XML 56 R22.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries | 3 Months Ended
--- | ---
Mar. 31, 2015
Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract] |
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries | CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES The following tables present condensed consolidating balance sheets at March 31, 2015 and December 31, 2014, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three months ended March 31, 2015 and 2014, and condensed consolidating statements of cash flow for the three months ended March 31, 2015 and 2014. Each of RRNAH, Platinum Finance and RenaissanceRe Finance is a 100% owned subsidiary of RenaissanceRe. Refer to “Note 7. Debt and Credit Facilities” for information related to the Company’s debt obligations.
Condensed Consolidating Balance Sheet at March 31, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | Platinum Underwriters Holdings, Ltd. (Subsidiary Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments | $ | 92,165 |  |  | $ | — |  |  | $ | 79,313 |  |  | $ | 291,674 |  |  | $ | — |  |  | $ | 8,220,901 |  |  | $ | — |  |  | $ | 8,684,053 |
Cash and cash equivalents | 4,885 |  |  | 63,257 |  |  | 329 |  |  | 1,229 |  |  | 451 |  |  | 487,467 |  |  | — |  |  | 557,618 |
Investments in subsidiaries | 4,548,612 |  |  | 1,398,517 |  |  | 270,948 |  |  | 611,015 |  |  | 830,466 |  |  | (2,839,998 | ) |  | (4,819,560 | ) |  | — |
Due from subsidiaries and affiliates | 135,592 |  |  | 29,934 |  |  | 25 |  |  | — |  |  | — |  |  | (29,934 | ) |  | (135,617 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 866,418 |  |  | — |  |  | 866,418 |
Prepaid reinsurance premiums | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 233,062 |  |  | — |  |  | 233,062 |
Reinsurance recoverable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 82,696 |  |  | — |  |  | 82,696 |
Accrued investment income | — |  |  | — |  |  | 87 |  |  | — |  |  | — |  |  | 40,496 |  |  | — |  |  | 40,583 |
Deferred acquisition costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 184,168 |  |  | (38,115 | ) |  | 146,053 |
Receivable for investments sold | 12 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 121,518 |  |  | — |  |  | 121,530 |
Other assets | 120,981 |  |  | — |  |  | 31,813 |  |  | 2,966 |  |  | 120,095 |  |  | 215,240 |  |  | (217,244 | ) |  | 273,851 |
Goodwill and other intangible assets | 273,484 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,850 |  |  | — |  |  | 281,334 |
Total assets | $ | 5,175,731 |  |  | $ | 1,491,708 |  |  | $ | 382,515 |  |  | $ | 906,884 |  |  | $ | 951,012 |  |  | $ | 7,589,884 |  |  | $ | (5,210,536 | ) |  | $ | 11,287,198 |
Liabilities, Noncontrolling Interests and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,760,402 |  |  | $ | 21,166 |  |  | $ | 2,781,568 |
Unearned premiums | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 983,137 |  |  | — |  |  | 983,137 |
Debt | 117,000 |  |  | — |  |  | 249,545 |  |  | 250,000 |  |  | 299,400 |  |  | — |  |  | (89,171 | ) |  | 826,774 |
Amounts due to subsidiaries and affiliates | 179,414 |  |  | 26,107 |  |  | 1,931 |  |  | 75 |  |  | 227 |  |  | (26,409 | ) |  | (181,345 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 495,045 |  |  | — |  |  | 495,045 |
Payable for investments purchased | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 217,984 |  |  | — |  |  | 217,986 |
Other liabilities | 97,028 |  |  | 1,086 |  |  | (1,097 | ) |  | 6,343 |  |  | 1,039 |  |  | 214,923 |  |  | (87,354 | ) |  | 231,968 |
Total liabilities | 393,442 |  |  | 27,193 |  |  | 250,381 |  |  | 256,418 |  |  | 300,666 |  |  | 4,645,082 |  |  | (336,704 | ) |  | 5,536,478 |
Redeemable noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 968,431 |  |  | — |  |  | 968,431 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 4,782,289 |  |  | 1,464,515 |  |  | 132,134 |  |  | 650,466 |  |  | 650,346 |  |  | 1,976,371 |  |  | (4,873,832 | ) |  | 4,782,289 |
Total liabilities, noncontrolling interests and shareholders’ equity | $ | 5,175,731 |  |  | $ | 1,491,708 |  |  | $ | 382,515 |  |  | $ | 906,884 |  |  | $ | 951,012 |  |  | $ | 7,589,884 |  |  | $ | (5,210,536 | ) |  | $ | 11,287,198 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Balance Sheet at December 31, 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 | $ | 137,006 |  |  | $ | 88,150 |  |  | $ | 6,518,594 |  |  | $ | — |  |  | $ | 6,743,750 |
Cash and cash equivalents | 5,986 |  |  | 1,033 |  |  | 518,565 |  |  | — |  |  | 525,584 |
Investments in subsidiaries | 3,509,974 |  |  | 71,796 |  |  | — |  |  | (3,581,770 | ) |  | — |
Due from subsidiaries and affiliates | 126,548 |  |  | 23 |  |  | — |  |  | (126,571 | ) |  | — |
Premiums receivable | — |  |  | — |  |  | 440,007 |  |  | — |  |  | 440,007 |
Prepaid reinsurance premiums | — |  |  | — |  |  | 94,810 |  |  | — |  |  | 94,810 |
Reinsurance recoverable | — |  |  | — |  |  | 66,694 |  |  | — |  |  | 66,694 |
Accrued investment income | — |  |  | 121 |  |  | 26,388 |  |  | — |  |  | 26,509 |
Deferred acquisition costs | — |  |  | — |  |  | 110,059 |  |  | — |  |  | 110,059 |
Receivable for investments sold | 10 |  |  | — |  |  | 52,380 |  |  | — |  |  | 52,390 |
Other assets | 112,400 |  |  | 1,242 |  |  | 123,661 |  |  | (101,458 | ) |  | 135,845 |
Goodwill and other intangible assets | — |  |  | — |  |  | 7,902 |  |  | — |  |  | 7,902 |
Total assets | $ | 3,891,924 |  |  | $ | 162,365 |  |  | $ | 7,959,060 |  |  | $ | (3,809,799 | ) |  | $ | 8,203,550 |
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Reserve for claims and claim expenses | $ | — |  |  | $ | — |  |  | $ | 1,412,510 |  |  | $ | — |  |  | $ | 1,412,510 |
Unearned premiums | — |  |  | — |  |  | 512,386 |  |  | — |  |  | 512,386 |
Debt | — |  |  | 249,522 |  |  | — |  |  | — |  |  | 249,522 |
Amounts due to subsidiaries and affiliates | 6,000 |  |  | 233 |  |  | — |  |  | (6,233 | ) |  | — |
Reinsurance balances payable | — |  |  | — |  |  | 454,580 |  |  | — |  |  | 454,580 |
Payable for investments purchased | — |  |  | — |  |  | 203,021 |  |  | — |  |  | 203,021 |
Other liabilities | 20,209 |  |  | 4,013 |  |  | 351,344 |  |  | (1,458 | ) |  | 374,108 |
Total liabilities | 26,209 |  |  | 253,768 |  |  | 2,933,841 |  |  | (7,691 | ) |  | 3,206,127 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 1,131,708 |  |  | — |  |  | 1,131,708 |
Shareholders’ Equity |  |  |  |  |  |  |  |  |
Total shareholders’ equity | 3,865,715 |  |  | (91,403 | ) |  | 3,893,511 |  |  | (3,802,108 | ) |  | 3,865,715 |
Total liabilities, redeemable noncontrolling interest and shareholders’ equity | $ | 3,891,924 |  |  | $ | 162,365 |  |  | $ | 7,959,060 |  |  | $ | (3,809,799 | ) |  | $ | 8,203,550 |
(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 March 31, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | Platinum Underwriters Holdings, Ltd. (Subsidiary Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, Inc. (Subsidiary Issuer) |  | Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1) |  | Consolidating Adjustments (2) |  | RenaissanceRe Consolidated
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net premiums earned | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 296,760 |  |  | $ | — |  |  | $ | 296,760 |
Net investment income (loss) | 2,624 |  |  | — |  |  | 331 |  |  | (40 | ) |  | 36 |  |  | 37,730 |  |  | (974 | ) |  | 39,707 |
Net foreign exchange losses | (10 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,120 | ) |  | — |  |  | (3,130 | )
Equity in earnings of other ventures | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,295 |  |  | — |  |  | 5,295 |
Other income | 6,189 |  |  | 166 |  |  | — |  |  | — |  |  | — |  |  | 1,208 |  |  | (6,024 | ) |  | 1,539 |
Net realized and unrealized gains on investments | 39 |  |  | — |  |  | 406 |  |  | 1 |  |  | — |  |  | 41,303 |  |  | — |  |  | 41,749 |
Total revenues | 8,842 |  |  | 166 |  |  | 737 |  |  | (39 | ) |  | 36 |  |  | 379,176 |  |  | (6,998 | ) |  | 381,920 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 77,412 |  |  | (559 | ) |  | 76,853 |
Acquisition expenses | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 48,318 |  |  | (4,917 | ) |  | 43,401 |
Operational expenses | (1,178 | ) |  | 4,987 |  |  | 1,890 |  |  | 1 |  |  | — |  |  | 34,515 |  |  | 5,406 |  |  | 45,621 |
Corporate expenses | 16,304 |  |  | 8,182 |  |  | 98 |  |  | 35 |  |  | 7 |  |  | 21,007 |  |  | (35 | ) |  | 45,598 |
Interest expense | 295 |  |  | — |  |  | 3,617 |  |  | 1,563 |  |  | 216 |  |  | 594 |  |  | (1,034 | ) |  | 5,251 |
Total expenses | 15,421 |  |  | 13,169 |  |  | 5,605 |  |  | 1,599 |  |  | 223 |  |  | 181,846 |  |  | (1,139 | ) |  | 216,724 |
(Loss) income before equity in net income of subsidiaries and taxes | (6,579 | ) |  | (13,003 | ) |  | (4,868 | ) |  | (1,638 | ) |  | (187 | ) |  | 197,330 |  |  | (5,859 | ) |  | 165,196 |
Equity in net income (loss) of subsidiaries | 183,680 |  |  | (6,557 | ) |  | 17,399 |  |  | (2,146 | ) |  | (3,213 | ) |  | 11,916 |  |  | (201,079 | ) |  | — |
Income (loss) before taxes | 177,101 |  |  | (19,560 | ) |  | 12,531 |  |  | (3,784 | ) |  | (3,400 | ) |  | 209,246 |  |  | (206,938 | ) |  | 165,196 |
Income tax (expense) benefit | (3,663 | ) |  | — |  |  | 31,005 |  |  | 571 |  |  | 65 |  |  | 19,926 |  |  | — |  |  | 47,904 |
Net income (loss) | 173,438 |  |  | (19,560 | ) |  | 43,536 |  |  | (3,213 | ) |  | (3,335 | ) |  | 229,172 |  |  | (206,938 | ) |  | 213,100 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39,662 | ) |  | — |  |  | (39,662 | )
Net income (loss) attributable to RenaissanceRe | 173,438 |  |  | (19,560 | ) |  | 43,536 |  |  | (3,213 | ) |  | (3,335 | ) |  | 189,510 |  |  | (206,938 | ) |  | 173,438 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income (loss) attributable to RenaissanceRe common shareholders | $ | 167,843 |  |  | $ | (19,560 | ) |  | $ | 43,536 |  |  | $ | (3,213 | ) |  | $ | (3,335 | ) |  | $ | 189,510 |  |  | $ | (206,938 | ) |  | $ | 167,843 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Comprehensive Income (Loss) for the three months ended March 31, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | Platinum Underwriters Holdings, Ltd. (Subsidiary Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, 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) | $ | 173,438 |  |  | $ | (19,560 | ) |  | $ | 43,536 |  |  | $ | (3,213 | ) |  | $ | (3,335 | ) |  | $ | 229,172 |  |  | $ | (206,938 | ) |  | $ | 213,100 |
Change in net unrealized gains on investments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (74 | ) |  | — |  |  | (74 | )
Comprehensive income (loss) | 173,438 |  |  | (19,560 | ) |  | 43,536 |  |  | (3,213 | ) |  | (3,335 | ) |  | 229,098 |  |  | (206,938 | ) |  | 213,026 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39,662 | ) |  | — |  |  | (39,662 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39,662 | ) |  | — |  |  | (39,662 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 173,438 |  |  | $ | (19,560 | ) |  | $ | 43,536 |  |  | $ | (3,213 | ) |  | $ | (3,335 | ) |  | $ | 189,436 |  |  | $ | (206,938 | ) |  | $ | 173,364 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
(2) | Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.
Condensed Consolidating Statement of Operations for the three months ended March 31, 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 | $ | — |  |  | $ | — |  |  | $ | 286,534 |  |  | $ | — |  |  | $ | 286,534 |
Net investment income | 625 |  |  | 474 |  |  | 38,786 |  |  | (937 | ) |  | 38,948 |
Net foreign exchange gains (losses) | 1 |  |  | — |  |  | (1,062 | ) |  | — |  |  | (1,061 | )
Equity in earnings of other ventures | — |  |  | — |  |  | 4,199 |  |  | — |  |  | 4,199 |
Other (loss) income | — |  |  | (8 | ) |  | 70 |  |  | — |  |  | 62 |
Net realized and unrealized (losses) gains on investments | (106 | ) |  | 377 |  |  | 14,656 |  |  | — |  |  | 14,927 |
Total revenues | 520 |  |  | 843 |  |  | 343,183 |  |  | (937 | ) |  | 343,609 |
Expenses |  |  |  |  |  |  |  |  |
Net claims and claim expenses incurred | — |  |  | — |  |  | 58,915 |  |  | — |  |  | 58,915 |
Acquisition expenses | — |  |  | — |  |  | 33,700 |  |  | — |  |  | 33,700 |
Operational expenses | (880 | ) |  | 1,894 |  |  | 41,688 |  |  | (78 | ) |  | 42,624 |
Corporate expenses | 4,002 |  |  | 59 |  |  | 484 |  |  | — |  |  | 4,545 |
Interest expense | — |  |  | 3,617 |  |  | 676 |  |  | — |  |  | 4,293 |
Total expenses | 3,122 |  |  | 5,570 |  |  | 135,463 |  |  | (78 | ) |  | 144,077 |
(Loss) income before equity in net income of subsidiaries and taxes | (2,602 | ) |  | (4,727 | ) |  | 207,720 |  |  | (859 | ) |  | 199,532 |
Equity in net income of subsidiaries | 159,200 |  |  | 853 |  |  | — |  |  | (160,053 | ) |  | — |
Income (loss) before taxes | 156,598 |  |  | (3,874 | ) |  | 207,720 |  |  | (160,912 | ) |  | 199,532 |
Income tax benefit (expense) | — |  |  | 684 |  |  | (850 | ) |  | — |  |  | (166 | )
Net income (loss) | 156,598 |  |  | (3,190 | ) |  | 206,870 |  |  | (160,912 | ) |  | 199,366 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (42,768 | ) |  | — |  |  | (42,768 | )
Net income (loss) attributable to RenaissanceRe | 156,598 |  |  | (3,190 | ) |  | 164,102 |  |  | (160,912 | ) |  | 156,598 |
Dividends on preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | (5,595 | )
Net income (loss) available (attributable) to RenaissanceRe common shareholders | $ | 151,003 |  |  | $ | (3,190 | ) |  | $ | 164,102 |  |  | $ | (160,912 | ) |  | $ | 151,003 |
(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 March 31, 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) | $ | 156,598 |  |  | $ | (3,190 | ) |  | $ | 206,870 |  |  | $ | (160,912 | ) |  | $ | 199,366 |
Change in net unrealized gains on investments | — |  |  | — |  |  | (168 | ) |  | — |  |  | (168 | )
Comprehensive income (loss) | 156,598 |  |  | (3,190 | ) |  | 206,702 |  |  | (160,912 | ) |  | 199,198 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (42,768 | ) |  | — |  |  | (42,768 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (42,768 | ) |  | — |  |  | (42,768 | )
Comprehensive income (loss) attributable to RenaissanceRe | $ | 156,598 |  |  | $ | (3,190 | ) |  | $ | 163,934 |  |  | $ | (160,912 | ) |  | $ | 156,430 |
(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 three months ended March 31, 2015 | RenaissanceRe Holdings Ltd. (Parent Guarantor) |  | Platinum Underwriters Holdings, Ltd. (Subsidiary Guarantor) |  | RenRe North America Holdings Inc. (Subsidiary Issuer) |  | Platinum Underwriters Finance, Inc. (Subsidiary Issuer) |  | RenaissanceRe Finance, 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 | $ | (32,160 | ) |  | $ | 837 |  |  | $ | (13,573 | ) |  | $ | (295 | ) |  | $ | (118,949 | ) |  | $ | 45,535 |  |  | $ | (118,605 | )
Cash flows (used in) provided by investing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | — |  |  | — |  |  | 5,007 |  |  | 45,029 |  |  | — |  |  | 2,025,642 |  |  | 2,075,678 |
Purchases of fixed maturity investments trading | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,490,123 | ) |  | (1,490,123 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,757 |  |  | 1,757 |
Net sales of equity investments trading | — |  |  | — |  |  | 13,763 |  |  | — |  |  | — |  |  | 36,864 |  |  | 50,627 |
Net sales (purchases) of short term investments | 44,839 |  |  | — |  |  | (5,848 | ) |  | (45,042 | ) |  | — |  |  | 118,846 |  |  | 112,795 |
Net purchases of other investments | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (7,952 | ) |  | (7,952 | )
Net purchases of investments in other ventures | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (126 | ) |  | (126 | )
Net purchases of other assets | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,500 | ) |  | (2,500 | )
Dividends and return of capital from subsidiaries | 641,434 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (641,434 | ) |  | — |
Contributions to subsidiaries | 148,674 |  |  | — |  |  | (1,753 | ) |  | — |  |  | (180,000 | ) |  | 33,079 |  |  | — |
Due to (from) subsidiary | 3,306 |  |  | — |  |  | 1,700 |  |  | — |  |  | — |  |  | (5,006 | ) |  | — |
Net purchase of Platinum | (904,433 | ) |  | 62,420 |  |  | — |  |  | 1,537 |  |  | — |  |  | 162,324 |  |  | (678,152 | )
Net cash (used in) provided by investing activities | (66,180 | ) |  | 62,420 |  |  | 12,869 |  |  | 1,524 |  |  | (180,000 | ) |  | 231,371 |  |  | 62,004 |
Cash flows provided by (used in) financing activities |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (13,720 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (13,720 | )
Dividends paid – preference shares | (5,595 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,595 | )
RenaissanceRe common share repurchases | (446 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (446 | )
Net issuance (repayment) of debt | 117,000 |  |  | — |  |  | — |  |  | — |  |  | 299,400 |  |  | (118,577 | ) |  | 297,823 |
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (180,285 | ) |  | (180,285 | )
Net cash provided by (used in) financing activities | 97,239 |  |  | — |  |  | — |  |  | — |  |  | 299,400 |  |  | (298,862 | ) |  | 97,777 |
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,142 | ) |  | (9,142 | )
Net (decrease) increase in cash and cash equivalents | (1,101 | ) |  | 63,257 |  |  | (704 | ) |  | 1,229 |  |  | 451 |  |  | (31,098 | ) |  | 32,034 |
Cash and cash equivalents, beginning of period | 5,986 |  |  | — |  |  | 1,033 |  |  | — |  |  | — |  |  | 518,565 |  |  | 525,584 |
Cash and cash equivalents, end of period | $ | 4,885 |  |  | $ | 63,257 |  |  | $ | 329 |  |  | $ | 1,229 |  |  | $ | 451 |  |  | $ | 487,467 |  |  | $ | 557,618 |
(1) | Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.
Condensed Consolidating Statement of Cash Flows for the three months ended March 31, 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 | $ | (17,579 | ) |  | $ | (8,334 | ) |  | $ | 72,552 |  |  | $ | 46,639 |
Cash flows provided by investing activities |  |  |  |  |  |  |
Proceeds from sales and maturities of fixed maturity investments trading | — |  |  | 5,353 |  |  | 1,990,682 |  |  | 1,996,035 |
Purchases of fixed maturity investments trading | (74,733 | ) |  | — |  |  | (1,694,263 | ) |  | (1,768,996 | )
Proceeds from sales and maturities of fixed maturity investments available for sale | — |  |  | — |  |  | 4,090 |  |  | 4,090 |
Net purchases (sales) of equity investments trading | — |  |  | (370 | ) |  | 91 |  |  | (279 | )
Net sales (purchases) of short term investments | 79,551 |  |  | 175 |  |  | (12,413 | ) |  | 67,313 |
Net sales of other investments | — |  |  | — |  |  | 2,116 |  |  | 2,116 |
Net sales of investments in other ventures | — |  |  | — |  |  | 915 |  |  | 915 |
Dividends and return of capital from subsidiaries | 142,423 |  |  | 2,701 |  |  | (145,124 | ) |  | — |
Contributions to subsidiaries | 136,421 |  |  | (1,950 | ) |  | (134,471 | ) |  | — |
Due to (from) subsidiaries | 8,630 |  |  | (971 | ) |  | (7,659 | ) |  | — |
Net cash provided by investing activities | 292,292 |  |  | 4,938 |  |  | 3,964 |  |  | 301,194 |
Cash flows used in financing activities |  |  |  |  |  |  |
Dividends paid – RenaissanceRe common shares | (11,899 | ) |  | — |  |  | — |  |  | (11,899 | )
Dividends paid – preference shares | (5,595 | ) |  | — |  |  | — |  |  | (5,595 | )
RenaissanceRe common share repurchases | (262,736 | ) |  | — |  |  | — |  |  | (262,736 | )
Net third party redeemable noncontrolling interest share transactions | — |  |  | — |  |  | (147,943 | ) |  | (147,943 | )
Net cash used in financing activities | (280,230 | ) |  | — |  |  | (147,943 | ) |  | (428,173 | )
Effect of exchange rate changes on foreign currency cash | — |  |  | — |  |  | (529 | ) |  | (529 | )
Net decrease in cash and cash equivalents | (5,517 | ) |  | (3,396 | ) |  | (71,956 | ) |  | (80,869 | )
Cash and cash equivalents, beginning of period | 8,796 |  |  | 4,027 |  |  | 395,209 |  |  | 408,032 |
Cash and cash equivalents, end of period | $ | 3,279 |  |  | $ | 631 |  |  | $ | 323,253 |  |  | $ | 327,163 |
(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

X
- Details
Name: | rnr_CondensedConsolidatingFinancialInformationProvidedInConnectionWithOutstandingDebtOfSubsidiariesAbstract
Namespace Prefix: | rnr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 10 -Paragraph f -Article 3 + Details
Name: | us-gaap_CondensedFinancialStatementsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration