Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

July 29, 2020

000091314412-312020Q2FALSE1,739,07100009131442020-01-012020-06-300000913144us-gaap:CommonStockMember2020-01-012020-06-300000913144rnr:SeriesE5.375PreferenceSharesParValue1.00pershareMember2020-01-012020-06-300000913144rnr:DepositaryShareseachrepresentinga11000thinterestinaSeriesF5.Member2020-01-012020-06-30xbrli:shares00009131442020-07-24iso4217:USD00009131442020-06-3000009131442019-12-31iso4217:USDxbrli:shares00009131442020-04-012020-06-3000009131442019-04-012019-06-3000009131442019-01-012019-06-300000913144us-gaap:PreferredStockMember2020-03-310000913144us-gaap:PreferredStockMember2019-03-310000913144us-gaap:PreferredStockMember2019-12-310000913144us-gaap:PreferredStockMember2018-12-310000913144us-gaap:PreferredStockMember2020-04-012020-06-300000913144us-gaap:PreferredStockMember2019-04-012019-06-300000913144us-gaap:PreferredStockMember2020-01-012020-06-300000913144us-gaap:PreferredStockMember2019-01-012019-06-300000913144us-gaap:PreferredStockMember2020-06-300000913144us-gaap:PreferredStockMember2019-06-300000913144us-gaap:CommonStockMember2020-03-310000913144us-gaap:CommonStockMember2019-03-310000913144us-gaap:CommonStockMember2019-12-310000913144us-gaap:CommonStockMember2018-12-310000913144us-gaap:CommonStockMember2020-04-012020-06-300000913144us-gaap:CommonStockMember2019-04-012019-06-300000913144us-gaap:CommonStockMember2020-01-012020-06-300000913144us-gaap:CommonStockMember2019-01-012019-06-300000913144us-gaap:CommonStockMember2020-06-300000913144us-gaap:CommonStockMember2019-06-300000913144us-gaap:AdditionalPaidInCapitalMember2020-03-310000913144us-gaap:AdditionalPaidInCapitalMember2019-03-310000913144us-gaap:AdditionalPaidInCapitalMember2019-12-310000913144us-gaap:AdditionalPaidInCapitalMember2018-12-310000913144us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300000913144us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300000913144us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300000913144us-gaap:AdditionalPaidInCapitalMember2019-01-012019-06-300000913144us-gaap:AdditionalPaidInCapitalMember2020-06-300000913144us-gaap:AdditionalPaidInCapitalMember2019-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300000913144us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000913144us-gaap:RetainedEarningsMember2020-03-310000913144us-gaap:RetainedEarningsMember2019-03-310000913144us-gaap:RetainedEarningsMember2019-12-310000913144us-gaap:RetainedEarningsMember2018-12-310000913144us-gaap:RetainedEarningsMember2020-04-012020-06-300000913144us-gaap:RetainedEarningsMember2019-04-012019-06-300000913144us-gaap:RetainedEarningsMember2020-01-012020-06-300000913144us-gaap:RetainedEarningsMember2019-01-012019-06-300000913144us-gaap:RetainedEarningsMember2020-06-300000913144us-gaap:RetainedEarningsMember2019-06-3000009131442019-06-30xbrli:pure0000913144us-gaap:SeriesCPreferredStockMember2020-01-012020-06-3000009131442018-12-310000913144rnr:RenaissanceReUpsilonFundLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-01-012020-06-300000913144us-gaap:USTreasurySecuritiesMember2020-06-300000913144us-gaap:USTreasurySecuritiesMember2019-12-310000913144us-gaap:AgencySecuritiesMember2020-06-300000913144us-gaap:AgencySecuritiesMember2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMember2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMember2019-12-310000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMember2020-06-300000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMember2019-12-310000913144us-gaap:CorporateDebtSecuritiesMember2020-06-300000913144us-gaap:CorporateDebtSecuritiesMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMember2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000913144us-gaap:AssetBackedSecuritiesMember2020-06-300000913144us-gaap:AssetBackedSecuritiesMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesMember2020-06-300000913144us-gaap:FinancialServicesSectorMember2020-06-300000913144us-gaap:FinancialServicesSectorMember2019-12-310000913144us-gaap:TechnologySectorMember2020-06-300000913144us-gaap:TechnologySectorMember2019-12-310000913144rnr:ConsumerSectorMember2020-06-300000913144rnr:ConsumerSectorMember2019-12-310000913144us-gaap:CommercialAndIndustrialSectorMember2020-06-300000913144us-gaap:CommercialAndIndustrialSectorMember2019-12-310000913144us-gaap:HealthcareSectorMember2020-06-300000913144us-gaap:HealthcareSectorMember2019-12-310000913144rnr:BasicMaterialsSectorMember2020-06-300000913144rnr:BasicMaterialsSectorMember2019-12-310000913144us-gaap:FixedMaturitiesMember2020-04-012020-06-300000913144us-gaap:FixedMaturitiesMember2019-04-012019-06-300000913144us-gaap:FixedMaturitiesMember2020-01-012020-06-300000913144us-gaap:FixedMaturitiesMember2019-01-012019-06-300000913144us-gaap:ShortTermInvestmentsMember2020-04-012020-06-300000913144us-gaap:ShortTermInvestmentsMember2019-04-012019-06-300000913144us-gaap:ShortTermInvestmentsMember2020-01-012020-06-300000913144us-gaap:ShortTermInvestmentsMember2019-01-012019-06-300000913144us-gaap:EquitySecuritiesMember2020-04-012020-06-300000913144us-gaap:EquitySecuritiesMember2019-04-012019-06-300000913144us-gaap:EquitySecuritiesMember2020-01-012020-06-300000913144us-gaap:EquitySecuritiesMember2019-01-012019-06-300000913144rnr:CatastropheBondsMember2020-04-012020-06-300000913144rnr:CatastropheBondsMember2019-04-012019-06-300000913144rnr:CatastropheBondsMember2020-01-012020-06-300000913144rnr:CatastropheBondsMember2019-01-012019-06-300000913144rnr:OtherInvestmentsOtherMember2020-04-012020-06-300000913144rnr:OtherInvestmentsOtherMember2019-04-012019-06-300000913144rnr:OtherInvestmentsOtherMember2020-01-012020-06-300000913144rnr:OtherInvestmentsOtherMember2019-01-012019-06-300000913144us-gaap:CashAndCashEquivalentsMember2020-04-012020-06-300000913144us-gaap:CashAndCashEquivalentsMember2019-04-012019-06-300000913144us-gaap:CashAndCashEquivalentsMember2020-01-012020-06-300000913144us-gaap:CashAndCashEquivalentsMember2019-01-012019-06-300000913144us-gaap:FixedMaturitiesMember2020-04-012020-06-300000913144us-gaap:FixedMaturitiesMember2019-04-012019-06-300000913144us-gaap:FixedMaturitiesMember2020-01-012020-06-300000913144us-gaap:FixedMaturitiesMember2019-01-012019-06-300000913144us-gaap:DerivativeMember2020-04-012020-06-300000913144us-gaap:DerivativeMember2019-04-012019-06-300000913144us-gaap:DerivativeMember2020-01-012020-06-300000913144us-gaap:DerivativeMember2019-01-012019-06-300000913144us-gaap:EquitySecuritiesMember2020-04-012020-06-300000913144us-gaap:EquitySecuritiesMember2019-04-012019-06-300000913144us-gaap:EquitySecuritiesMember2020-01-012020-06-300000913144us-gaap:EquitySecuritiesMember2019-01-012019-06-300000913144us-gaap:OtherInvestmentsMemberrnr:CatastropheBondsMember2020-04-012020-06-300000913144us-gaap:OtherInvestmentsMemberrnr:CatastropheBondsMember2019-04-012019-06-300000913144us-gaap:OtherInvestmentsMemberrnr:CatastropheBondsMember2020-01-012020-06-300000913144us-gaap:OtherInvestmentsMemberrnr:CatastropheBondsMember2019-01-012019-06-300000913144us-gaap:OtherInvestmentsMemberrnr:OtherInvestmentsOtherMember2020-04-012020-06-300000913144us-gaap:OtherInvestmentsMemberrnr:OtherInvestmentsOtherMember2019-04-012019-06-300000913144us-gaap:OtherInvestmentsMemberrnr:OtherInvestmentsOtherMember2020-01-012020-06-300000913144us-gaap:OtherInvestmentsMemberrnr:OtherInvestmentsOtherMember2019-01-012019-06-300000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberrnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberrnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:CatastropheBondsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:CatastropheBondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:CatastropheBondsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:CatastropheBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberrnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2020-06-300000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HedgeFundsMember2020-06-300000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberrnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:FairValueInputsLevel1Memberus-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:DerivativeMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000913144us-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:OtherLiabilitiesMemberrnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:AgencySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberrnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberrnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144rnr:CatastropheBondsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:CatastropheBondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:CatastropheBondsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:CatastropheBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberrnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2019-12-310000913144us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HedgeFundsMember2019-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:HedgeFundsMember2019-12-310000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberrnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:FairValueInputsLevel1Memberus-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:DerivativeMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000913144us-gaap:DerivativeMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144rnr:AssumedAndCededReInsuranceContractsMemberus-gaap:OtherAssetsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:OtherLiabilitiesMemberrnr:AssumedAndCededReInsuranceContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:USTreasurySecuritiesMember2020-06-300000913144us-gaap:USTreasurySecuritiesMember2019-12-310000913144us-gaap:AgencySecuritiesMember2020-06-300000913144us-gaap:AgencySecuritiesMember2019-12-310000913144us-gaap:ForeignGovernmentDebtSecuritiesMember2020-06-300000913144us-gaap:ForeignGovernmentDebtSecuritiesMember2019-12-310000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMember2020-06-300000913144rnr:NonUSGovernmentBackedCorporateDebtSecuritiesMember2019-12-310000913144us-gaap:CorporateDebtSecuritiesMember2020-06-300000913144us-gaap:CorporateDebtSecuritiesMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-01-012020-06-300000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310000913144us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-01-012019-12-310000913144rnr:NonAgencyPrimeResidentialMortgageBackedSecuritiesMember2020-06-300000913144rnr:NonAgencyPrimeResidentialMortgageBackedSecuritiesMember2020-01-012020-06-300000913144rnr:NonAgencyPrimeResidentialMortgageBackedSecuritiesMember2019-12-310000913144rnr:NonAgencyPrimeResidentialMortgageBackedSecuritiesMember2019-01-012019-12-310000913144rnr:AltaNonAgencyMortgageBackedSecuritiesMember2020-06-300000913144rnr:AltaNonAgencyMortgageBackedSecuritiesMember2020-01-012020-06-300000913144rnr:AltaNonAgencyMortgageBackedSecuritiesMember2019-12-310000913144rnr:AltaNonAgencyMortgageBackedSecuritiesMember2019-01-012019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMember2020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMember2020-01-012020-06-300000913144us-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310000913144us-gaap:CommercialMortgageBackedSecuritiesMember2019-01-012019-12-310000913144us-gaap:AssetBackedSecuritiesMember2020-06-300000913144us-gaap:AssetBackedSecuritiesMember2020-01-012020-06-300000913144us-gaap:AssetBackedSecuritiesMember2019-12-310000913144us-gaap:AssetBackedSecuritiesMember2019-01-012019-12-310000913144us-gaap:ShortTermInvestmentsMember2020-06-300000913144us-gaap:ShortTermInvestmentsMember2019-12-310000913144rnr:ExternalValuationModelValuationTechniqueMemberus-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:ExternalValuationModelValuationTechniqueMemberrnr:MeasurementInputManagerPricingMemberus-gaap:PrivateEquityFundsMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:ExternalValuationModelValuationTechniqueMembersrt:MaximumMemberrnr:MeasurementInputManagerPricingMemberus-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:ExternalValuationModelValuationTechniqueMemberrnr:MeasurementInputManagerPricingMemberus-gaap:PrivateEquityFundsMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:PrivateEquityFundsMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:MeasurementInputDiscountRateMemberus-gaap:PrivateEquityFundsMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:MeasurementInputLiquidityMemberus-gaap:PrivateEquityFundsMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:InternalValuationModelValuationTechniqueMemberrnr:AssumedAndCededReInsuranceContractsGroupOneMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:MeasurementInputOfferedPriceMembersrt:MinimumMemberrnr:InternalValuationModelValuationTechniqueMemberrnr:AssumedAndCededReInsuranceContractsGroupOneMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:MeasurementInputOfferedPriceMembersrt:MaximumMemberrnr:InternalValuationModelValuationTechniqueMemberrnr:AssumedAndCededReInsuranceContractsGroupOneMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:MeasurementInputOfferedPriceMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberrnr:AssumedAndCededReInsuranceContractsGroupOneMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:MeasurementInputLiquidityMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberrnr:AssumedAndCededReInsuranceContractsGroupOneMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupTwoMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupTwoMembersrt:WeightedAverageMemberrnr:MeasurementInputUndiscountedCashFlowsMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupTwoMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberrnr:MeasurementInputExpectedLossRatioMember2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupTwoMemberus-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupThreeMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:AssumedandCededReInsuranceContractsGroupThreeMembersrt:WeightedAverageMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberrnr:MeasurementInputExpectedLossRatioMember2020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-03-310000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-04-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-01-012020-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-03-310000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-03-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-03-310000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-04-012019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144us-gaap:OtherOperatingIncomeExpenseMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-06-300000913144rnr:AssumedAndCededReInsuranceContractsMemberrnr:InternalValuationModelValuationTechniqueMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000913144us-gaap:InvestmentIncomeMemberus-gaap:OtherInvestmentsMember2020-04-012020-06-300000913144us-gaap:InvestmentIncomeMemberus-gaap:OtherInvestmentsMember2020-01-012020-06-300000913144us-gaap:InvestmentIncomeMemberus-gaap:OtherInvestmentsMember2019-04-012019-06-300000913144us-gaap:InvestmentIncomeMemberus-gaap:OtherInvestmentsMember2019-01-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMember2020-04-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMember2020-01-012020-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMember2019-04-012019-06-300000913144rnr:OtherAssetsLiabilitiesMemberus-gaap:OtherOperatingIncomeExpenseMember2019-01-012019-06-300000913144us-gaap:PrivateEquityFundsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2020-06-300000913144rnr:SeniorSecuredBankLoanFundsMemberus-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2020-06-300000913144us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:HedgeFundsMember2020-06-300000913144us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember2020-06-300000913144us-gaap:PrivateEquityFundsMembersrt:MinimumMember2020-01-012020-06-300000913144srt:MaximumMemberus-gaap:PrivateEquityFundsMember2020-01-012020-06-300000913144rnr:SeniorSecuredBankLoanFundsMember2020-06-300000913144srt:MinimumMemberrnr:SeniorSecuredBankLoanFundsMember2020-01-012020-06-300000913144srt:MaximumMemberrnr:SeniorSecuredBankLoanFundsMember2020-01-012020-06-300000913144us-gaap:ReinsurerConcentrationRiskMemberus-gaap:CededCreditRiskSecuredMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144us-gaap:ReinsurerConcentrationRiskMembersrt:StandardPoorsAMinusRatingMemberus-gaap:CededCreditRiskUnsecuredMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144us-gaap:ReinsurerConcentrationRiskMembersrt:StandardPoorsBBBPlusRatingMemberus-gaap:CededCreditRiskUnsecuredMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144us-gaap:ReinsurerConcentrationRiskMemberus-gaap:CededCreditRiskSecuredMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144us-gaap:ReinsurerConcentrationRiskMembersrt:StandardPoorsAMinusRatingMemberus-gaap:CededCreditRiskUnsecuredMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144us-gaap:ReinsurerConcentrationRiskMembersrt:StandardPoorsBBBPlusRatingMemberus-gaap:CededCreditRiskUnsecuredMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144rnr:CustomerConcentrationRiskCustomerOneMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerTwoMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerThreeMemberus-gaap:ReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerOneMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144rnr:CustomerConcentrationRiskCustomerTwoMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144rnr:CustomerConcentrationRiskCustomerThreeMemberus-gaap:ReinsuranceRecoverableMember2019-01-012019-12-310000913144us-gaap:AllowanceForReinsuranceRecoverableMember2020-06-300000913144us-gaap:AllowanceForReinsuranceRecoverableMember2019-12-310000913144rnr:CustomerConcentrationRiskCustomerOneMemberus-gaap:AllowanceForReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerTwoMemberus-gaap:AllowanceForReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerThreeMemberus-gaap:AllowanceForReinsuranceRecoverableMember2020-01-012020-06-300000913144rnr:CustomerConcentrationRiskCustomerOneMemberus-gaap:AllowanceForReinsuranceRecoverableMember2019-01-012019-12-310000913144rnr:CustomerConcentrationRiskCustomerTwoMemberus-gaap:AllowanceForReinsuranceRecoverableMember2019-01-012019-12-310000913144rnr:CustomerConcentrationRiskCustomerThreeMemberus-gaap:AllowanceForReinsuranceRecoverableMember2019-01-012019-12-310000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2020-06-300000913144us-gaap:CorporateNonSegmentMember2020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2019-12-310000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2019-12-310000913144us-gaap:CorporateNonSegmentMember2019-12-310000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2020-01-012020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2019-01-012019-06-300000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2020-01-012020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2019-01-012019-06-300000913144us-gaap:CorporateNonSegmentMember2020-01-012020-06-300000913144us-gaap:CorporateNonSegmentMember2019-01-012019-06-300000913144rnr:A2019LargeLossEventsMemberrnr:PropertySegmentMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:A2018LargeLossEventsMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:A2017LargeLossEventsMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:OtherLargeCatastropheEventsMember2020-01-012020-06-300000913144rnr:LargeCatastropheEventsMemberrnr:PropertySegmentMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:OtherSmallCatastropheEventsAndAttritionalLossMovementsMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:SmallCatastropheEventsAndAttritionalLossMovementsMember2020-01-012020-06-300000913144rnr:PropertySegmentMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:ReportedClaimsLessThanExpectedMember2020-01-012020-06-300000913144rnr:PropertySegmentMemberrnr:A2017LargeLossEventsMember2019-01-012019-06-300000913144rnr:PropertySegmentMemberrnr:A2018LargeLossEventsMember2019-01-012019-06-300000913144rnr:PropertySegmentMemberrnr:OtherLargeCatastropheEventsMember2019-01-012019-06-300000913144rnr:LargeCatastropheEventsMemberrnr:PropertySegmentMember2019-01-012019-06-300000913144rnr:PropertySegmentMemberrnr:OtherSmallCatastropheEventsAndAttritionalLossMovementsMember2019-01-012019-06-300000913144rnr:PropertySegmentMemberrnr:SmallCatastropheEventsAndAttritionalLossMovementsMember2019-01-012019-06-300000913144rnr:LargeandSmallCatastropheEventsAndAttritionalLossMovementsMemberrnr:PropertySegmentMember2019-01-012019-06-300000913144rnr:ChangeInActuarialAssumptionMember2019-01-012019-06-300000913144rnr:PropertySegmentMember2019-01-012019-06-300000913144rnr:ChangeInActuarialAssumptionMemberrnr:PropertySegmentMember2019-01-012019-06-300000913144rnr:CasualtyandSpecialtySegmentMemberrnr:ReportedClaimsLessThanExpectedMember2020-01-012020-06-300000913144rnr:CasualtyandSpecialtySegmentMemberrnr:ReportedClaimsLessThanExpectedMember2019-01-012019-06-300000913144rnr:ChangeInActuarialAssumptionMemberrnr:CasualtyandSpecialtySegmentMember2020-01-012020-06-300000913144rnr:ChangeInActuarialAssumptionMemberrnr:CasualtyandSpecialtySegmentMember2019-01-012019-06-300000913144rnr:CasualtyandSpecialtySegmentMember2020-01-012020-06-300000913144rnr:CasualtyandSpecialtySegmentMember2019-01-012019-06-300000913144rnr:A3.600SeniorNotesDue2029Member2020-06-300000913144rnr:A3.600SeniorNotesDue2029Memberus-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Member2020-06-300000913144rnr:A3.600SeniorNotesDue2029Memberus-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Member2019-12-310000913144rnr:A3.450SeniorNotesDueJuly12027Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:A3.450SeniorNotesDueJuly12027Memberrnr:RenaissanceReFinanceInc.Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:A3.450SeniorNotesDueJuly12027Memberrnr:RenaissanceReFinanceInc.Member2019-12-310000913144rnr:A3.700SeniorNotesDueApril12025Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Memberrnr:A3.700SeniorNotesDueApril12025Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Memberrnr:A3.700SeniorNotesDueApril12025Member2019-12-310000913144rnr:A5.75SeniorNotesDueMarch152020Member2020-06-300000913144rnr:A5.75SeniorNotesDueMarch152020Memberus-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Member2020-06-300000913144rnr:A5.75SeniorNotesDueMarch152020Memberus-gaap:SeniorNotesMemberrnr:RenaissanceReFinanceInc.Member2019-12-310000913144rnr:A4.750SeniorNotesDueMay12025Memberrnr:DaVinciReHoldingsLtd.Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:A4.750SeniorNotesDueMay12025Memberrnr:DaVinciReHoldingsLtd.Member2020-06-300000913144us-gaap:SeniorNotesMemberrnr:A4.750SeniorNotesDueMay12025Memberrnr:DaVinciReHoldingsLtd.Member2019-12-310000913144rnr:A5.75SeniorNotesDueMarch152020Memberrnr:RenReNorthAmericaHoldingsIncMember2010-03-170000913144rnr:A5.75SeniorNotesDueMarch152020Memberrnr:RenReNorthAmericaHoldingsIncMember2020-03-152020-03-150000913144us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2020-06-300000913144us-gaap:LineOfCreditMemberus-gaap:LetterOfCreditMemberrnr:SecuredBilateralFacilityMember2020-06-300000913144us-gaap:LineOfCreditMemberrnr:UnsecuredBilateralFacilityMemberus-gaap:LetterOfCreditMember2020-06-300000913144us-gaap:LineOfCreditMemberrnr:BankOfMontrealCitibankEuropePlcANDINGBankN.V.Memberus-gaap:LetterOfCreditMember2020-06-300000913144rnr:UnsecuredBilateralFacilityMemberrnr:WellsFargoMemberus-gaap:LetterOfCreditMember2019-06-210000913144rnr:UnsecuredBilateralFacilityMemberrnr:WellsFargoMemberus-gaap:LetterOfCreditMember2020-06-110000913144rnr:CreditSuisseSwitzerlandLtd.Memberrnr:UnsecuredBilateralFacilityMemberus-gaap:LetterOfCreditMember2019-03-220000913144rnr:CreditSuisseSwitzerlandLtd.Memberrnr:UnsecuredBilateralFacilityMemberus-gaap:LetterOfCreditMember2020-06-260000913144rnr:DaVinciReHoldingsLtd.Member2020-06-300000913144rnr:DaVinciReHoldingsLtd.Member2019-12-310000913144rnr:RenaissanceReMediciFundLtd.Member2020-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2019-12-310000913144rnr:VermeerReinsuranceLtd.Member2020-06-300000913144rnr:VermeerReinsuranceLtd.Member2019-12-310000913144rnr:DaVinciReHoldingsLtd.Member2020-04-012020-06-300000913144rnr:DaVinciReHoldingsLtd.Member2019-04-012019-06-300000913144rnr:DaVinciReHoldingsLtd.Member2020-01-012020-06-300000913144rnr:DaVinciReHoldingsLtd.Member2019-01-012019-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2020-04-012020-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2019-04-012019-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2020-01-012020-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2019-01-012019-06-300000913144rnr:VermeerReinsuranceLtd.Member2020-04-012020-06-300000913144rnr:VermeerReinsuranceLtd.Member2019-04-012019-06-300000913144rnr:VermeerReinsuranceLtd.Member2020-01-012020-06-300000913144rnr:VermeerReinsuranceLtd.Member2019-01-012019-06-300000913144rnr:DaVinciReinsuranceLtd.Member2020-06-300000913144rnr:DaVinciReinsuranceLtd.Member2019-12-310000913144srt:MaximumMemberrnr:DaVinciReHoldingsLtd.Member2020-06-300000913144rnr:DaVinciReinsuranceLtd.Member2020-01-012020-01-010000913144rnr:DaVinciReinsuranceLtd.Member2020-01-010000913144rnr:DaVinciReHoldingsLtd.Member2019-06-012019-06-010000913144rnr:DaVinciReHoldingsLtd.Memberrnr:ThirdPartyInvestorsMember2019-06-012019-06-010000913144rnr:DaVinciReHoldingsLtd.Memberrnr:RenaissanceReHoldingsLtd.Member2019-06-012019-06-010000913144rnr:DaVinciReinsuranceLtd.Member2019-06-012019-06-010000913144rnr:DaVinciReinsuranceLtd.Member2019-06-010000913144rnr:DaVinciReHoldingsLtd.Member2020-03-310000913144rnr:DaVinciReHoldingsLtd.Member2019-03-310000913144rnr:DaVinciReHoldingsLtd.Member2018-12-310000913144rnr:DaVinciReHoldingsLtd.Member2019-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2020-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2019-06-300000913144rnr:RenaissanceReMediciFundLtd.Member2020-03-310000913144rnr:RenaissanceReMediciFundLtd.Member2019-03-310000913144rnr:RenaissanceReMediciFundLtd.Member2018-12-310000913144rnr:RenaissanceReMediciFundLtd.Member2019-06-300000913144rnr:VermeerReinsuranceLtd.Member2020-03-310000913144rnr:VermeerReinsuranceLtd.Member2019-03-310000913144rnr:VermeerReinsuranceLtd.Member2018-12-310000913144rnr:VermeerReinsuranceLtd.Member2019-06-300000913144us-gaap:PreferredStockMemberrnr:UpsilonRFOReLtd.Memberus-gaap:InvestorMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-06-300000913144us-gaap:PreferredStockMemberrnr:UpsilonRFOReLtd.Memberrnr:RenaissanceReHoldingsLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-06-300000913144rnr:UpsilonRFOReLtd.Memberus-gaap:InvestorMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-06-300000913144rnr:UpsilonRFOReLtd.Memberrnr:RenaissanceReHoldingsLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-06-300000913144rnr:UpsilonRFOReLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-06-300000913144rnr:UpsilonRFOReLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310000913144rnr:UpsilonRFOReLtd.Memberus-gaap:InvestorMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-06-300000913144us-gaap:PreferredStockMemberrnr:UpsilonRFOReLtd.Memberus-gaap:InvestorMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-12-310000913144us-gaap:PreferredStockMemberrnr:UpsilonRFOReLtd.Memberrnr:RenaissanceReHoldingsLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-12-310000913144rnr:UpsilonRFOReLtd.Memberus-gaap:InvestorMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-12-310000913144rnr:UpsilonRFOReLtd.Memberrnr:RenaissanceReHoldingsLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-12-310000913144rnr:VermeerReinsuranceLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-06-300000913144rnr:VermeerReinsuranceLtd.Memberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2020-01-100000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2020-06-300000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2019-06-300000913144us-gaap:OtherInvestmentsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2020-06-300000913144rnr:RenaissanceReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2020-01-012020-06-300000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMemberrnr:DaVinciReinsuranceLtd.Member2020-01-012020-06-300000913144rnr:RenaissanceReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMember2019-01-012019-06-300000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:MonaLisaReMemberrnr:DaVinciReinsuranceLtd.Member2019-01-012019-06-300000913144rnr:FibonacciReinsuranceLtd.Memberus-gaap:OtherInvestmentsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-06-300000913144rnr:FibonacciReinsuranceLtd.Memberus-gaap:OtherInvestmentsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000913144rnr:RenaissanceReinsuranceLtd.Memberrnr:FibonacciReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-01-012020-06-300000913144rnr:RenaissanceReinsuranceLtd.Memberrnr:FibonacciReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-01-012019-06-300000913144rnr:RenaissanceReinsuranceLtd.Memberrnr:FibonacciReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-06-300000913144rnr:RenaissanceReinsuranceLtd.Memberrnr:FibonacciReinsuranceLtd.Memberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:LanghorneHoldingsLLCMember2020-06-300000913144us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMemberrnr:LanghorneHoldingsLLCMember2019-12-310000913144rnr:LanghornePartnersLLCMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-06-300000913144rnr:LanghornePartnersLLCMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-3100009131442020-06-152020-06-150000913144us-gaap:CommonStockMember2020-03-132020-03-130000913144us-gaap:SeriesEPreferredStockMember2020-01-012020-06-300000913144us-gaap:SeriesFPreferredStockMember2020-01-012020-06-300000913144us-gaap:SeriesCPreferredStockMember2020-06-300000913144us-gaap:SeriesEPreferredStockMember2020-06-300000913144us-gaap:SeriesFPreferredStockMember2020-06-300000913144rnr:DepositarySharesMember2020-06-300000913144us-gaap:SeriesCPreferredStockMember2020-03-260000913144rnr:TMRMember2019-03-222019-03-220000913144rnr:UnderwrittenFollowOnOfferingMemberus-gaap:CommonStockMember2020-06-052020-06-050000913144rnr:UnderwrittenFollowOnOfferingMemberus-gaap:CommonStockMember2020-06-050000913144us-gaap:CommonStockMemberus-gaap:PrivatePlacementMember2020-06-052020-06-050000913144us-gaap:CommonStockMember2020-06-052020-06-050000913144us-gaap:CommonStockMember2017-11-100000913144us-gaap:CommonStockMember2020-01-012020-03-310000913144us-gaap:CommonStockMember2020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2020-04-012020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2020-04-012020-06-300000913144us-gaap:CorporateNonSegmentMember2020-04-012020-06-300000913144us-gaap:OperatingSegmentsMemberrnr:PropertySegmentMember2019-04-012019-06-300000913144us-gaap:OperatingSegmentsMemberrnr:CasualtyandSpecialtySegmentMember2019-04-012019-06-300000913144us-gaap:CorporateNonSegmentMember2019-04-012019-06-300000913144us-gaap:OtherAssetsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2020-06-300000913144us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherLiabilitiesMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherLiabilitiesMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherLiabilitiesMemberus-gaap:EquityContractMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:OtherAssetsMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherAssetsMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherAssetsMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:EquityContractMemberus-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherAssetsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2019-12-310000913144us-gaap:InterestRateContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:InterestRateContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:InterestRateSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:InterestRateSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:CreditDefaultSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:CreditDefaultSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:GainLossOnInvestmentsMember1us-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:GainLossOnInvestmentsMember1us-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:EquityContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:EquityContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:NondesignatedMember2020-04-012020-06-300000913144us-gaap:NondesignatedMember2019-04-012019-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2020-04-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2019-04-012019-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMember2020-04-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMember2019-04-012019-06-300000913144us-gaap:InterestRateContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:InterestRateContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:InterestRateSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:InterestRateSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:ForeignCurrencyGainLossMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:CreditDefaultSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:CreditDefaultSwapMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:GainLossOnInvestmentsMember1us-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:GainLossOnInvestmentsMember1us-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:EquityContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:EquityContractMemberus-gaap:GainLossOnInvestmentsMember1us-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:NondesignatedMember2020-01-012020-06-300000913144us-gaap:NondesignatedMember2019-01-012019-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2020-01-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMember2019-01-012019-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMember2020-01-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMember2019-01-012019-06-300000913144us-gaap:LongMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:ShortMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:LongMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:ShortMemberus-gaap:InterestRateContractMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:InterestRateSwapMembercurrency:USDrnr:PayingaFixedRateMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:InterestRateSwapMemberrnr:ReceivingaFixedRateMembercurrency:USDus-gaap:NondesignatedMember2020-06-300000913144us-gaap:InterestRateSwapMembercurrency:USDrnr:PayingaFixedRateMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:InterestRateSwapMemberrnr:ReceivingaFixedRateMembercurrency:USDus-gaap:NondesignatedMember2019-12-310000913144us-gaap:LongMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:ShortMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:LongMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:ShortMemberrnr:ForeignCurrencyForwardContractsUnderwritingAndNonInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144rnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:LongMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:ShortMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2020-06-300000913144rnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:LongMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:ShortMemberrnr:ForeignCurrencyForwardContractsInvestmentOperationsMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:LongMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:ShortMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:LongMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:ShortMemberus-gaap:CreditDefaultSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:LongMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:ShortMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:LongMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:ShortMemberus-gaap:TotalReturnSwapMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:EquityContractMemberus-gaap:LongMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:EquityContractMemberus-gaap:ShortMemberus-gaap:NondesignatedMember2020-06-300000913144us-gaap:EquityContractMemberus-gaap:LongMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:EquityContractMemberus-gaap:ShortMemberus-gaap:NondesignatedMember2019-12-310000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2020-04-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2019-04-012019-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2020-01-012020-06-300000913144us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:ForeignExchangeForwardMemberus-gaap:NetInvestmentHedgingMember2019-01-012019-06-300000913144rnr:RenaissanceReUnitedKingdomMemberus-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2020-06-300000913144rnr:RenaissanceReUnitedKingdomMemberus-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember2019-12-310000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2020-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2020-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2020-06-300000913144srt:ConsolidationEliminationsMember2020-06-300000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-12-310000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2019-12-310000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-12-310000913144srt:ConsolidationEliminationsMember2019-12-310000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2020-04-012020-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2020-04-012020-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2020-04-012020-06-300000913144srt:ConsolidationEliminationsMember2020-04-012020-06-300000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2020-01-012020-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2020-01-012020-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2020-01-012020-06-300000913144srt:ConsolidationEliminationsMember2020-01-012020-06-300000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-04-012019-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2019-04-012019-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-04-012019-06-300000913144srt:ConsolidationEliminationsMember2019-04-012019-06-300000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-01-012019-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2019-01-012019-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-01-012019-06-300000913144srt:ConsolidationEliminationsMember2019-01-012019-06-300000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2018-12-310000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2018-12-310000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2018-12-310000913144srt:ReportableLegalEntitiesMembersrt:ParentCompanyMember2019-06-300000913144rnr:SubsidiaryIssuerThreeMembersrt:ReportableLegalEntitiesMember2019-06-300000913144srt:ReportableLegalEntitiesMembersrt:NonGuarantorSubsidiariesMember2019-06-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
OR
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number: 001-14428
RENAISSANCERE HOLDINGS LTD.
(Exact Name Of Registrant As Specified In Its Charter)
Bermuda 98-0141974
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification Number)
         Renaissance House, 12 Crow Lane, Pembroke, Bermuda   HM 19
          (Address of Principal Executive Offices)   (Zip Code)
(441) 295-4513
(Registrant’s telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading
symbol(s)
Name of each exchange on which registered
Common Shares, Par Value $1.00 per share
RNR New York Stock Exchange
Series E 5.375% Preference Shares, Par Value $1.00 per share
RNR PRE New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a Series F 5.750% Preference Share, Par Value $1.00 per share
RNR PRF New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes   No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer , Accelerated filer , Non-accelerated filer , Smaller reporting company , Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes   No
The number of Common Shares, par value US $1.00 per share, outstanding at July 24, 2020 was 51,216,780.



RENAISSANCERE HOLDINGS LTD.
TABLE OF CONTENTS 
    Page
ITEM 1.
ITEM 2.
ITEM 3.
ITEM 4.
ITEM 1.
ITEM 1A.
ITEM 2.
ITEM 3.
ITEM 4.
ITEM 5.
ITEM 6.

2


NOTE ON FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-Q (this “Form 10-Q”) of RenaissanceRe Holdings Ltd. (the “Company” or “RenaissanceRe”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, us. In particular, statements using words such as “may,” “should,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “predict,” “potential,” or words of similar import generally involve forward-looking statements. For example, we may include certain forward-looking statements in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” with regard to trends in results, prices, volumes, operations, investment results, margins, combined ratios, fees, reserves, market conditions, risk management and exchange rates. This Form 10-Q also contains forward-looking statements with respect to our business and industry, such as those relating to our strategy and management objectives, market standing and product volumes, competition and new entrants in our industry, industry capital, insured losses from loss events, government initiatives and regulatory matters affecting the reinsurance and insurance industries.
The inclusion of forward-looking statements in this report should not be considered as a representation by us or any other person that our current objectives or plans will be achieved. Numerous factors could cause our actual results to differ materially from those addressed by the forward-looking statements, including the following:
the uncertainty of the continuing impact of the COVID-19 pandemic and measures taken in response thereto;
the effect of legislative, regulatory, judicial or social influences related to the COVID-19 pandemic on our financial performance, including the emergence of unexpected or un-modeled insurance or reinsurance losses and our ability to conduct our business;
the impact and potential future impacts of the COVID-19 pandemic on the value of our investments and our access to capital in the future or the pricing or terms of available financing;
the effect that measures taken to mitigate the COVID-19 pandemic have on our operations and those of our counterparties;
the frequency and severity of catastrophic and other events we cover;
the effectiveness of our claims and claim expense reserving process;
the effect of climate change on our business, including the trend towards increasingly frequent and severe climate events;
our ability to maintain our financial strength ratings;
the effect of emerging claims and coverage issues;
collection on claimed retrocessional coverage, and new retrocessional reinsurance being available on acceptable terms and providing the coverage that we intended to obtain;
our reliance on a small and decreasing number of reinsurance brokers and other distribution services for the preponderance of our revenue;
our exposure to credit loss from counterparties in the normal course of business;
the effect of continued challenging economic conditions throughout the world;
the performance of our investment portfolio;
a contention by the United States (the “U.S.”) Internal Revenue Service that Renaissance Reinsurance Ltd. (“Renaissance Reinsurance”), or any of our other Bermuda subsidiaries, is subject to taxation in the U.S.;
3


the effects of U.S. tax reform legislation and possible future tax reform legislation and regulations, including changes to the tax treatment of our shareholders or investors in our joint ventures or other entities we manage;
the effect of cybersecurity risks, including technology breaches or failure, on our business;
the success of any of our strategic investments or acquisitions, including our ability to manage our operations as our product and geographical diversity increases;
our ability to retain our key senior officers and to attract or retain the executives and employees necessary to manage our business;
our ability to effectively manage capital on behalf of investors in joint ventures or other entities we manage;
foreign currency exchange rate fluctuations;
soft reinsurance underwriting market conditions;
changes in the method for determining the London Inter-bank Offered Rate (“LIBOR”) and the potential replacement of LIBOR;
losses we could face from terrorism, political unrest or war;
our ability to successfully implement our business strategies and initiatives;
our ability to determine any impairments taken on our investments;
the effects of inflation;
the ability of our ceding companies and delegated authority counterparties to accurately assess the risks they underwrite;
the effect of operational risks, including system or human failures;
our ability to raise capital if necessary;
our ability to comply with covenants in our debt agreements;
changes to the regulatory systems under which we operate, including as a result of increased global regulation of the insurance and reinsurance industries;
changes in Bermuda laws and regulations and the political environment in Bermuda;
our dependence on the ability of our operating subsidiaries to declare and pay dividends;
aspects of our corporate structure that may discourage third-party takeovers and other transactions;
difficulties investors may have in servicing process or enforcing judgments against us in the U.S.;
the cyclical nature of the reinsurance and insurance industries;
adverse legislative developments that reduce the size of the private markets we serve or impede their future growth;
consolidation of competitors, customers and insurance and reinsurance brokers;
the effect on our business of the highly competitive nature of our industry, including the effect of new entrants to, competing products for and consolidation in the (re)insurance industry;
other political, regulatory or industry initiatives adversely impacting us;
our ability to comply with applicable sanctions and foreign corrupt practices laws;
increasing barriers to free trade and the free flow of capital;
international restrictions on the writing of reinsurance by foreign companies and government intervention in the natural catastrophe market;
the effect of Organisation for Economic Co-operation and Development or European Union (“EU”) measures to increase our taxes and reporting requirements;
4


changes in regulatory regimes and accounting rules that may impact financial results irrespective of business operations;
our need to make many estimates and judgments in the preparation of our financial statements; and
the effect of the exit by the United Kingdom (the “U.K.”) from the EU.
As a consequence, our future financial condition and results may differ from those expressed in any forward-looking statements made by or on behalf of us. The factors listed above, which are discussed in more detail in our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2019, Part II, Item 1A of this Quarterly Report on Form 10-Q and our prospectus supplement dated June 4, 2020, should not be construed as exhaustive. The effects of the events and circumstances described in the risk factors contained in this Form 10-Q may have the effect of heightening many of the risks contained in our Form 10-K. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update forward-looking statements to reflect new information, events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
5


PART I  FINANCIAL INFORMATION
ITEM 1.  FINANCIAL STATEMENTS
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
  Page
6


RenaissanceRe Holdings Ltd. and Subsidiaries
Consolidated Balance Sheets
(in thousands of United States Dollars, except share and per share amounts)
June 30,
2020
December 31,
2019
Assets (Unaudited) (Audited)
Fixed maturity investments trading, at fair value – amortized cost $12,188,507 at June 30, 2020 (December 31, 2019 – $11,067,414)
$ 12,495,135    $ 11,171,655   
Short term investments, at fair value 5,570,804    4,566,277   
Equity investments trading, at fair value 470,087    436,931   
Other investments, at fair value 1,093,338    1,087,377   
Investments in other ventures, under equity method 94,285    106,549   
Total investments 19,723,649    17,368,789   
Cash and cash equivalents 1,185,844    1,379,068   
Premiums receivable 3,519,965    2,599,896   
Prepaid reinsurance premiums 1,266,203    767,781   
Reinsurance recoverable 2,774,358    2,791,297   
Accrued investment income 70,004    72,461   
Deferred acquisition costs and value of business acquired 734,286    663,991   
Receivable for investments sold 648,458    78,369   
Other assets 298,396    346,216   
Goodwill and other intangible assets 258,591    262,226   
Total assets $ 30,479,754    $ 26,330,094   
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses $ 9,365,469    $ 9,384,349   
Unearned premiums 3,549,641    2,530,975   
Debt 1,135,216    1,384,105   
Reinsurance balances payable 4,094,027    2,830,691   
Payable for investments purchased 1,259,116    225,275   
Other liabilities 342,014    932,024   
Total liabilities 19,745,483    17,287,419   
Commitments and Contingencies
Redeemable noncontrolling interests 3,387,099    3,071,308   
Shareholders’ Equity
Preference shares: $1.00 par value – 11,010,000 shares issued and outstanding at June 30, 2020 (December 31, 2019 – 16,010,000)
525,000    650,000   
Common shares: $1.00 par value – 50,811,098 shares issued and outstanding at June 30, 2020 (December 31, 2019 – 44,148,116)
50,811    44,148   
Additional paid-in capital 1,602,738    568,277   
Accumulated other comprehensive loss (3,066)   (1,939)  
Retained earnings 5,171,689    4,710,881   
Total shareholders’ equity attributable to RenaissanceRe 7,347,172    5,971,367   
Total liabilities, noncontrolling interests and shareholders’ equity
$ 30,479,754    $ 26,330,094   



See accompanying notes to the consolidated financial statements
7


RenaissanceRe Holdings Ltd. and Subsidiaries
Consolidated Statements of Operations
For the three and six months ended June 30, 2020 and 2019
(in thousands of United States Dollars, except per share amounts) (Unaudited)
Three months ended Six months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Revenues
Gross premiums written
$ 1,701,872    $ 1,476,908    $ 3,727,593    $ 3,041,203   
Net premiums written
$ 1,180,803    $ 1,022,965    $ 2,450,611    $ 1,951,996   
Increase in unearned premiums
(170,707)   (111,463)   (527,417)   (490,466)  
Net premiums earned
1,010,096    911,502    1,923,194    1,461,530   
Net investment income
89,305    118,588    188,778    200,682   
Net foreign exchange (losses) gains
(7,195)   9,309    (12,923)   6,463   
Equity in earnings of other ventures
9,041    6,812    13,605    11,473   
Other (loss) income
(1,201)   922    (5,637)   4,093   
Net realized and unrealized gains on investments
448,390    191,247    337,683    361,260   
Total revenues 1,548,436    1,238,380    2,444,700    2,045,501   
Expenses
Net claims and claim expenses incurred 510,272    453,373    1,081,226    680,408   
Acquisition expenses 233,610    227,482    444,214    351,433   
Operational expenses 49,077    59,814    116,538    104,747   
Corporate expenses 11,898    23,847    27,889    62,636   
Interest expense 11,842    15,534    26,769    27,288   
Total expenses 816,699    780,050    1,696,636    1,226,512   
Income before taxes
731,737    458,330    748,064    818,989   
Income tax expense (29,875)   (9,475)   (21,029)   (17,006)  
Net income 701,862    448,855    727,035    801,983   
Net income attributable to redeemable noncontrolling interests
(118,728)   (71,812)   (216,819)   (142,034)  
Net income attributable to RenaissanceRe
583,134    377,043    510,216    659,949   
Dividends on preference shares (7,289)   (9,189)   (16,345)   (18,378)  
Net income available to RenaissanceRe common shareholders
$ 575,845    $ 367,854    $ 493,871    $ 641,571   
Net income available to RenaissanceRe common shareholders per common share – basic
$ 12.64    $ 8.36    $ 11.04    $ 14.82   
Net income available to RenaissanceRe common shareholders per common share – diluted
$ 12.63    $ 8.35    $ 11.02    $ 14.81   
Dividends per common share
$ 0.35    $ 0.34    $ 0.70    $ 0.68   








See accompanying notes to the consolidated financial statements
8


RenaissanceRe Holdings Ltd. and Subsidiaries
Consolidated Statements of Comprehensive Income
For the three and six months ended June 30, 2020 and 2019
(in thousands of United States Dollars) (Unaudited) 
Three months ended Six months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Comprehensive income
Net income $ 701,862    $ 448,855    $ 727,035    $ 801,983   
Change in net unrealized (losses) gains on investments, net of tax
(1,488)   1,309    (2,145)   1,272   
Foreign currency translation adjustments, net of tax
86    (3,708)   1,018    (3,708)  
Comprehensive income 700,460    446,456    725,908    799,547   
Net income attributable to redeemable noncontrolling interests
(118,728)   (71,812)   (216,819)   (142,034)  
Comprehensive income attributable to redeemable noncontrolling interests
(118,728)   (71,812)   (216,819)   (142,034)  
Comprehensive income attributable to RenaissanceRe
$ 581,732    $ 374,644    $ 509,089    $ 657,513   
 






















See accompanying notes to the consolidated financial statements
9


RenaissanceRe Holdings Ltd. and Subsidiaries
Consolidated Statements of Changes in Shareholders’ Equity
For the three and six months ended June 30, 2020 and 2019
(in thousands of United States Dollars) (Unaudited) 
Three months ended Six months ended
June 30,
2020
June 30,
2019
June 30,
2020
June 30,
2019
Preference shares
Beginning balance $ 525,000    $ 650,000    $ 650,000    $ 650,000   
Repurchase of shares
        (125,000)      
Ending balance 525,000    650,000    525,000    650,000   
Common shares
Beginning balance 44,034    44,159    44,148    42,207   
Issuance of shares
6,777        6,777    1,739   
Repurchase of shares
        (406)      
Exercise of options and issuance of restricted stock awards
    3    292    216   
Ending balance 50,811    44,162    50,811    44,162   
Additional paid-in capital
Beginning balance 502,608    543,889    568,277    296,099   
Issuance of shares
1,088,772        1,088,772    248,259   
Repurchase of shares
        (62,215)      
Change in redeemable noncontrolling interests
(4)   (213)   (353)   (216)  
Exercise of options and issuance of restricted stock awards
11,362    8,534    8,257    8,068   
Ending balance 1,602,738    552,210    1,602,738    552,210   
Accumulated other comprehensive loss
Beginning balance (1,664)   (1,470)   (1,939)   (1,433)  
Change in net unrealized losses on investments, net of tax
(1,488)   1,309    (2,145)   1,272   
Foreign currency translation adjustments, net of tax
86    (3,708)   1,018    (3,708)  
Ending balance (3,066)   (3,869)   (3,066)   (3,869)  
Retained earnings
Beginning balance 4,613,548    4,317,455    4,710,881    4,058,207   
Net income
701,862    448,855    727,035    801,983   
Net income attributable to redeemable noncontrolling interests
(118,728)   (71,812)   (216,819)   (142,034)  
Dividends on common shares
(17,704)   (14,970)   (33,063)   (29,439)  
Dividends on preference shares
(7,289)   (9,189)   (16,345)   (18,378)  
Ending balance
5,171,689    4,670,339    5,171,689    4,670,339   
Total shareholders’ equity
$ 7,347,172    $ 5,912,842    $ 7,347,172    $ 5,912,842   
 




See accompanying notes to the consolidated financial statements
10


RenaissanceRe Holdings Ltd. and Subsidiaries
Consolidated Statements of Cash Flows
For the six months ended June 30, 2020 and 2019
(in thousands of United States Dollars) (Unaudited)
Six months ended
June 30,
2020
June 30,
2019
Cash flows provided by operating activities
Net income $ 727,035    $ 801,983   
Adjustments to reconcile net income to net cash provided by operating activities
Amortization, accretion and depreciation (8,526)   (16,529)  
Equity in undistributed earnings of other ventures
1,388    5,380   
Net realized and unrealized gains on investments
(337,683)   (361,260)  
Change in:
Premiums receivable (