A new method of treating maximum wave height as a random variable in reliability analysis of breakwater caissons is proposed. The maximum wave height is expressed as the significant wave height multiplied by the so-called wave height ratio. The proposed wave height ratio is a type of transfer function from the significant wave height to the maximum wave height. Under the condition of a breaking wave, the ratio is intrinsically nonlinear. Therefore, the probability density function for the variable cannot be easily defined. In this study, however, it can be derived from the relationship between the maximum and significant waves in a nonbreaking environment. Some examples are shown to validate the derived probability density function for the wave ratio parameter. By introducing the wave height ratio into reliability analysis of caisson breakwater, the maximum wave height can be used as an independent and primary random variable, which means that the risk of caisson failure during its lifetime can be evaluated realistically. A new method of treating maximum wave height as a random variable in reliability analysis of breakwater caissons is proposed. The maximum wave height is expressed as the significant wave height multiplied by the so-called wave height ratio. The proposed wave height ratio is a type Under the condition of a breaking wave, the ratio is intrinsically nonlinear. Therefore, the probability density function for the variable can not be easily defined. be derived from the relationship between the maximum and significant waves in a nonbreaking environment. Some examples are shown validated the derived probability density function for the wave ratio parameter. By introducing the wave height ratio into reliability analysis of caisson breakwater, the maximum wave height can be used as an independent and primary random variable, which means that the risk of caisson failure during its lif etime can be evaluated realistically.