SCHEDULE II

RENAISSANCERE HOLDINGS LTD.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

RENAISSANCERE HOLDINGS LTD.

BALANCE SHEETS

AT DECEMBER 31, 2014 AND 2013

(PARENT COMPANY)

(THOUSANDS OF UNITED STATES DOLLARS)



	At December 31,
	2014		2013
Assets
Short term investments, at fair value	$	137,006	$	210,719
Cash and cash equivalents	5,986		8,796
Investments in subsidiaries	3,509,974		3,294,729
Due from subsidiaries	10,164		16,479
Dividends due from subsidiaries	116,384		280,273
Receivable for investments sold	10		14
Other assets	112,400		112,234
Total Assets	$	3,891,924	$	3,923,244
Liabilities and Shareholders’ Equity
Liabilities
Contributions due to subsidiaries	$	6,000	$	—
Other liabilities	20,209		18,860
Total Liabilities	26,209		18,860
Shareholders’ Equity
Preference shares: $1.00 par value – 16,000,000 shares issued and outstanding at December 31, 2014 (December 31, 2013 – 16,000,000)	400,000		400,000
Common shares: $1.00 par value – 38,441,972 shares issued and outstanding at December 31, 2014 (December 31, 2013 – 43,646,436)	38,442		43,646
Accumulated other comprehensive income	3,416		4,131
Retained earnings	3,423,857		3,456,607
Total Shareholders’ Equity	3,865,715		3,904,384
Total Liabilities and Shareholders’ Equity	$	3,891,924	$	3,923,244

SCHEDULE II

RENAISSANCERE HOLDINGS LTD.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED

RENAISSANCERE HOLDINGS LTD.

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012

(PARENT COMPANY)

(THOUSANDS OF UNITED STATES DOLLARS)



	Year ended December 31,
	2014			2013			2012
Revenues
Net investment income	$	2,706		$	4,213		$	14,195
Net foreign exchange gains (losses)	(13		)	(7		)	33
Other income	—			106			2,822
Net realized and unrealized gains (losses) on investments	83			(483		)	14,862
Total revenues	2,776			3,829			31,912
Expenses
Interest expense	—			734			5,875
Operational expenses	(4,890		)	(4,962		)	(5,103		)
Corporate expenses	20,787			31,264			14,282
Total expenses	15,897			27,036			15,054
(Loss) income before equity in net income of subsidiaries and taxes	(13,121		)	(23,207		)	16,858
Equity in net income of subsidiaries	545,839			713,831			584,051
Net income	532,718			690,624			600,909
Dividends on preference shares	(22,381		)	(24,948		)	(34,895		)
Net income available to RenaissanceRe common shareholders	$	510,337		$	665,676		$	566,014

RENAISSANCERE HOLDINGS LTD.

STATEMENTS OF COMPREHENSIVE INCOME

FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012

(PARENT COMPANY)

(THOUSANDS OF UNITED STATES DOLLARS)



	Year ended December 31,
	2014		2013		2012
Comprehensive income
Net income	$	532,718	$	690,624	$	600,909
Comprehensive income attributable to RenaissanceRe	$	532,718	$	690,624	$	600,909

SCHEDULE II

RENAISSANCERE HOLDINGS LTD.

CONDENSED FINANCIAL INFORMATION OF REGISTRANT – CONTINUED

RENAISSANCERE HOLDINGS LTD.

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012

(PARENT COMPANY)

(THOUSANDS OF UNITED STATES DOLLARS)



	Year ended December 31,
	2014			2013			2012
Cash flows (used in) provided by operating activities:
Net income	$	532,718		$	690,624		$	600,909
Less: equity in net income of subsidiaries	(545,839		)	(713,831		)	(584,051		)
	(13,121		)	(23,207		)	16,858
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net unrealized losses included in net investment income	—			—			348
Net unrealized gains included in other loss	—			(20		)	(193		)
Net realized and unrealized (gains) losses on investments	(83		)	483			(14,862		)
Other	13,633			(15,222		)	126,416
Net cash provided by (used in) operating activities	429			(37,966		)	128,567
Cash flows provided by investing activities:
Proceeds from maturities and sales of fixed maturity investments trading	88,273			880,749			744,211
Purchases of fixed maturity investments trading	(88,341		)	(491,768		)	(692,783		)
Net sales (purchases) of short term investments	73,717			21,217			(80,485		)
Dividends and return of capital from subsidiaries	1,259,224			504,241			979,311
Contributions to subsidiaries	(759,456		)	(500,652		)	(366,210		)
Due to (from) subsidiary	6,315			17,446			(15,359		)
Net cash provided by investing activities	579,732			431,233			568,685
Cash flows used in financing activities:
Dividends paid – RenaissanceRe common shares	(45,912		)	(49,267		)	(53,356		)
Dividends paid – preference shares	(22,381		)	(24,948		)	(34,895		)
RenaissanceRe common share repurchases	(514,678		)	(207,410		)	(463,309		)
Redemption of 6.08% Series C preference shares	—			(125,000		)	—
Redemption of 6.60% Series D preference shares	—			(150,000		)	(150,000		)
Issuance of 5.375% Series E preference share, net of expenses	—			265,856			—
Net repayment of debt	—			(100,000		)	—
Net cash used in financing activities	(582,971		)	(390,769		)	(701,560		)
Net (decrease) increase in cash and cash equivalents	(2,810		)	2,498			(4,308		)
Cash and cash equivalents, beginning of year	8,796			6,298			10,606
Cash and cash equivalents, end of year	$	5,986		$	8,796		$	6,298