v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows provided by operating activities    
Net income (loss) $ 448,464 $ (269,358)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Amortization, accretion and depreciation 28,785 17,249
Equity in undistributed (earnings) losses of other ventures (8,868) 21,355
Net realized and unrealized gains on investments (77,116) (29,765)
Net other-than-temporary impairments 343 0
Net unrealized gains included in net investment income (23,821) (22,270)
Net unrealized gains included in other income (loss) (2,987) (63,141)
Change in:    
Premiums receivable (499,668) (611,439)
Prepaid reinsurance premiums (219,720) (185,033)
Reinsurance recoverable 205,252 (231,534)
Deferred acquisition costs (62,306) (55,210)
Reserve for claims and claim expenses (191,107) 912,885
Unearned premiums 616,844 544,756
Reinsurance balances payable 139,786 85,128
Other (50,104) (82,627)
Net cash provided by operating activities 303,777 30,996
Cash flows (used in) provided by investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 4,792,702 2,879,215
Purchases of fixed maturity investments trading (5,312,902) (2,811,678)
Proceeds from sales and maturities of fixed maturity investments available for sale 37,530 48,135
Purchases of fixed maturity investments available for sale 0 (4,078)
Purchases of equity investments trading 0 (32,676)
Net sales of short term investments 183,605 50,852
Net sales (purchases) of other investments 18,681 (23,881)
Net purchases of investments in other ventures 0 (21,000)
Net (purchases) sales of other assets (166) 46,984
Net proceeds from sale of discontinued operations held for sale 0 269,520
Net cash (used in) provided by investing activities (280,550) 401,393
Cash flows provided by (used in) financing activities    
Dividends paid - RenaissanceRe common shares (27,673) (26,721)
Dividends paid - preference shares (17,500) (17,500)
RenaissanceRe common share repurchases (90,111) (174,792)
Net repayment of debt 0 (200,000)
Net third party DaVinciRe share transactions 160,864 (56,708)
Net cash provided by (used in) financing activities 25,580 (475,721)
Effect of exchange rate changes on foreign currency cash (1,559) 3,331
Net increase (decrease) in cash and cash equivalents 47,248 (40,001)
Cash and cash equivalents, beginning of period 216,984 277,738
Cash and cash equivalents, end of period $ 264,232 $ 237,737