v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows provided by operating activities    
Net income $ 235,356 $ 263,820
Adjustments to reconcile net income to net cash provided by operating activities    
Amortization, accretion and depreciation 12,989 13,581
Equity in undistributed earnings of other ventures (6,953) (4,933)
Net realized and unrealized gains on investments (13,850) (46,113)
Net other-than-temporary impairments 0 134
Net unrealized gains included in net investment income (13,102) (36,061)
Net unrealized gains included in other income (loss) (9,776) (18,563)
Change in:    
Premiums receivable (163,003) (232,054)
Prepaid reinsurance premiums (93,134) (85,168)
Reinsurance recoverable 29,564 124,631
Deferred acquisition costs (25,292) (27,441)
Reserve for claims and claim expenses (123,594) (134,151)
Unearned premiums 258,692 299,078
Reinsurance balances payable 90,520 28,324
Other (49,915) 26,020
Net cash provided by operating activities 128,502 171,104
Cash flows provided by (used in) investing activities    
Proceeds from sales and maturities of fixed maturity investments trading 2,349,666 2,656,296
Purchases of fixed maturity investments trading (2,075,088) (2,551,249)
Proceeds from sales and maturities of fixed maturity investments available for sale 37,699 20,385
Sales of equity investments trading 67,073 0
Net purchases of short term investments (192,557) (305,867)
Net sales (purchases) of other investments 33,080 (9,663)
Net sales of other assets 0 125
Net cash provided by (used in) investing activities 219,873 (189,973)
Cash flows (used in) provided by financing activities    
Dividends paid – RenaissanceRe common shares (12,329) (13,886)
Dividends paid – preference shares (6,275) (8,750)
RenaissanceRe common share repurchases (111,299) (3,635)
Net repayment of debt (97,483) 0
Net third party DaVinciRe share transactions (114,154) 88,146
Net cash (used in) provided by financing activities (341,540) 61,875
Effect of exchange rate changes on foreign currency cash 3,432 992
Net increase in cash and cash equivalents 10,267 43,998
Cash and cash equivalents, beginning of period 325,358 216,984
Cash and cash equivalents, end of period $ 335,625 $ 260,982