03	0.21	0.40	0.34	0.20	-	-
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – basic
-1.89	0.77	0.83	8.36	6.43	-2.10	0.82	4.78	1.42	-0.09	-12.75	4.25	2.26	1.70	3.58	3.23	2.97	2.11	1.68	1.60	4.18	4.46	1.72	3.00	3.61	6.14	4.09	0.61	4.32	0.88	3.67	2.78	3.93	1.59	0.96	0.48	-4.69	2.25	3.73	3.69	2.75	4.15	4.35
Income from continuing operations available to RenaissanceRe common shareholders per common share diluted, in dollars per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.05	4.23	0.55	4.01	0.68	3.62	2.59	4.53	1.64	0.97	0.68	-4.66	2.02	3.31	3.32	2.54	-	-
Income (loss) from discontinued operations available (attributable) to RenaissanceRe common shareholders per common share diluted, in dollars per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.22	0.05	0.22	0.19	0.00	0.16	-0.65	-0.06	-0.02	-0.20	-0.03	0.21	0.39	0.34	0.19	-	-
Net (loss) income (attributable) available to RenaissanceRe common shareholders per common share – diluted
-1.89	0.77	0.83	8.35	6.43	-2.10	0.82	4.78	1.42	-0.09	-12.75	4.24	2.25	1.69	3.56	3.22	2.95	2.09	1.66	1.59	4.14	4.42	1.70	2.95	3.56	6.05	4.01	0.60	4.23	0.87	3.62	2.75	3.88	1.58	0.95	0.48	-4.69	2.23	3.70	3.66	2.73	4.12	4.32
Dividends per common share (in dollars per share)
0.35	-	-	-	0.34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.24	0.24