CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES

The following tables present condensed consolidating balance sheets at September 30, 2014 and December 31, 2013, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and nine months ended September 30, 2014, and condensed consolidating statements of cash flow for the nine months ended September 30, 2014 and 2013, respectively, for RenaissanceRe, RRNAH and RenaissanceRe’s other subsidiaries. RRNAH is a 100% 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 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 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 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.