|
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables)
|
3 Months Ended |
|
Mar. 31, 2012
|
| Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
|
| Condensed Consolidating Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Balance Sheet at March 31, 2012 | 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 | $ | 534,825 |
| | $ | 64,616 |
| | $ | 5,812,102 |
| | $ | — |
| | $ | 6,411,543 |
| Cash and cash equivalents | 13,339 |
| | 740 |
| | 246,903 |
| | — |
| | 260,982 |
| Investments in subsidiaries | 2,968,902 |
| | 85,164 |
| | — |
| | (3,054,066 | ) | | — |
| Due from subsidiaries and affiliates | 213,462 |
| | 4 |
| | — |
| | (213,466 | ) | | — |
| Premiums receivable | — |
| | — |
| | 703,932 |
| | — |
| | 703,932 |
| Prepaid reinsurance premiums | — |
| | — |
| | 143,690 |
| | — |
| | 143,690 |
| Reinsurance recoverable | — |
| | — |
| | 279,398 |
| | — |
| | 279,398 |
| Accrued investment income | 3,103 |
| | 512 |
| | 27,167 |
| | — |
| | 30,782 |
| Deferred acquisition costs | — |
| | — |
| | 71,162 |
| | — |
| | 71,162 |
| Other assets | 223,782 |
| | 31,014 |
| | 399,562 |
| | (202,249 | ) | | 452,109 |
| Total assets | $ | 3,957,413 |
| | $ | 182,050 |
| | $ | 7,683,916 |
| | $ | (3,469,781 | ) | | $ | 8,353,598 |
| Liabilities, Noncontrolling Interests and Shareholders’ Equity | | | | | | | | | | Liabilities | | | | | | | | | | Reserve for claims and claim expenses | $ | — |
| | $ | — |
| | $ | 1,858,203 |
| | $ | — |
| | $ | 1,858,203 |
| Unearned premiums | — |
| | — |
| | 646,733 |
| | — |
| | 646,733 |
| Debt | 100,000 |
| | 249,270 |
| | 2,729 |
| | — |
| | 351,999 |
| Amounts due to subsidiaries and affiliates | 49,303 |
| | 4,887 |
| | — |
| | (54,190 | ) | | — |
| Reinsurance balances payable | — |
| | — |
| | 285,207 |
| | — |
| | 285,207 |
| Other liabilities | 13,545 |
| | 4,116 |
| | 586,264 |
| | (208 | ) | | 603,717 |
| Liabilities of discontinued operations held for sale | — |
| | 12,539 |
| | — |
| | — |
| | 12,539 |
| Total liabilities | 162,848 |
| | 270,812 |
| | 3,379,136 |
| | (54,398 | ) | | 3,758,398 |
| Redeemable noncontrolling interest – DaVinciRe | — |
| | — |
| | 796,743 |
| | — |
| | 796,743 |
| Shareholders’ Equity | | | | | | | | | | Total shareholders’ equity | 3,794,565 |
| | (88,762 | ) | | 3,508,037 |
| | (3,415,383 | ) | | 3,798,457 |
| Total liabilities, noncontrolling interests and shareholders’ equity | $ | 3,957,413 |
| | $ | 182,050 |
| | $ | 7,683,916 |
| | $ | (3,469,781 | ) | | $ | 8,353,598 |
|
| | (1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |
| | (2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments. |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Balance Sheet at December 31, 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 | $ | 593,973 |
| | $ | 104,869 |
| | $ | 5,510,410 |
| | $ | — |
| | $ | 6,209,252 |
| Cash and cash equivalents | 10,606 |
| | 4,920 |
| | 201,458 |
| | — |
| | 216,984 |
| Investments in subsidiaries | 2,776,997 |
| | 83,031 |
| | — |
| | (2,860,028 | ) | | — |
| Due from subsidiaries and affiliates | 172,069 |
| | 846 |
| | — |
| | (172,915 | ) | | — |
| Premiums receivable | — |
| | — |
| | 471,878 |
| | — |
| | 471,878 |
| Prepaid reinsurance premiums | — |
| | — |
| | 58,522 |
| | — |
| | 58,522 |
| Reinsurance recoverable | — |
| | — |
| | 404,029 |
| | — |
| | 404,029 |
| Accrued investment income | 4,106 |
| | 311 |
| | 29,106 |
| | — |
| | 33,523 |
| Deferred acquisition costs | — |
| | — |
| | 43,721 |
| | — |
| | 43,721 |
| Other assets | 206,171 |
| | 27,198 |
| | 275,092 |
| | (201,458 | ) | | 307,003 |
| Total assets | $ | 3,763,922 |
| | $ | 221,175 |
| | $ | 6,994,216 |
| | $ | (3,234,401 | ) | | $ | 7,744,912 |
| Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity | | | | | | | | | | Liabilities | | | | | | | | | | Reserve for claims and claim expenses | $ | — |
| | $ | — |
| | $ | 1,992,354 |
| | $ | — |
| | $ | 1,992,354 |
| Unearned premiums | — |
| | — |
| | 347,655 |
| | — |
| | 347,655 |
| Debt | 100,000 |
| | 249,247 |
| | 4,373 |
| | — |
| | 353,620 |
| Amounts due to subsidiaries and affiliates | 30,519 |
| | 6,081 |
| | — |
| | (36,600 | ) | | — |
| Reinsurance balances payable | — |
| | — |
| | 256,883 |
| | — |
| | 256,883 |
| Other liabilities | 28,210 |
| | 3,755 |
| | 482,668 |
| | — |
| | 514,633 |
| Liabilities of discontinued operations held for sale | — |
| | 13,507 |
| | — |
| | — |
| | 13,507 |
| Total liabilities | 158,729 |
| | 272,590 |
| | 3,083,933 |
| | (36,600 | ) | | 3,478,652 |
| Redeemable noncontrolling interest – DaVinciRe | — |
| | — |
| | 657,727 |
| | — |
| | 657,727 |
| Shareholders’ Equity | | | | | | | | | | Total shareholders’ equity | 3,605,193 |
| | (51,415 | ) | | 3,252,556 |
| | (3,197,801 | ) | | 3,608,533 |
| Total liabilities, redeemable noncontrolling interest and shareholders’ equity | $ | 3,763,922 |
| | $ | 221,175 |
| | $ | 6,994,216 |
| | $ | (3,234,401 | ) | | $ | 7,744,912 |
|
| | (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 |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Operations
for the three months ended March 31, 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 | $ | — |
| | $ | — |
| | $ | 305,541 |
| | $ | — |
| | $ | 305,541 |
| Net investment income | 5,164 |
| | 16 |
| | 55,202 |
| | (101 | ) | | 60,281 |
| Net foreign exchange gains | 91 |
| | — |
| | 569 |
| | — |
| | 660 |
| Equity in losses of other ventures | — |
| | — |
| | (23,753 | ) | | — |
| | (23,753 | ) | Other income | 166 |
| | — |
| | 49,979 |
| | — |
| | 50,145 |
| Net realized and unrealized losses on investments | (992 | ) | | — |
| | (4,222 | ) | | — |
| | (5,214 | ) | Total revenues | 4,429 |
| | 16 |
| | 383,316 |
| | (101 | ) | | 387,660 |
| Expenses | | | | | | | | | | Net claims and claim expenses incurred | — |
| | — |
| | 628,537 |
| | — |
| | 628,537 |
| Acquisition expenses | — |
| | — |
| | 32,335 |
| | — |
| | 32,335 |
| Operational expenses | (1,220 | ) | | 1,502 |
| | 41,548 |
| | — |
| | 41,830 |
| Corporate expenses | 2,041 |
| | 61 |
| | (38 | ) | | — |
| | 2,064 |
| Interest expense | 4,975 |
| | 3,718 |
| | 1,109 |
| | (3,607 | ) | | 6,195 |
| Total expenses | 5,796 |
| | 5,281 |
| | 703,491 |
| | (3,607 | ) | | 710,961 |
| Loss before equity in net (loss) income of subsidiaries and taxes | (1,367 | ) | | (5,265 | ) | | (320,175 | ) | | 3,506 |
| | (323,301 | ) | Equity in net (loss) income of subsidiaries | (238,206 | ) | | 1,836 |
| | — |
| | 236,370 |
| | — |
| Loss from continuing operations before taxes | (239,573 | ) | | (3,429 | ) | | (320,175 | ) | | 239,876 |
| | (323,301 | ) | Income tax benefit (expense) | 290 |
| | 1,565 |
| | (1,803 | ) | | — |
| | 52 |
| Loss from continuing operations | (239,283 | ) | | (1,864 | ) | | (321,978 | ) | | 239,876 |
| | (323,249 | ) | Loss from discontinued operations | — |
| | (1,526 | ) | | — |
| | — |
| | (1,526 | ) | Net loss | (239,283 | ) | | (3,390 | ) | | (321,978 | ) | | 239,876 |
| | (324,775 | ) | Net loss attributable to redeemable noncontrolling interest – DaVinciRe | — |
| | — |
| | 85,492 |
| | — |
| | 85,492 |
| Net loss attributable to RenaissanceRe | (239,283 | ) | | (3,390 | ) | | (236,486 | ) | | 239,876 |
| | (239,283 | ) | Dividends on preference shares | (8,750 | ) | | — |
| | — |
| | — |
| | (8,750 | ) | Net loss attributable to RenaissanceRe common shareholders | $ | (248,033 | ) | | $ | (3,390 | ) | | $ | (236,486 | ) | | $ | 239,876 |
| | $ | (248,033 | ) |
| | (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 March 31, 2012 | 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 | $ | — |
| | $ | — |
| | $ | 278,665 |
| | $ | — |
| | $ | 278,665 |
| Net investment income | 4,448 |
| | 269 |
| | 64,359 |
| | (2,105 | ) | | 66,971 |
| Net foreign exchange gains (losses) | 20 |
| | — |
| | (1,480 | ) | | — |
| | (1,460 | ) | Equity in earnings of other ventures | — |
| | — |
| | 5,470 |
| | — |
| | 5,470 |
| Other income (loss) | 92 |
| | — |
| | (39,186 | ) | | — |
| | (39,094 | ) | Net realized and unrealized gains on investments | 3,512 |
| | 1,044 |
| | 41,557 |
| | — |
| | 46,113 |
| Net other-than-temporary impairments | — |
| | — |
| | (134 | ) | | — |
| | (134 | ) | Total revenues | 8,072 |
| | 1,313 |
| | 349,251 |
| | (2,105 | ) | | 356,531 |
| Expenses | | | | | | | | | | Net claims and claim expenses incurred | — |
| | — |
| | 15,552 |
| | — |
| | 15,552 |
| Acquisition expenses | — |
| | — |
| | 24,111 |
| | — |
| | 24,111 |
| Operational expenses | (1,311 | ) | | 2,008 |
| | 41,686 |
| | — |
| | 42,383 |
| Corporate expenses | 4,178 |
| | 93 |
| | 540 |
| | — |
| | 4,811 |
| Interest expense | 1,469 |
| | 3,617 |
| | 632 |
| | — |
| | 5,718 |
| Total expenses | 4,336 |
| | 5,718 |
| | 82,521 |
| | — |
| | 92,575 |
| Income (loss) before equity in net income (loss) of subsidiaries and taxes | 3,736 |
| | (4,405 | ) | | 266,730 |
| | (2,105 | ) | | 263,956 |
| Equity in net income (loss) of subsidiaries | 206,443 |
| | (30,268 | ) | | — |
| | (176,175 | ) | | — |
| Income (loss) from continuing operations before taxes | 210,179 |
| | (34,673 | ) | | 266,730 |
| | (178,280 | ) | | 263,956 |
| Income tax (expense) benefit | — |
| | (2,568 | ) | | 2,605 |
| | — |
| | 37 |
| Income (loss) from continuing operations | 210,179 |
| | (37,241 | ) | | 269,335 |
| | (178,280 | ) | | 263,993 |
| Loss from discontinued operations | — |
| | (173 | ) | | — |
| | — |
| | (173 | ) | Net income (loss) | 210,179 |
| | (37,414 | ) | | 269,335 |
| | (178,280 | ) | | 263,820 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (53,641 | ) | | — |
| | (53,641 | ) | Net income (loss) attributable to RenaissanceRe | 210,179 |
| | (37,414 | ) | | 215,694 |
| | (178,280 | ) | | 210,179 |
| Dividends on preference shares | (8,750 | ) | | — |
| | — |
| | — |
| | (8,750 | ) | Net income (loss) attributable to RenaissanceRe common shareholders | $ | 201,429 |
| | $ | (37,414 | ) | | $ | 215,694 |
| | $ | (178,280 | ) | | $ | 201,429 |
|
| | (1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |
| | (2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments. |
|
| Condensed Consolidated Statement of Other Comprehensive Income (Loss) |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Income for the three months ended March 31, 2012 | 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 | Comprehensive income (loss) | | | | | | | | | | Net income (loss) | $ | 210,179 |
| | $ | (37,414 | ) | | $ | 269,335 |
| | $ | (178,280 | ) | | $ | 263,820 |
| Change in net unrealized gains on investments | — |
| | — |
| | 1,255 |
| | — |
| | 1,255 |
| Portion of other-than-temporary impairments recognized in other comprehensive income | — |
| | — |
| | (27 | ) | | — |
| | (27 | ) | Comprehensive income (loss) | 210,179 |
| | (37,414 | ) | | 270,563 |
| | (178,280 | ) | | 265,048 |
| Net income attributable to noncontrolling interests | — |
| | — |
| | (53,641 | ) | | — |
| | (53,641 | ) | Change in net unrealized gains on fixed maturity investments available for sale attributable to noncontrolling interests | — |
| | — |
| | — |
| | — |
| | — |
| Comprehensive income attributable to noncontrolling interests | — |
| | — |
| | (53,641 | ) | | — |
| | (53,641 | ) | Comprehensive income (loss) attributable to RenaissanceRe | $ | 210,179 |
| | $ | (37,414 | ) | | $ | 216,922 |
| | $ | (178,280 | ) | | $ | 211,407 |
|
| | (1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |
| | (2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments. |
| | | | | | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Comprehensive Loss for the three months ended March 31, 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 | Comprehensive loss | | | | | | | | | | Net loss | $ | (239,283 | ) | | $ | (3,390 | ) | | $ | (321,978 | ) | | $ | 239,876 |
| | $ | (324,775 | ) | Change in net unrealized gains on investments | — |
| | — |
| | 19 |
| | — |
| | 19 |
| Portion of other-than-temporary impairments recognized in other comprehensive income | — |
| | — |
| | — |
| | — |
| | — |
| Comprehensive loss | (239,283 | ) | | (3,390 | ) | | (321,959 | ) | | 239,876 |
| | (324,756 | ) | Net loss attributable to noncontrolling interests | — |
| | — |
| | 85,492 |
| | — |
| | 85,492 |
| Change in net unrealized gains on fixed maturity investments available for sale attributable to noncontrolling interests | — |
| | — |
| | 3 |
| | — |
| | 3 |
| Comprehensive loss attributable to noncontrolling interests | — |
| | — |
| | 85,495 |
| | — |
| | 85,495 |
| Comprehensive loss attributable to RenaissanceRe | $ | (239,283 | ) | | $ | (3,390 | ) | | $ | (236,464 | ) | | $ | 239,876 |
| | $ | (239,261 | ) |
| | (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 |
| | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows
for the three months ended March 31, 2012 | 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 | $ | (74 | ) | | $ | (11,568 | ) | | $ | 182,746 |
| | $ | 171,104 |
| Cash flows provided by (used in) investing activities | | | | | | | | Proceeds from sales and maturities of fixed maturity investments trading | 382,538 |
| | 92,508 |
| | 2,181,250 |
| | 2,656,296 |
| Purchases of fixed maturity investments trading | (302,878 | ) | | (49,796 | ) | | (2,198,575 | ) | | (2,551,249 | ) | Proceeds from sales and maturities of fixed maturity investments available for sale | — |
| | — |
| | 20,385 |
| | 20,385 |
| Net (purchases) sales of short term investments | (43,739 | ) | | (1,729 | ) | | (260,399 | ) | | (305,867 | ) | Net sales of other investments | — |
| | — |
| | (9,663 | ) | | (9,663 | ) | Net sales of other assets | — |
| | — |
| | 125 |
| | 125 |
| Dividends and return of capital from subsidiaries | 185,961 |
| | 4,299 |
| | (190,260 | ) | | — |
| Contributions to subsidiaries | (200,769 | ) | | (36,700 | ) | | 237,469 |
| | — |
| Due to (from) subsidiary | 7,965 |
| | (1,194 | ) | | (6,771 | ) | | — |
| Net cash provided by (used in) investing activities | 29,078 |
| | 7,388 |
| | (226,439 | ) | | (189,973 | ) | Cash flows (used in) provided by financing activities | | | | | | | | Dividends paid – RenaissanceRe common shares | (13,886 | ) | | — |
| | — |
| | (13,886 | ) | Dividends paid – preference shares | (8,750 | ) | | — |
| | — |
| | (8,750 | ) | RenaissanceRe common share repurchases | (3,635 | ) | | — |
| | — |
| | (3,635 | ) | Third party DaVinciRe share repurchases | — |
| | — |
| | 88,146 |
| | 88,146 |
| Net cash (used in) provided by financing activities | (26,271 | ) | | — |
| | 88,146 |
| | 61,875 |
| Effect of exchange rate changes on foreign currency cash | — |
| | — |
| | 992 |
| | 992 |
| Net increase (decrease) in cash and cash equivalents | 2,733 |
| | (4,180 | ) | | 45,445 |
| | 43,998 |
| Cash and cash equivalents, beginning of period | 10,606 |
| | 4,920 |
| | 201,458 |
| | 216,984 |
| Cash and cash equivalents, end of period | $ | 13,339 |
| | $ | 740 |
| | $ | 246,903 |
| | $ | 260,982 |
|
| | (1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |
| | | | | | | | | | | | | | | | | Condensed Consolidating Statement of Cash Flows
for the three months ended March 31, 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 provided by (used in) operating activities | | | | | | | | Net cash provided by (used in) operating activities | $ | 108,624 |
| | $ | (21,049 | ) | | $ | (93,872 | ) | | $ | (6,297 | ) | Cash flows provided by investing activities | | | | | | | | Proceeds from sales and maturities of fixed maturity investments trading | 11,399 |
| | — |
| | 1,617,201 |
| | 1,628,600 |
| Purchases of fixed maturity investments trading | (13,899 | ) | | — |
| | (1,400,836 | ) | | (1,414,735 | ) | Proceeds from sales and maturities of fixed maturity investments available for sale | — |
| | — |
| | 13,984 |
| | 13,984 |
| Net purchases of equity investments trading | — |
| | — |
| | (12,108 | ) | | (12,108 | ) | Net purchases of short term investments | (68,731 | ) | | (129,698 | ) | | (51,449 | ) | | (249,878 | ) | Net (purchases) sales of other investments | (1,029 | ) | | — |
| | 39,112 |
| | 38,083 |
| Net purchases of investments in other ventures | — |
| | — |
| | (21,000 | ) | | (21,000 | ) | Net sales of other assets | — |
| | — |
| | 47,400 |
| | 47,400 |
| Dividends and return of capital from subsidiaries | 190,771 |
| | 5,205 |
| | (195,976 | ) | | — |
| Contributions to subsidiaries | (85,586 | ) | | — |
| | 85,586 |
| | — |
| Due to (from) subsidiary | 49,605 |
| | 2,429 |
| | (52,034 | ) | | — |
| Net proceeds from sale of discontinued operations held for sale | — |
| | 269,520 |
| | — |
| | 269,520 |
| Net cash provided by investing activities | 82,530 |
| | 147,456 |
| | 69,880 |
| | 299,866 |
| Cash flows used in financing activities | | | | | | | | Dividends paid – RenaissanceRe common shares | (13,361 | ) | | — |
| | — |
| | (13,361 | ) | Dividends paid – preference shares | (8,750 | ) | | — |
| | — |
| | (8,750 | ) | RenaissanceRe common share repurchases | (174,792 | ) | | — |
| | — |
| | (174,792 | ) | Net issuance (repayment) of debt | 3,506 |
| | (125,018 | ) | | 121,512 |
| | — |
| Third party DaVinciRe share repurchases | — |
| | — |
| | (124,047 | ) | | (124,047 | ) | Net cash used in financing activities | (193,397 | ) | | (125,018 | ) | | (2,535 | ) | | (320,950 | ) | Effect of exchange rate changes on foreign currency cash | — |
| | — |
| | 2,274 |
| | 2,274 |
| Net (decrease) increase in cash and cash equivalents | (2,243 | ) | | 1,389 |
| | (24,253 | ) | | (25,107 | ) | Cash and cash equivalents, beginning of period | 3,414 |
| | 3,940 |
| | 270,384 |
| | 277,738 |
| Cash and cash equivalents, end of period | $ | 1,171 |
| | $ | 5,329 |
| | $ | 246,131 |
| | $ | 252,631 |
|
| | (1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations. |
|