v2.3.0.15

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries | 9 Months Ended
--- | ---
Sep. 30, 2011
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries |
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries |
NOTE 12. | CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES
The following tables present condensed consolidating balance sheets at September 30, 2011 and December 31, 2010, condensed consolidating statements of operations for the three and nine months ended September 30, 2011 and 2010, and statements of cash flows for the nine months ended September 30, 2011 and 2010, respectively, for RenaissanceRe, RRNAH and RenaissanceRe's other subsidiaries. RRNAH is a wholly owned subsidiary of RenaissanceRe. On March 17, 2010, RRNAH issued, and RenaissanceRe guaranteed, $250.0 million of 5.75% Senior Notes due March 15, 2020, with interest on the notes payable on March 15 and September 15. The notes can be redeemed by RRNAH prior to maturity subject to payment of a "make-whole" premium. The notes, which are senior obligations, contain various covenants, including limitations on mergers and consolidations, restrictions as to the disposition of the stock of designated subsidiaries and limitations on liens of the stock of designated subsidiaries.
Condensed Consolidating Balance Sheet September 30, 2011 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments |  | $ | 609,060 |  |  | $ | 126,002 |  |  | $ | 5,520,948 |  |  | $ | — |  |  | $ | 6,256,010 |
Cash and cash equivalents |  |  | 7,706 |  |  |  | 5,166 |  |  |  | 222,186 |  |  |  | — |  |  |  | 235,058 |
Investments in subsidiaries |  |  | 2,801,567 |  |  |  | 131,967 |  |  |  | — |  |  |  | (2,933,534 | ) |  |  | — |
Due from subsidiaries and affiliates |  |  | 55,016 |  |  |  | — |  |  |  | — |  |  |  | (55,016 | ) |  |  | — |
Premiums receivable |  |  | — |  |  |  | — |  |  |  | 695,163 |  |  |  | — |  |  |  | 695,163 |
Prepaid reinsurance premiums |  |  | — |  |  |  | — |  |  |  | 164,547 |  |  |  | — |  |  |  | 164,547 |
Reinsurance recoverable |  |  | — |  |  |  | — |  |  |  | 434,553 |  |  |  | — |  |  |  | 434,553 |
Accrued investment income |  |  | 5,240 |  |  |  | 703 |  |  |  | 28,294 |  |  |  | — |  |  |  | 34,237 |
Deferred acquisition costs |  |  | — |  |  |  | — |  |  |  | 71,225 |  |  |  | — |  |  |  | 71,225 |
Other assets |  |  | 207,912 |  |  |  | 17,880 |  |  |  | 200,424 |  |  |  | (202,081 | ) |  |  | 224,135 |
Assets of discontinued operations held for sale |  |  | — |  |  |  | 2,481 |  |  |  | — |  |  |  | — |  |  |  | 2,481 |
Total assets |  | $ | 3,686,501 |  |  | $ | 284,199 |  |  | $ | 7,337,340 |  |  | $ | (3,190,631 | ) |  | $ | 8,117,409 |
Liabilities, Noncontrolling Interests and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses |  | $ | — |  |  | $ | — |  |  | $ | 2,226,005 |  |  | $ | — |  |  | $ | 2,226,005 |
Unearned premiums |  |  | — |  |  |  | — |  |  |  | 623,596 |  |  |  | — |  |  |  | 623,596 |
Debt |  |  | 124,000 |  |  |  | 249,224 |  |  |  | — |  |  |  | (24,000 | ) |  |  | 349,224 |
Amounts due to subsidiaries and affiliates |  |  | — |  |  |  | 3,222 |  |  |  | — |  |  |  | (3,222 | ) |  |  | — |
Reinsurance balances payable |  |  | — |  |  |  | — |  |  |  | 317,627 |  |  |  | — |  |  |  | 317,627 |
Other liabilities |  |  | 14,687 |  |  |  | 11,496 |  |  |  | 381,731 |  |  |  | (208 | ) |  |  | 407,706 |
Liabilities of discontinued operations held for sale |  |  | — |  |  |  | 9,098 |  |  |  | — |  |  |  | — |  |  |  | 9,098 |
Total liabilities |  |  | 138,687 |  |  |  | 273,040 |  |  |  | 3,548,959 |  |  |  | (27,430 | ) |  |  | 3,933,256 |
Redeemable noncontrolling interest - DaVinciRe |  |  | — |  |  |  | — |  |  |  | 633,112 |  |  |  | — |  |  |  | 633,112 |
Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders' equity |  |  | 3,547,814 |  |  |  | 11,159 |  |  |  | 3,155,269 |  |  |  | (3,163,201 | ) |  |  | 3,551,041 |
Total liabilities, noncontrolling interests and shareholders' equity |  | $ | 3,686,501 |  |  | $ | 284,199 |  |  | $ | 7,337,340 |  |  | $ | (3,190,631 | ) |  | $ | 8,117,409 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet December 31, 2010 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments |  | $ | 517,640 |  |  | $ | 12,560 |  |  | $ | 5,570,012 |  |  | $ | — |  |  | $ | 6,100,212 |
Cash and cash equivalents |  |  | 3,414 |  |  |  | 3,940 |  |  |  | 270,384 |  |  |  | — |  |  |  | 277,738 |
Investments in subsidiaries |  |  | 3,533,266 |  |  |  | 140,923 |  |  |  | — |  |  |  | (3,674,189 | ) |  |  | — |
Due from subsidiaries and affiliates |  |  | 145,298 |  |  |  | — |  |  |  | — |  |  |  | (145,298 | ) |  |  | — |
Premiums receivable |  |  | — |  |  |  | — |  |  |  | 322,080 |  |  |  | — |  |  |  | 322,080 |
Prepaid reinsurance premiums |  |  | — |  |  |  | — |  |  |  | 60,643 |  |  |  | — |  |  |  | 60,643 |
Reinsurance recoverable |  |  | — |  |  |  | — |  |  |  | 101,711 |  |  |  | — |  |  |  | 101,711 |
Accrued investment income |  |  | 3,720 |  |  |  | 5 |  |  |  | 30,835 |  |  |  | — |  |  |  | 34,560 |
Deferred acquisition costs |  |  | — |  |  |  | — |  |  |  | 35,648 |  |  |  | — |  |  |  | 35,648 |
Other assets |  |  | 139,654 |  |  |  | 2,307 |  |  |  | 318,077 |  |  |  | (126,499 | ) |  |  | 333,539 |
Assets of discontinued operations held for sale |  |  | — |  |  |  | 872,147 |  |  |  | — |  |  |  | — |  |  |  | 872,147 |
Total assets |  | $ | 4,342,992 |  |  | $ | 1,031,882 |  |  | $ | 6,709,390 |  |  | $ | (3,945,986 | ) |  | $ | 8,138,278 |
Liabilities, Noncontrolling Interests and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses |  | $ | — |  |  | $ | — |  |  | $ | 1,257,843 |  |  | $ | — |  |  | $ | 1,257,843 |
Unearned premiums |  |  | — |  |  |  | — |  |  |  | 286,183 |  |  |  | — |  |  |  | 286,183 |
Debt |  |  | 377,512 |  |  |  | 374,196 |  |  |  | 200,000 |  |  |  | (402,553 | ) |  |  | 549,155 |
Amounts due to subsidiaries and affiliates |  |  | — |  |  |  | 843 |  |  |  | — |  |  |  | (843 | ) |  |  | — |
Reinsurance balances payable |  |  | — |  |  |  | — |  |  |  | 318,024 |  |  |  | — |  |  |  | 318,024 |
Other liabilities |  |  | 29,155 |  |  |  | 22,623 |  |  |  | 379,915 |  |  |  | — |  |  |  | 431,693 |
Liabilities of discontinued operations held for sale |  |  | — |  |  |  | 598,511 |  |  |  | — |  |  |  | — |  |  |  | 598,511 |
Total liabilities |  |  | 406,667 |  |  |  | 996,173 |  |  |  | 2,441,965 |  |  |  | (403,396 | ) |  |  | 3,441,409 |
Redeemable noncontrolling interest - DaVinciRe |  |  | — |  |  |  | — |  |  |  | 757,655 |  |  |  | — |  |  |  | 757,655 |
Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders' equity |  |  | 3,936,325 |  |  |  | 35,709 |  |  |  | 3,509,770 |  |  |  | (3,542,590 | ) |  |  | 3,939,214 |
Total liabilities, noncontrolling interests and shareholders' equity |  | $ | 4,342,992 |  |  | $ | 1,031,882 |  |  | $ | 6,709,390 |  |  | $ | (3,945,986 | ) |  | $ | 8,138,278 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations For the three months ended September 30, 2011 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned |  | $ | — |  |  | $ | — |  |  | $ | 229,224 |  |  | $ | — |  |  | $ | 229,224 |
Net investment income (loss) |  |  | 5,266 |  |  |  | 423 |  |  |  | (31,756 | ) |  |  | (1,873 | ) |  |  | (27,940 | )
Net foreign exchange losses |  |  | (120 | ) |  |  | — |  |  |  | (2,530 | ) |  |  | — |  |  |  | (2,650 | )
Equity in earnings of other ventures |  |  | — |  |  |  | — |  |  |  | 4,794 |  |  |  | — |  |  |  | 4,794 |
Other loss |  |  | (367 | ) |  |  | — |  |  |  | (1,648 | ) |  |  | — |  |  |  | (2,015 | )
Net realized and unrealized gains on investments |  |  | 9,741 |  |  |  | 3,067 |  |  |  | 4,175 |  |  |  | — |  |  |  | 16,983 |
Net other-than-temporary impairments |  |  | — |  |  |  | — |  |  |  | (449 | ) |  |  | — |  |  |  | (449 | )
Total revenues |  |  | 14,520 |  |  |  | 3,490 |  |  |  | 201,810 |  |  |  | (1,873 | ) |  |  | 217,947 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred |  |  | — |  |  |  | — |  |  |  | 77,830 |  |  |  | — |  |  |  | 77,830 |
Acquisition expenses |  |  | — |  |  |  | — |  |  |  | 26,057 |  |  |  | — |  |  |  | 26,057 |
Operational expenses |  |  | (979 | ) |  |  | 2,197 |  |  |  | 40,951 |  |  |  | — |  |  |  | 42,169 |
Corporate expenses |  |  | 3,045 |  |  |  | 60 |  |  |  | 477 |  |  |  | — |  |  |  | 3,582 |
Interest expense |  |  | 1,469 |  |  |  | 3,616 |  |  |  | (8,557 | ) |  |  | 9,194 |  |  |  | 5,722 |
Total expenses |  |  | 3,535 |  |  |  | 5,873 |  |  |  | 136,758 |  |  |  | 9,194 |  |  |  | 155,360 |
Income (loss) before equity in net income (loss) of subsidiaries and taxes |  |  | 10,985 |  |  |  | (2,383 | ) |  |  | 65,052 |  |  |  | (11,067 | ) |  |  | 62,587 |
Equity in net income (loss) of subsidiaries |  |  | 47,028 |  |  |  | (2,689 | ) |  |  | — |  |  |  | (44,339 | ) |  |  | — |
Income (loss) from continuing operations before taxes |  |  | 58,013 |  |  |  | (5,072 | ) |  |  | 65,052 |  |  |  | (55,406 | ) |  |  | 62,587 |
Income tax benefit |  |  | — |  |  |  | 1,077 |  |  |  | 358 |  |  |  | — |  |  |  | 1,435 |
Income (loss) from continuing operations |  |  | 58,013 |  |  |  | (3,995 | ) |  |  | 65,410 |  |  |  | (55,406 | ) |  |  | 64,022 |
Loss from discontinued operations |  |  | — |  |  |  | (965 | ) |  |  | — |  |  |  | — |  |  |  | (965 | )
Net income (loss) |  |  | 58,013 |  |  |  | (4,960 | ) |  |  | 65,410 |  |  |  | (55,406 | ) |  |  | 63,057 |
Net income attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (5,044 | ) |  |  | — |  |  |  | (5,044 | )
Net income (loss) attributable to RenaissanceRe |  |  | 58,013 |  |  |  | (4,960 | ) |  |  | 60,366 |  |  |  | (55,406 | ) |  |  | 58,013 |
Dividends on preference shares |  |  | (8,750 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,750 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders |  | $ | 49,263 |  |  | $ | (4,960 | ) |  | $ | 60,366 |  |  | $ | (55,406 | ) |  | $ | 49,263 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations For the nine months ended September 30, 2011 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned |  | $ | — |  |  | $ | — |  |  | $ | 751,940 |  |  | $ | — |  |  | $ | 751,940 |
Net investment income |  |  | 16,016 |  |  |  | 642 |  |  |  | 52,887 |  |  |  | (3,876 | ) |  |  | 65,669 |
Net foreign exchange losses |  |  | (24 | ) |  |  | — |  |  |  | (6,487 | ) |  |  | — |  |  |  | (6,511 | )
Equity in losses of other ventures |  |  | — |  |  |  | — |  |  |  | (13,831 | ) |  |  | — |  |  |  | (13,831 | )
Other (loss) income |  |  | (172 | ) |  |  | — |  |  |  | 43,135 |  |  |  | — |  |  |  | 42,963 |
Net realized and unrealized gains on investments |  |  | 12,073 |  |  |  | 3,028 |  |  |  | 31,647 |  |  |  | — |  |  |  | 46,748 |
Net other-than-temporary impairments |  |  | — |  |  |  | — |  |  |  | (449 | ) |  |  | — |  |  |  | (449 | )
Total revenues |  |  | 27,893 |  |  |  | 3,670 |  |  |  | 858,842 |  |  |  | (3,876 | ) |  |  | 886,529 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred |  |  | — |  |  |  | — |  |  |  | 857,628 |  |  |  | — |  |  |  | 857,628 |
Acquisition expenses |  |  | — |  |  |  | — |  |  |  | 72,275 |  |  |  | — |  |  |  | 72,275 |
Operational expenses |  |  | (3,395 | ) |  |  | 5,241 |  |  |  | 124,452 |  |  |  | — |  |  |  | 126,298 |
Corporate expenses |  |  | 8,560 |  |  |  | 169 |  |  |  | 928 |  |  |  | — |  |  |  | 9,657 |
Interest expense |  |  | 9,003 |  |  |  | 10,951 |  |  |  | (6,803 | ) |  |  | 4,496 |  |  |  | 17,647 |
Total expenses |  |  | 14,168 |  |  |  | 16,361 |  |  |  | 1,048,480 |  |  |  | 4,496 |  |  |  | 1,083,505 |
Income (loss) before equity in net loss of subsidiaries and taxes |  |  | 13,725 |  |  |  | (12,691 | ) |  |  | (189,638 | ) |  |  | (8,372 | ) |  |  | (196,976 | )
Equity in net loss of subsidiaries |  |  | (161,771 | ) |  |  | (3,421 | ) |  |  | — |  |  |  | 165,192 |  |  |  | — |
Loss from continuing operations before taxes |  |  | (148,046 | ) |  |  | (16,112 | ) |  |  | (189,638 | ) |  |  | 156,820 |  |  |  | (196,976 | )
Income tax benefit (expense) |  |  | 290 |  |  |  | 4,154 |  |  |  | (1,184 | ) |  |  | — |  |  |  | 3,260 |
Loss from continuing operations |  |  | (147,756 | ) |  |  | (11,958 | ) |  |  | (190,822 | ) |  |  | 156,820 |  |  |  | (193,716 | )
Loss from discontinued operations |  |  | — |  |  |  | (12,585 | ) |  |  | — |  |  |  | — |  |  |  | (12,585 | )
Net loss |  |  | (147,756 | ) |  |  | (24,543 | ) |  |  | (190,822 | ) |  |  | 156,820 |  |  |  | (206,301 | )
Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 58,545 |  |  |  | — |  |  |  | 58,545 |
Net loss attributable to RenaissanceRe |  |  | (147,756 | ) |  |  | (24,543 | ) |  |  | (132,277 | ) |  |  | 156,820 |  |  |  | (147,756 | )
Dividends on preference shares |  |  | (26,250 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26,250 | )
Net loss attributable to RenaissanceRe common shareholders |  | $ | (174,006 | ) |  | $ | (24,543 | ) |  | $ | (132,277 | ) |  | $ | 156,820 |  |  | $ | (174,006 | )
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations For the three months ended September 30, 2010 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned |  | $ | — |  |  | $ | — |  |  | $ | 212,355 |  |  | $ | — |  |  | $ | 212,355 |
Net investment income |  |  | 1,559 |  |  |  | 21 |  |  |  | 57,990 |  |  |  | — |  |  |  | 59,570 |
Net foreign exchange gains (losses) |  |  | 197 |  |  |  | — |  |  |  | (726 | ) |  |  | — |  |  |  | (529 | )
Equity in losses of other ventures |  |  | — |  |  |  | — |  |  |  | (6,740 | ) |  |  | — |  |  |  | (6,740 | )
Other income |  |  | 212 |  |  |  | (34 | ) |  |  | 24,843 |  |  |  | — |  |  |  | 25,021 |
Net realized and unrealized gains on fixed maturity investments |  |  | 12,683 |  |  |  | — |  |  |  | 79,659 |  |  |  | — |  |  |  | 92,342 |
Total revenues |  |  | 14,651 |  |  |  | (13 | ) |  |  | 367,381 |  |  |  | — |  |  |  | 382,019 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred |  |  | — |  |  |  | — |  |  |  | 77,936 |  |  |  | — |  |  |  | 77,936 |
Acquisition expenses |  |  | — |  |  |  | — |  |  |  | 26,143 |  |  |  | — |  |  |  | 26,143 |
Operational expenses |  |  | (1,176 | ) |  |  | 2,162 |  |  |  | 37,392 |  |  |  | (1,408 | ) |  |  | 36,970 |
Corporate expenses |  |  | 4,908 |  |  |  | 63 |  |  |  | 619 |  |  |  | — |  |  |  | 5,590 |
Interest expense |  |  | 1,469 |  |  |  | 3,537 |  |  |  | 4,695 |  |  |  | (3,537 | ) |  |  | 6,164 |
Total expenses |  |  | 5,201 |  |  |  | 5,762 |  |  |  | 146,785 |  |  |  | (4,945 | ) |  |  | 152,803 |
Income (loss) before equity in net income (loss) of subsidiaries and taxes |  |  | 9,450 |  |  |  | (5,775 | ) |  |  | 220,596 |  |  |  | 4,945 |  |  |  | 229,216 |
Equity in net income (loss) of subsidiaries |  |  | 205,875 |  |  |  | (19,506 | ) |  |  | — |  |  |  | (186,369 | ) |  |  | — |
Income (loss) from continuing operations before taxes |  |  | 215,325 |  |  |  | (25,281 | ) |  |  | 220,596 |  |  |  | (181,424 | ) |  |  | 229,216 |
Income tax benefit (expense) |  |  | — |  |  |  | 6,758 |  |  |  | (4,359 | ) |  |  | — |  |  |  | 2,399 |
Income (loss) from continuing operations |  |  | 215,325 |  |  |  | (18,523 | ) |  |  | 216,237 |  |  |  | (181,424 | ) |  |  | 231,615 |
Income from discontinued operations |  |  | — |  |  |  | 21,234 |  |  |  | — |  |  |  | — |  |  |  | 21,234 |
Net income |  |  | 215,325 |  |  |  | 2,711 |  |  |  | 216,237 |  |  |  | (181,424 | ) |  |  | 252,849 |
Net income attributable to redeemable noncontrolling interest - DaVinciRe |  |  | — |  |  |  | — |  |  |  | (37,524 | ) |  |  | — |  |  |  | (37,524 | )
Net income attributable to RenaissanceRe |  |  | 215,325 |  |  |  | 2,711 |  |  |  | 178,713 |  |  |  | (181,424 | ) |  |  | 215,325 |
Dividends on preference shares |  |  | (10,575 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,575 | )
Net income available to RenaissanceRe common shareholders |  | $ | 204,750 |  |  | $ | 2,711 |  |  | $ | 178,713 |  |  | $ | (181,424 | ) |  | $ | 204,750 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations For the nine months ended September 30, 2010 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | Consolidating Adjustments (2) |  |  | RenaissanceRe Consolidated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned |  | $ | — |  |  | $ | — |  |  | $ | 675,179 |  |  | $ | — |  |  | $ | 675,179 |
Net investment income |  |  | 4,614 |  |  |  | 901 |  |  |  | 145,937 |  |  |  | — |  |  |  | 151,452 |
Net foreign exchange losses |  |  | (498 | ) |  |  | — |  |  |  | (11,982 | ) |  |  | — |  |  |  | (12,480 | )
Equity in losses of other ventures |  |  | — |  |  |  | — |  |  |  | (1,424 | ) |  |  | — |  |  |  | (1,424 | )
Other income |  |  | 479 |  |  |  | (34 | ) |  |  | 14,643 |  |  |  | — |  |  |  | 15,088 |
Net realized and unrealized gains (losses) on fixed maturity investments |  |  | 19,248 |  |  |  | (2,432 | ) |  |  | 193,777 |  |  |  | — |  |  |  | 210,593 |
Net other-than-temporary impairments |  |  | — |  |  |  | — |  |  |  | (829 | ) |  |  | — |  |  |  | (829 | )
Total revenues |  |  | 23,843 |  |  |  | (1,565 | ) |  |  | 1,015,301 |  |  |  | — |  |  |  | 1,037,579 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred |  |  | — |  |  |  | — |  |  |  | 156,473 |  |  |  | — |  |  |  | 156,473 |
Acquisition expenses |  |  | — |  |  |  | — |  |  |  | 76,158 |  |  |  | — |  |  |  | 76,158 |
Operational expenses |  |  | (2,584 | ) |  |  | 3,696 |  |  |  | 119,048 |  |  |  | — |  |  |  | 120,160 |
Corporate expenses |  |  | 13,281 |  |  |  | 136 |  |  |  | 1,975 |  |  |  | — |  |  |  | 15,392 |
Interest expense |  |  | 4,374 |  |  |  | 10,860 |  |  |  | 11,152 |  |  |  | (10,860 | ) |  |  | 15,526 |
Total expenses |  |  | 15,071 |  |  |  | 14,692 |  |  |  | 364,806 |  |  |  | (10,860 | ) |  |  | 383,709 |
Income (loss) before equity in net income (loss) of subsidiaries and taxes |  |  | 8,772 |  |  |  | (16,257 | ) |  |  | 650,495 |  |  |  | 10,860 |  |  |  | 653,870 |
Equity in net income (loss) of subsidiaries |  |  | 602,991 |  |  |  | (47,756 | ) |  |  | — |  |  |  | (555,235 | ) |  |  | — |
Income (loss) before taxes |  |  | 611,763 |  |  |  | (64,013 | ) |  |  | 650,495 |  |  |  | (544,375 | ) |  |  | 653,870 |
Income tax benefit (expense) |  |  | — |  |  |  | 10,684 |  |  |  | (4,364 | ) |  |  | — |  |  |  | 6,320 |
Income (loss) from continuing operations |  |  | 611,763 |  |  |  | (53,329 | ) |  |  | 646,131 |  |  |  | (544,375 | ) |  |  | 660,190 |
Income from discontinued operations |  |  |  |  |  |  | 51,562 |  |  |  |  |  |  |  |  |  |  |  | 51,562 |
Net income (loss) |  |  | 611,763 |  |  |  | (1,767 | ) |  |  | 646,131 |  |  |  | (544,375 | ) |  |  | 711,752 |
Net income attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (99,989 | ) |  |  | — |  |  |  | (99,989 | )
Net income (loss) attributable to RenaissanceRe |  |  | 611,763 |  |  |  | (1,767 | ) |  |  | 546,142 |  |  |  | (544,375 | ) |  |  | 611,763 |
Dividends on preference shares |  |  | (31,725 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (31,725 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders |  | $ | 580,038 |  |  | $ | (1,767 | ) |  | $ | 546,142 |  |  | $ | (544,375 | ) |  | $ | 580,038 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Cash Flows For the nine months ended September 30, 2011 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | RenaissanceRe Consolidated |
Cash flows (used in) provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  | $ | (71,737 | ) |  | $ | (32,579 | ) |  | $ | 298,802 |  |  | $ | 194,486 |
Cash flows provided by investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading |  |  | 279,923 |  |  |  | 198,641 |  |  |  | 4,293,064 |  |  |  | 4,771,628 |
Purchases of fixed maturity investments trading |  |  | (489,766 | ) |  |  | (282,627 | ) |  |  | (3,581,256 | ) |  |  | (4,353,649 | )
Proceeds from sales and maturities of fixed maturity investments available for sale |  |  | — |  |  |  | — |  |  |  | 97,302 |  |  |  | 97,302 |
Purchases of fixed maturity investments available for sale |  |  | — |  |  |  | — |  |  |  | (4,092 | ) |  |  | (4,092 | )
Purchases of equity investments trading |  |  | — |  |  |  | — |  |  |  | (47,996 | ) |  |  | (47,996 | )
Net sales (purchases) of short term investments |  |  | 26,329 |  |  |  | (26,926 | ) |  |  | (534,458 | ) |  |  | (535,055 | )
Net sales of other investments |  |  | 102,717 |  |  |  | — |  |  |  | (75,839 | ) |  |  | 26,878 |
Net purchases of investments in other ventures |  |  | — |  |  |  | — |  |  |  | (21,000 | ) |  |  | (21,000 | )
Net sales of other assets |  |  | — |  |  |  | — |  |  |  | 58,568 |  |  |  | 58,568 |
Dividends and return of capital from subsidiaries |  |  | 945,196 |  |  |  | 9,306 |  |  |  | (954,502 | ) |  |  | — |
Contributions to subsidiaries |  |  | (301,334 | ) |  |  | (8,294 | ) |  |  | 309,628 |  |  |  | — |
Due to (from) subsidiary |  |  | 7,617 |  |  |  | (843 | ) |  |  | (6,774 | ) |  |  | — |
Net proceeds from sale of discontinued operations held for sale |  |  | — |  |  |  | 269,520 |  |  |  | — |  |  |  | 269,520 |
Net cash provided by investing activities |  |  | 570,682 |  |  |  | 158,777 |  |  |  | (467,355 | ) |  |  | 262,104 |
Cash flows used in financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid - RenaissanceRe common shares |  |  | (40,099 | ) |  |  | — |  |  |  | — |  |  |  | (40,099 | )
Dividends paid - preference shares |  |  | (26,250 | ) |  |  | — |  |  |  | — |  |  |  | (26,250 | )
RenaissanceRe common share repurchases |  |  | (174,792 | ) |  |  | — |  |  |  | — |  |  |  | (174,792 | )
Third party DaVinciRe share transactions |  |  | — |  |  |  | — |  |  |  | (59,357 | ) |  |  | (59,357 | )
Net repayment of debt |  |  | (253,512 | ) |  |  | (124,972 | ) |  |  | 178,484 |  |  |  | (200,000 | )
Net cash used in financing activities |  |  | (494,653 | ) |  |  | (124,972 | ) |  |  | 119,127 |  |  |  | (500,498 | )
Effect of exchange rate changes on foreign currency cash |  |  | — |  |  |  | — |  |  |  | 1,228 |  |  |  | 1,228 |
Net increase (decrease) in cash and cash equivalents |  |  | 4,292 |  |  |  | 1,226 |  |  |  | (48,198 | ) |  |  | (42,680 | )
Cash and cash equivalents, beginning of year |  |  | 3,414 |  |  |  | 3,940 |  |  |  | 270,384 |  |  |  | 277,738 |
Cash and cash equivalents, end of year |  | $ | 7,706 |  |  | $ | 5,166 |  |  | $ | 222,186 |  |  | $ | 235,058 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows For the nine months ended September 30, 2010 |  | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  |  | RenaissanceRe Consolidated |
Cash flows provided by (used in) operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  | $ | 8,710 |  |  | $ | (24,709 | ) |  | $ | 512,440 |  |  | $ | 496,441 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of investments trading |  |  | 524,506 |  |  |  | — |  |  |  | 4,894,098 |  |  |  | 5,418,604 |
Purchases of investments trading |  |  | (597,999 | ) |  |  | — |  |  |  | (8,341,655 | ) |  |  | (8,939,654 | )
Proceeds from sales and maturities of investments available for sale |  |  | 37,457 |  |  |  | 244,147 |  |  |  | 3,384,620 |  |  |  | 3,666,224 |
Purchases of investments available for sale |  |  | (240 | ) |  |  | (246,570 | ) |  |  | (155,714 | ) |  |  | (402,524 | )
Net sales (purchases) of short term investments |  |  | 105,460 |  |  |  | (145 | ) |  |  | 12,204 |  |  |  | 117,519 |
Net (purchases) sales of other investments |  |  | (2,814 | ) |  |  | — |  |  |  | 88,863 |  |  |  | 86,049 |
Net sales of investments in other ventures |  |  | — |  |  |  | — |  |  |  | 13,835 |  |  |  | 13,835 |
Net sales of other assets |  |  | — |  |  |  | — |  |  |  | 2,730 |  |  |  | 2,730 |
Dividends and return of capital from subsidiaries |  |  | 826,974 |  |  |  | 38,727 |  |  |  | (865,701 | ) |  |  | — |
Contributions to subsidiaries |  |  | (591,742 | ) |  |  | (18,728 | ) |  |  | 610,470 |  |  |  | — |
Due (from) to subsidiary |  |  | (76,766 | ) |  |  | (691 | ) |  |  | 77,457 |  |  |  | — |
Net cash provided by (used in) investing activities |  |  | 224,836 |  |  |  | 16,740 |  |  |  | (278,793 | ) |  |  | (37,217 | )
Cash flows (used in) provided by financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid - RenaissanceRe common shares |  |  | (42,381 | ) |  |  | — |  |  |  | — |  |  |  | (42,381 | )
Dividends paid - preference shares |  |  | (31,725 | ) |  |  | — |  |  |  | — |  |  |  | (31,725 | )
RenaissanceRe common share repurchases |  |  | (411,335 | ) |  |  | — |  |  |  | — |  |  |  | (411,335 | )
Return of additional paid in capital to parent company |  |  | — |  |  |  | (149,600 | ) |  |  | 149,600 |  |  |  | — |
Net issuance of debt |  |  | 249,046 |  |  |  | 169,132 |  |  |  | (169,132 | ) |  |  | 249,046 |
Third party DaVinciRe share transactions |  |  | — |  |  |  | — |  |  |  | (131,370 | ) |  |  | (131,370 | )
Net cash (used in) provided by financing activities |  |  | (236,395 | ) |  |  | 19,532 |  |  |  | (150,902 | ) |  |  | (367,765 | )
Effect of exchange rate changes on foreign currency cash |  |  | (594 | ) |  |  | — |  |  |  | 194 |  |  |  | (400 | )
Net (decrease) increase in cash and cash equivalents |  |  | (3,443 | ) |  |  | 11,563 |  |  |  | 82,939 |  |  |  | 91,059 |
Net increase in cash and cash equivalents of discontinued operations |  |  | — |  |  |  | — |  |  |  | (46,051 | ) |  |  | (46,051 | )
Cash and cash equivalents, beginning of year |  |  | 15,206 |  |  |  | 7,606 |  |  |  | 180,300 |  |  |  | 203,112 |
Cash and cash equivalents, end of year |  | $ | 11,763 |  |  | $ | 19,169 |  |  | $ | 217,188 |  |  | $ | 248,120 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

X
- Definition Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] + Details
Name: | rnr_CondensedConsolidatingFinancialInformationProvidedInConnectionWithOutstandingDebtOfSubsidiariesAbstract
Namespace Prefix: | rnr
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the condensed financial statements (balance sheet, income statement and statement of cash flows), normally using the registrant (parent) as the sole domain member. If condensed consolidating financial statements are being presented, other domain members (in addition to parent) such as guarantor subsidiaries, non-guarantor subsidiaries, and the consolidation eliminations, will be included in order that the respective monetary amounts for each of the domains will aggregate to the respective amounts on the consolidated financial statements. The line items are the various captions used to compile the condensed financial statements. Using extensions, most, if not all, of the elements representing condensed financial statement captions will be the same as those used for the consolidated financial statements captions. + Details
Name: | rnr_ScheduleOfCondensedFinancialStatementsNewTextBlock
Namespace Prefix: | rnr
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration