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Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries (Tables) | 9 Months Ended
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Sep. 30, 2014
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
Condensed Consolidating Balance Sheets |
Condensed Consolidating Balance Sheet at September 30, 2014 | 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 | $ | 108,272 |  |  | $ | 95,402 |  |  | $ | 6,527,750 |  |  | $ | — |  |  | $ | 6,731,424 |
Cash and cash equivalents | 3,213 |  |  | 1,573 |  |  | 295,761 |  |  | — |  |  | 300,547 |
Investments in subsidiaries | 3,474,871 |  |  | 69,171 |  |  | — |  |  | (3,544,042 | ) |  | — |
Due from subsidiaries and affiliates | 97,005 |  |  | 14 |  |  | — |  |  | (97,019 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | 630,718 |  |  | — |  |  | 630,718 |
Prepaid reinsurance premiums | — |  |  | — |  |  | 195,978 |  |  | — |  |  | 195,978 |
Reinsurance recoverable | — |  |  | — |  |  | 79,043 |  |  | — |  |  | 79,043 |
Accrued investment income | 3 |  |  | 97 |  |  | 25,414 |  |  | — |  |  | 25,514 |
Deferred acquisition costs | — |  |  | — |  |  | 130,108 |  |  | — |  |  | 130,108 |
Receivable for investments sold | 4,987 |  |  | — |  |  | 142,219 |  |  | — |  |  | 147,206 |
Other assets | 110,729 |  |  | 1,302 |  |  | 104,574 |  |  | (100,208 | ) |  | 116,397 |
Total assets | $ | 3,799,080 |  |  | $ | 167,559 |  |  | $ | 8,131,565 |  |  | $ | (3,741,269 | ) |  | $ | 8,356,935 |
Liabilities, Noncontrolling Interests and Shareholders’ Equity |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | 1,532,780 |  |  | $ | — |  |  | $ | 1,532,780 |
Unearned premiums | — |  |  | — |  |  | 758,272 |  |  | — |  |  | 758,272 |
Debt | — |  |  | 249,499 |  |  | — |  |  | — |  |  | 249,499 |
Amounts due to subsidiaries and affiliates | 40,250 |  |  | 106 |  |  | — |  |  | (40,356 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | 501,155 |  |  | — |  |  | 501,155 |
Payable for investments purchased | 4,897 |  |  | 4,993 |  |  | 274,405 |  |  | — |  |  | 284,295 |
Other liabilities | 18,073 |  |  | (509 | ) |  | 186,552 |  |  | (208 | ) |  | 203,908 |
Total liabilities | 63,220 |  |  | 254,089 |  |  | 3,253,164 |  |  | (40,564 | ) |  | 3,529,909 |
Redeemable noncontrolling interest – DaVinciRe | — |  |  | — |  |  | 1,091,166 |  |  | — |  |  | 1,091,166 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 3,735,860 |  |  | (86,530 | ) |  | 3,787,235 |  |  | (3,700,705 | ) |  | 3,735,860 |
Total liabilities, noncontrolling interests and shareholders’ equity | $ | 3,799,080 |  |  | $ | 167,559 |  |  | $ | 8,131,565 |  |  | $ | (3,741,269 | ) |  | $ | 8,356,935 |
(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, 2013 | 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 | $ | 210,719 |  |  | $ | 98,784 |  |  | $ | 6,512,209 |  |  | $ | — |  |  | $ | 6,821,712 |
Cash and cash equivalents | 8,796 |  |  | 4,027 |  |  | 395,209 |  |  | — |  |  | 408,032 |
Investments in subsidiaries | 3,294,729 |  |  | 74,718 |  |  | — |  |  | (3,369,447 | ) |  | — |
Due from subsidiaries and affiliates | 296,752 |  |  | — |  |  | — |  |  | (296,752 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | 474,087 |  |  | — |  |  | 474,087 |
Prepaid reinsurance premiums | — |  |  | — |  |  | 66,132 |  |  | — |  |  | 66,132 |
Reinsurance recoverable | — |  |  | — |  |  | 101,025 |  |  | — |  |  | 101,025 |
Accrued investment income | — |  |  | 110 |  |  | 33,955 |  |  | — |  |  | 34,065 |
Deferred acquisition costs | — |  |  | — |  |  | 81,684 |  |  | — |  |  | 81,684 |
Receivable for investments sold | 14 |  |  | — |  |  | 75,831 |  |  | — |  |  | 75,845 |
Other assets | 112,234 |  |  | 1,481 |  |  | 102,834 |  |  | (100,000 | ) |  | 116,549 |
Total assets | $ | 3,923,244 |  |  | $ | 179,120 |  |  | $ | 7,842,966 |  |  | $ | (3,766,199 | ) |  | $ | 8,179,131 |
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | 1,563,730 |  |  | $ | — |  |  | $ | 1,563,730 |
Unearned premiums | — |  |  | — |  |  | 477,888 |  |  | — |  |  | 477,888 |
Debt | — |  |  | 249,430 |  |  | — |  |  | — |  |  | 249,430 |
Amounts due to subsidiaries and affiliates | — |  |  | 3,173 |  |  | — |  |  | (3,173 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | 293,022 |  |  | — |  |  | 293,022 |
Payable for investments purchased | — |  |  | — |  |  | 193,221 |  |  | — |  |  | 193,221 |
Other liabilities | 18,860 |  |  | 6,953 |  |  | 371,783 |  |  | — |  |  | 397,596 |
Total liabilities | 18,860 |  |  | 259,556 |  |  | 2,899,644 |  |  | (3,173 | ) |  | 3,174,887 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 1,099,860 |  |  | — |  |  | 1,099,860 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 3,904,384 |  |  | (80,436 | ) |  | 3,843,462 |  |  | (3,763,026 | ) |  | 3,904,384 |
Total liabilities, redeemable noncontrolling interest and shareholders’ equity | $ | 3,923,244 |  |  | $ | 179,120 |  |  | $ | 7,842,966 |  |  | $ | (3,766,199 | ) |  | $ | 8,179,131 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) |
Condensed Consolidating Statement of Operations for the three months ended September 30, 2014 | 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 | $ | — |  |  | $ | — |  |  | $ | 258,979 |  |  | $ | — |  |  | $ | 258,979 |
Net investment income | 652 |  |  | 433 |  |  | 24,790 |  |  | (934 | ) |  | 24,941 |
Net foreign exchange (losses) gains | (12 | ) |  | — |  |  | 5,048 |  |  | — |  |  | 5,036 |
Equity in earnings of other ventures | — |  |  | — |  |  | 9,806 |  |  | — |  |  | 9,806 |
Other loss | — |  |  | — |  |  | (1,169 | ) |  | — |  |  | (1,169 | )
Net realized and unrealized (losses) gains on investments | (52 | ) |  | 647 |  |  | (31,692 | ) |  | — |  |  | (31,097 | )
Total revenues | 588 |  |  | 1,080 |  |  | 265,762 |  |  | (934 | ) |  | 266,496 |
Expenses |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | 69,647 |  |  | — |  |  | 69,647 |
Acquisition expenses | — |  |  | — |  |  | 37,550 |  |  | — |  |  | 37,550 |
Operational expenses | (1,527 | ) |  | 1,560 |  |  | 47,006 |  |  | (67 | ) |  | 46,972 |
Corporate expenses | 3,325 |  |  | 60 |  |  | 520 |  |  | — |  |  | 3,905 |
Interest expense | — |  |  | 3,617 |  |  | 673 |  |  | — |  |  | 4,290 |
Total expenses | 1,798 |  |  | 5,237 |  |  | 155,396 |  |  | (67 | ) |  | 162,364 |
(Loss) income before equity in net income (loss) of subsidiaries and taxes | (1,210 | ) |  | (4,157 | ) |  | 110,366 |  |  | (867 | ) |  | 104,132 |
Equity in net income (loss) of subsidiaries | 74,620 |  |  | (1,382 | ) |  | — |  |  | (73,238 | ) |  | — |
Income (loss) before taxes | 73,410 |  |  | (5,539 | ) |  | 110,366 |  |  | (74,105 | ) |  | 104,132 |
Income tax benefit (expense) | — |  |  | 3,091 |  |  | (3,336 | ) |  | — |  |  | (245 | )
Net income | 73,410 |  |  | (2,448 | ) |  | 107,030 |  |  | (74,105 | ) |  | 103,887 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (30,477 | ) |  | — |  |  | (30,477 | )
Net income (loss) attributable to RenaissanceRe | 73,410 |  |  | (2,448 | ) |  | 76,553 |  |  | (74,105 | ) |  | 73,410 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income (loss) attributable to RenaissanceRe common shareholders | $ | 67,815 |  |  | $ | (2,448 | ) |  | $ | 76,553 |  |  | $ | (74,105 | ) |  | $ | 67,815 |
(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 Income (Loss) for the three months ended September 30, 2014 | 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) | $ | 73,410 |  |  | $ | (2,448 | ) |  | $ | 107,030 |  |  | $ | (74,105 | ) |  | $ | 103,887 |
Change in net unrealized gains on investments | — |  |  | — |  |  | (89 | ) |  | — |  |  | (89 | )
Comprehensive income (loss) | 73,410 |  |  | (2,448 | ) |  | 106,941 |  |  | (74,105 | ) |  | 103,798 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (30,477 | ) |  | — |  |  | (30,477 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (30,477 | ) |  | — |  |  | (30,477 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 73,410 |  |  | $ | (2,448 | ) |  | $ | 76,464 |  |  | $ | (74,105 | ) |  | $ | 73,321 |
(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, 2014 | 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 | $ | — |  |  | $ | — |  |  | $ | 805,929 |  |  | $ | — |  |  | $ | 805,929 |
Net investment income | 2,013 |  |  | 1,352 |  |  | 97,869 |  |  | (2,804 | ) |  | 98,430 |
Net foreign exchange (losses) gains | (5 | ) |  | — |  |  | 6,372 |  |  | — |  |  | 6,367 |
Equity in earnings of other ventures | — |  |  | — |  |  | 21,237 |  |  | — |  |  | 21,237 |
Other loss | — |  |  | (8 | ) |  | (1,634 | ) |  | — |  |  | (1,642 | )
Net realized and unrealized gains on investments | 32 |  |  | 5,364 |  |  | 5,562 |  |  | — |  |  | 10,958 |
Total revenues | 2,040 |  |  | 6,708 |  |  | 935,335 |  |  | (2,804 | ) |  | 941,279 |
Expenses |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | 209,950 |  |  | — |  |  | 209,950 |
Acquisition expenses | — |  |  | — |  |  | 104,727 |  |  | — |  |  | 104,727 |
Operational expenses | (3,643 | ) |  | 5,138 |  |  | 134,177 |  |  | (235 | ) |  | 135,437 |
Corporate expenses | 10,795 |  |  | 178 |  |  | 1,431 |  |  | — |  |  | 12,404 |
Interest expense | — |  |  | 10,850 |  |  | 2,025 |  |  | — |  |  | 12,875 |
Total expenses | 7,152 |  |  | 16,166 |  |  | 452,310 |  |  | (235 | ) |  | 475,393 |
(Loss) income before equity in net income of subsidiaries and taxes | (5,112 | ) |  | (9,458 | ) |  | 483,025 |  |  | (2,569 | ) |  | 465,886 |
Equity in net income (loss) of subsidiaries | 361,468 |  |  | (567 | ) |  | — |  |  | (360,901 | ) |  | — |
Income (loss) before taxes | 356,356 |  |  | (10,025 | ) |  | 483,025 |  |  | (363,470 | ) |  | 465,886 |
Income tax benefit (expense) | — |  |  | 3,737 |  |  | (3,944 | ) |  | — |  |  | (207 | )
Net income (loss) | 356,356 |  |  | (6,288 | ) |  | 479,081 |  |  | (363,470 | ) |  | 465,679 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (109,323 | ) |  | — |  |  | (109,323 | )
Net income (loss) attributable to RenaissanceRe | 356,356 |  |  | (6,288 | ) |  | 369,758 |  |  | (363,470 | ) |  | 356,356 |
Dividends on preference shares | (16,786 | ) |  | — |  |  | — |  |  | — |  |  | (16,786 | )
Net income (loss) attributable to RenaissanceRe common shareholders | $ | 339,570 |  |  | $ | (6,288 | ) |  | $ | 369,758 |  |  | $ | (363,470 | ) |  | $ | 339,570 |
(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 Income (Loss) for the nine months ended September 30, 2014 | 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) | $ | 356,356 |  |  | $ | (6,288 | ) |  | $ | 479,081 |  |  | $ | (363,470 | ) |  | $ | 465,679 |
Change in net unrealized gains on investments | — |  |  | — |  |  | (302 | ) |  | — |  |  | (302 | )
Comprehensive income (loss) | 356,356 |  |  | (6,288 | ) |  | 478,779 |  |  | (363,470 | ) |  | 465,377 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (109,323 | ) |  | — |  |  | (109,323 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (109,323 | ) |  | — |  |  | (109,323 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 356,356 |  |  | $ | (6,288 | ) |  | $ | 369,456 |  |  | $ | (363,470 | ) |  | $ | 356,054 |
(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, 2013 | 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 | $ | — |  |  | $ | — |  |  | $ | 294,717 |  |  | $ | — |  |  | $ | 294,717 |
Net investment income | 1,055 |  |  | 37 |  |  | 59,782 |  |  | (943 | ) |  | 59,931 |
Net foreign exchange gains | 47 |  |  | — |  |  | 441 |  |  | — |  |  | 488 |
Equity in earnings of other ventures | — |  |  | — |  |  | 7,313 |  |  | — |  |  | 7,313 |
Other income | — |  |  | — |  |  | 651 |  |  | — |  |  | 651 |
Net realized and unrealized gains (losses) on investments | 373 |  |  | (18 | ) |  | 28,117 |  |  | — |  |  | 28,472 |
Total revenues | 1,475 |  |  | 19 |  |  | 391,021 |  |  | (943 | ) |  | 391,572 |
Expenses |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | 60,928 |  |  | — |  |  | 60,928 |
Acquisition expenses | — |  |  | — |  |  | 37,699 |  |  | — |  |  | 37,699 |
Operational expenses | (1,242 | ) |  | 1,574 |  |  | 44,808 |  |  | (468 | ) |  | 44,672 |
Corporate expenses | 3,599 |  |  | 60 |  |  | 648 |  |  | — |  |  | 4,307 |
Interest expense | — |  |  | 3,617 |  |  | 681 |  |  | — |  |  | 4,298 |
Total expenses | 2,357 |  |  | 5,251 |  |  | 144,764 |  |  | (468 | ) |  | 151,904 |
(Loss) income before equity in net income (loss) of subsidiaries and taxes | (882 | ) |  | (5,232 | ) |  | 246,257 |  |  | (475 | ) |  | 239,668 |
Equity in net income of subsidiaries | 186,217 |  |  | 2,344 |  |  | — |  |  | (188,561 | ) |  | — |
Income (loss) from continuing operations before taxes | 185,335 |  |  | (2,888 | ) |  | 246,257 |  |  | (189,036 | ) |  | 239,668 |
Income tax benefit (expense) | — |  |  | 801 |  |  | (1,024 | ) |  | — |  |  | (223 | )
Income (loss) from continuing operations | 185,335 |  |  | (2,087 | ) |  | 245,233 |  |  | (189,036 | ) |  | 239,445 |
Loss from discontinued operations | — |  |  | (9,779 | ) |  | — |  |  | — |  |  | (9,779 | )
Net income (loss) | 185,335 |  |  | (11,866 | ) |  | 245,233 |  |  | (189,036 | ) |  | 229,666 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (44,331 | ) |  | — |  |  | (44,331 | )
Net income (loss) attributable to RenaissanceRe | 185,335 |  |  | (11,866 | ) |  | 200,902 |  |  | (189,036 | ) |  | 185,335 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 179,740 |  |  | $ | (11,866 | ) |  | $ | 200,902 |  |  | $ | (189,036 | ) |  | $ | 179,740 |
(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 Income (Loss) for the three months ended September 30, 2013 | 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) | $ | 185,335 |  |  | $ | (11,866 | ) |  | $ | 245,233 |  |  | $ | (189,036 | ) |  | $ | 229,666 |
Change in net unrealized gains on investments | — |  |  | — |  |  | (343 | ) |  | — |  |  | (343 | )
Comprehensive income (loss) | 185,335 |  |  | (11,866 | ) |  | 244,890 |  |  | (189,036 | ) |  | 229,323 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (44,331 | ) |  | — |  |  | (44,331 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (44,331 | ) |  | — |  |  | (44,331 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 185,335 |  |  | $ | (11,866 | ) |  | $ | 200,559 |  |  | $ | (189,036 | ) |  | $ | 184,992 |
(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, 2013 | 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 | $ | — |  |  | $ | — |  |  | $ | 857,861 |  |  | $ | — |  |  | $ | 857,861 |
Net investment income | 3,273 |  |  | 274 |  |  | 128,590 |  |  | (2,841 | ) |  | 129,296 |
Net foreign exchange (losses) gains | (3 | ) |  | (2 | ) |  | 175 |  |  | — |  |  | 170 |
Equity in earnings of other ventures | — |  |  | — |  |  | 16,920 |  |  | — |  |  | 16,920 |
Other income (loss) | 106 |  |  | — |  |  | (2,292 | ) |  | — |  |  | (2,186 | )
Net realized and unrealized losses on investments | (1,071 | ) |  | (132 | ) |  | (25,585 | ) |  | — |  |  | (26,788 | )
Total revenues | 2,305 |  |  | 140 |  |  | 975,669 |  |  | (2,841 | ) |  | 975,273 |
Expenses |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | 192,141 |  |  | — |  |  | 192,141 |
Acquisition expenses | — |  |  | — |  |  | 94,475 |  |  | — |  |  | 94,475 |
Operational expenses | (3,705 | ) |  | 5,591 |  |  | 132,029 |  |  | (468 | ) |  | 133,447 |
Corporate expenses | 28,508 |  |  | 178 |  |  | 1,632 |  |  | — |  |  | 30,318 |
Interest expense | 734 |  |  | 10,850 |  |  | 2,048 |  |  | — |  |  | 13,632 |
Total expenses | 25,537 |  |  | 16,619 |  |  | 422,325 |  |  | (468 | ) |  | 464,013 |
(Loss) income before equity in net income (loss) of subsidiaries and taxes | (23,232 | ) |  | (16,479 | ) |  | 553,344 |  |  | (2,373 | ) |  | 511,260 |
Equity in net income (losses) of subsidiaries | 439,605 |  |  | (1,495 | ) |  | — |  |  | (438,110 | ) |  | — |
Income (loss) from continuing operations before taxes | 416,373 |  |  | (17,974 | ) |  | 553,344 |  |  | (440,483 | ) |  | 511,260 |
Income tax benefit (expense) | — |  |  | 796 |  |  | (1,152 | ) |  | — |  |  | (356 | )
Income (loss) from continuing operations | 416,373 |  |  | (17,178 | ) |  | 552,192 |  |  | (440,483 | ) |  | 510,904 |
Income from discontinued operations | — |  |  | 2,422 |  |  | — |  |  | — |  |  | 2,422 |
Net income (loss) | 416,373 |  |  | (14,756 | ) |  | 552,192 |  |  | (440,483 | ) |  | 513,326 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (96,953 | ) |  | — |  |  | (96,953 | )
Net income (loss) attributable to RenaissanceRe | 416,373 |  |  | (14,756 | ) |  | 455,239 |  |  | (440,483 | ) |  | 416,373 |
Dividends on preference shares | (19,353 | ) |  | — |  |  | — |  |  | — |  |  | (19,353 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 397,020 |  |  | $ | (14,756 | ) |  | $ | 455,239 |  |  | $ | (440,483 | ) |  | $ | 397,020 |
(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 Income (Loss) for the nine months ended September 30, 2013 | 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) | $ | 416,373 |  |  | $ | (14,756 | ) |  | $ | 552,192 |  |  | $ | (440,483 | ) |  | $ | 513,326 |
Change in net unrealized gains on investments | — |  |  | — |  |  | (9,056 | ) |  | — |  |  | (9,056 | )
Comprehensive income (loss) | 416,373 |  |  | (14,756 | ) |  | 543,136 |  |  | (440,483 | ) |  | 504,270 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (96,953 | ) |  | — |  |  | (96,953 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (96,953 | ) |  | — |  |  | (96,953 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 416,373 |  |  | $ | (14,756 | ) |  | $ | 446,183 |  |  | $ | (440,483 | ) |  | $ | 407,317 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statements Of Cash Flows |
Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2014 | 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 | $ | (1,893 | ) |  | $ | (17,965 | ) |  | $ | 413,247 |  |  | $ | 393,389 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 59,575 |  |  | 10,484 |  |  | 5,826,271 |  |  | 5,896,330 |
Purchases of fixed maturity investments trading | (83,444 | ) |  | — |  |  | (5,760,057 | ) |  | (5,843,501 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | 6,076 |  |  | 6,076 |
Net sales (purchases) of equity investments trading | — |  |  | 6,496 |  |  | (40,421 | ) |  | (33,925 | )
Net sales (purchases) of short term investments | 126,121 |  |  | (3,368 | ) |  | (101,175 | ) |  | 21,578 |
Net sales of other investments | — |  |  | — |  |  | 74,706 |  |  | 74,706 |
Net sales of investments in other ventures | — |  |  | — |  |  | 1,030 |  |  | 1,030 |
Net sales of other assets | — |  |  | — |  |  | 6,000 |  |  | 6,000 |
Dividends and return of capital from subsidiaries | 665,872 |  |  | 7,605 |  |  | (673,477 | ) |  | — |
Contributions to subsidiaries | (244,925 | ) |  | (2,625 | ) |  | 247,550 |  |  | — |
Due to (from) subsidiary | 74 |  |  | (3,081 | ) |  | 3,007 |  |  | — |
Net cash provided by (used in) investing activities | 523,273 |  |  | 15,511 |  |  | (410,490 | ) |  | 128,294 |
Cash flows used in financing activities |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (34,834 | ) |  | — |  |  | — |  |  | (34,834 | )
Dividends paid – preference shares | (16,786 | ) |  | — |  |  | — |  |  | (16,786 | )
RenaissanceRe common share repurchases | (475,343 | ) |  | — |  |  | — |  |  | (475,343 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | (107,091 | ) |  | (107,091 | )
Net cash used in financing activities | (526,963 | ) |  | — |  |  | (107,091 | ) |  | (634,054 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | 4,886 |  |  | 4,886 |
Net decrease in cash and cash equivalents | (5,583 | ) |  | (2,454 | ) |  | (99,448 | ) |  | (107,485 | )
Cash and cash equivalents, beginning of period | 8,796 |  |  | 4,027 |  |  | 395,209 |  |  | 408,032 |
Cash and cash equivalents, end of period | $ | 3,213 |  |  | $ | 1,573 |  |  | $ | 295,761 |  |  | $ | 300,547 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2013 | 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 | $ | (46,965 | ) |  | $ | (7,706 | ) |  | $ | 440,469 |  |  | $ | 385,798 |
Cash flows provided by (used in) investing activities |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | 503,148 |  |  | 84,636 |  |  | 5,768,907 |  |  | 6,356,691 |
Purchases of fixed maturity investments trading | (344,873 | ) |  | (67,498 | ) |  | (6,037,326 | ) |  | (6,449,697 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | 43,564 |  |  | 43,564 |
Net purchases of equity investments trading | — |  |  | — |  |  | (33,714 | ) |  | (33,714 | )
Net sales (purchases) of short term investments | 180,150 |  |  | 10,396 |  |  | (308,672 | ) |  | (118,126 | )
Net sales of other investments | — |  |  | — |  |  | 198,101 |  |  | 198,101 |
Net purchases of investments in other ventures | — |  |  | — |  |  | (2,500 | ) |  | (2,500 | )
Net purchases of other assets | — |  |  | — |  |  | (994 | ) |  | (994 | )
Dividends and return of capital from subsidiaries | 330,097 |  |  | 28,554 |  |  | (358,651 | ) |  | — |
Contributions to subsidiaries | (327,731 | ) |  | (37,117 | ) |  | 364,848 |  |  | — |
Due to (from) subsidiaries | 14,685 |  |  | (3,611 | ) |  | (11,074 | ) |  | — |
Net cash provided by (used in) investing activities | 355,476 |  |  | 15,360 |  |  | (377,511 | ) |  | (6,675 | )
Cash flows used in financing activities |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (36,956 | ) |  | — |  |  | — |  |  | (36,956 | )
Dividends paid – preference shares | (19,353 | ) |  | — |  |  | — |  |  | (19,353 | )
RenaissanceRe common share repurchases | (140,911 | ) |  | — |  |  | — |  |  | (140,911 | )
Net repayment of debt | (100,000 | ) |  | — |  |  | (847 | ) |  | (100,847 | )
Redemption 6.08% Series C preference shares | (125,000 | ) |  | — |  |  | — |  |  | (125,000 | )
Redemption 6.60% Series D preference shares | (150,000 | ) |  | — |  |  | — |  |  | (150,000 | )
Issuance of 5.375% Series E preference shares, net of expenses | 265,655 |  |  | — |  |  | — |  |  | 265,655 |
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | (103,628 | ) |  | (103,628 | )
Net cash used in financing activities | (306,565 | ) |  | — |  |  | (104,475 | ) |  | (411,040 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | 3,366 |  |  | 3,366 |
Net increase (decrease) in cash and cash equivalents | 1,946 |  |  | 7,654 |  |  | (38,151 | ) |  | (28,551 | )
Net increase in cash and cash equivalents of discontinued operations | — |  |  | — |  |  | (9,244 | ) |  | (9,244 | )
Cash and cash equivalents, beginning of period | 6,298 |  |  | 1,528 |  |  | 296,319 |  |  | 304,145 |
Cash and cash equivalents, end of period | $ | 8,244 |  |  | $ | 9,182 |  |  | $ | 248,924 |  |  | $ | 266,350 |
(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

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